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Under the terms of the reorganization agreement, the two brothers will receive consulting contracts -- Gene Pressman for the merchandise operations, and Bob Pressman for the operational side of the business -- executives involved in the negotiations said yesterday.
Mr. Hicks, who joined J.C. Penney in 2002 as president and chief operating officer of stores and merchandise operations, will be in charge of merchandising, marketing, the Internet, catalog and stores, Ms. Morris said.
It found that many nearby residents were recent immigrants living in apartments, and one of the first improvements they wanted to make was to their bathrooms, said Alan Blundell, vice president for Wal-Mart merchandise operations in Canada.
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And Disney may choose to merge Lucasfilm's consumer products unit with its own merchandise operation.
He also upped the merchandise operation, sought corporate sponsors and maximised every revenue stream a tour could offer.
The poster giveaway evolved into a thriving for-profit merchandise operation that MPR sold off to Target Corp. in 1998 for $123 million.
While online retailers like E Online (www.eonline.com) and film and video supplier Big Star (www.bigstar.com) are bracing for holiday business, Disney is banking on its enormous popular appeal and promotional muscle to drive traffic to its two key purchasing destinations, the Disney Store Online (www.disney.com) and its sports merchandise operation, The Store at ESPN.com (www.store.espn.com).espn.com
Wal-Mart's decision to sell reflects a desire to concentrate on the company's food and general-merchandise operations, without distraction from other types of businesses.
Jon Williams, John Lewis's director of merchandising operations, said fashion sales rose 20% last week.
The most recent quarter included a gain of 71 cents a share for selling its merchandising operations.
The results of Sears's merchandising operations were depressed in large part by the costs stemming from the restructuring.
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