Sears' Martinez to succeed Shea as NRF chairman.
Martinez succeeds John J. Shea, vice chairman, president and CEO of Spiegel Inc. Shea last month announced his retirement which is effective July 3, 1997.
"We are thrilled that Arthur Martinez has agreed to take over as chairman," said NRF president Tracy Mullin. "He has been a long-time supporter of NRF and he shares our goals for the Federation and the retail industry. We look forward to his leadership and counsel as we continue to strengthen NRF, develop new ways to anticipate and fulfill our members' needs and promote the retail industry."
Martinez joined Sears, Roebuck and Co. in 1992 as chairman and chief executive officer of its retail arm, Sears Merchandise Group. Martinez is credited with being one of the driving forces behind the innovative merchandise strategy that helped restructure and reposition Sears, Roebuck and Co. for success as a department store retailer. He was named to his current position in August 1995.
From 1987 to 1990, Martinez was senior vice president and group chief executive for the retail division of BATUS Inc. where he was responsible for Saks Fifth Avenue, Marshal Field's, J.B. Ivey, and Breuner's stores. Martinez also served with Saks Fifth Avenue from 1980 to 1987.
The National Retail Federation (NRF) is the world's largest retail trade association with membership that includes the leading department, specialty, discount, mass merchandise and independent stores, as well as 32 national and 50 state associations. NRF members represent an industry that encompasses over 1.4 million U.S. retail establishments, employs more than 20 million people, 1 in 5 American workers, and registered 1996 sales of nearly $2.5 trillion. NRF's international members operate stores in more than 50 nations.
CONTACT: National Retail Federation
Pamela Rucker, 202/783-7971
|Printer friendly Cite/link Email Feedback|
|Date:||Jul 2, 1997|
|Previous Article:||COUSINS ANNOUNCES SALE OF TWO NEIGHBORHOOD SHOPPING CENTERS.|
|Next Article:||Parametric Technology Receives $2.3 Million in Orders for Software from the U.S. Department of Energy.|