Joseph E. "Joe" Antonini | |
---|---|
Born | July 13, 1941 |
Nationality | American |
Occupation | Businessman |
Joseph E. "Joe" Antonini (born July 13, 1941) [1] is a businessman who is best known for being a former CEO of Kmart. [2]
Joseph Antonini was a retail manager at Kresge's on Union Road in Cheektowaga, New York in the late 1960s. Kresge's, a five and dime operation, eventually became Kmart and Antonini continued working for the organization.
Antonini attended high school at Morgantown High School. [3]
Antonini became chairman in 1984 and CEO of Kmart in 1987. [2] In 1990 Kmart began a major restructuring and remodeling effort while competing against Walmart, resulting in financial difficulties for Kmart. In February 1990, when Kmart announced its refurbishing program, plans were to close and relocate about 300 Kmart stores, to expand about 620 stores, and to remodel the remaining 1,250 stores. Another 150 stores were to be closed within five years. [4] Antonini resigned from Kmart in 1995. [5]
Borders Group, Inc. was an American multinational book and music retailer based in Ann Arbor, Michigan, United States. In its final year, the company employed about 19,500 people throughout the U.S., primarily in its Borders and Waldenbooks stores.
Sebastian Spering Kresge was an American businessman. He created and owned two chains of department stores, the S. S. Kresge Company, one of the 20th century's largest discount retail organizations, and the Kresge-Newark traditional department store chain. The discounter was renamed the Kmart Corporation in 1977.
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Floyd Hall is an American business executive and sports team owner.
The Kresge Foundation is a philanthropic private foundation headquartered in Troy, Michigan, United States. The foundation works to expand opportunities in America's cities through grantmaking and investing in arts and culture, education, environment, health, human services and community development efforts. The Kresge Foundation is one of wealthiest charitable organizations in the world, with an endowment of $4.3 billion as of June 2021.
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