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Business Briefs

Reported by Star-Bulletin staff & wire

Friday, October 29, 1999

Foot Locker opens larger Oahu store

Foot Locker opened a new, larger store in Ala Moana Center today, offering athletic footwear and apparel in a 14,000-square-foot facility on the third level of the shopping center, next to JC Penney. The company described the store's design as "high-tech industrial" with lighting and sound arranged to give the impression of a sports arena. The store replaces a smaller Foot Locker that was on the second level.

HVCB seeks bids for call center

The Hawaii Visitors & Convention Bureau is seeking proposals from people willing to set up and operate a round-the-clock customer call center system for fast response to queries from travelers interested in visiting the islands. It will need to handle telephone calls, faxes, e-mail, Internet and traditional mail inquiries. The deadline for proposals is Nov. 15 at 4:30 p.m. Details are on the HVCB web site, www.gohawaii.com /hokeo/hvcb/rfps.html.

Coca-Cola shuffles top management

ATLANTA -- Coca-Cola Co., whose stock is on track for its first annual drop in two decades, shook up its management by appointing two officers to oversee its global businesses, and said it will name a new chief financial officer.

Jack Stahl, senior vice president, will take control of North America, Latin America and Minute Maid juices. Doug Daft, senior vice president, will take over the Africa group and the new Schweppes Beverages unit, while continuing to oversee the Middle and Far East businesses.

Chairman Douglas Ivester has been under pressure to name a second-in-command, as Atlanta-based Coca-Cola struggled with four consecutive drops in quarterly earnings, slow international sales and legal problems. Shares of the world's largest soft-drink maker have fallen 12 percent this year, the fifth-worst decline on the Dow Jones industrial average.

The company said Ivester will recommend that Gary Fayard, chief accounting officer, be named chief financial officer at a board meeting in December.





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