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Customer availability of Kodak Professional's DCS Pro 14n, which was originally scheduled for mid-January, has been pushed back a month.

"We regret the delay," said Madhav Mehra, General Manager, Digital Cameras, Kodak Professional. "But we believe this ground-breaking, innovative camera is well worth the wait. We're very pleased by the many orders we have received to date, and we're working to ensure our customers' absolute satisfaction."

Sample images taken with the camera are available for download on Kodak's website. Go to www.kodak.com/go/dcspro14n and click on the "Image Samples" link.

Kmart to Close 326 Additional Stores Nationwide

One year after closing 283 stores, Kmart has released a list of 326 more store closings and the closure of one distribution center (TBD). The stores affected include 266 Kmart and Big Kmart stores, 60 Kmart Supercenters (in the U.S. and Puerto Rico) and one of it's 18 distribution centers. This will leave about 1,500 stores in the U.S., Caribbean and Guam. Last year, when Kmart filed for Chapter 11 bankruptcy protection it had 2,100 stores. Kmart hopes to complete its reorganization and emerge from Chapter 11 by April 30, 2003.

James B. Adamson, chairman and CEO of Kmart Corporation, said, "The developments we are announcing today mark an important milestone in Kmart's reorganization. When we filed our Chapter 11 cases last January, the company anticipated that it would complete the actions required to be taken during its reorganization and emerge from Chapter 11 protection by the second quarter of 2003."

Adamson continued, "I am extremely proud of the progress that Kmart has made over the past year with the support of our associates, vendors, creditors and customers. The company will emerge from its reorganization cases with a much stronger balance sheet, liquidity position and cost structure. Now that we have accomplished all that we can through the Chapter 11 process, we look forward to putting the considerable costs and distractions of bankruptcy behind us and focusing our full time and attention on revitalizing Kmart."

According to comments made by President and COO of Kmart, Julian Day, Kmart's closings are to help protect and strengthen its competitive position in key strategic markets. An aggressive marketing campaign is planned to remind customers about the products, services and value that will continue to be available at the 1,500 stores remaining open.

Approximately 37,000 Kmart associates will be laid off due to the closings. Kmart will be providing a range of benefits and job placement assistance to those workers to ease the transition.

The additional closings will likely impact some of the photo industry's major manufacturers. As of last February, Kmart leased about 650 Noritsu onsite minilabs, and approximately 400 minilabs from Qualex. The Kodak subsidiary also provided Kmart's overnight processing. Film, cameras and photo accessories are also stocked by Kmart, supplied by Kodak and others.

PEOPLE ON THE MOVE

Paul D'Andrea

Fujifilm's DiMinno To Retire; D'Andrea To Head Photo Group

Fuji Photo Film U.S.A., Inc., announced William J. DiMinno, Senior VP and GM of the company's Photo Imaging Group, will be retiring from the company later in the year. Paul D'Andrea, currently VP and GM of Fujifilm's Consumer Markets Division, will assume Mr. DiMinno's title and responsibilities, effective April 1, 2003. DiMinno will assume the position of Senior VP of Strategic National Accounts until his retirement on October 1.

D'Andrea has 30 plus years experience in the photography industry, including high-level positions at PictureVision and Mystic Color Lab prior to joining Fujifilm.

Susan Stoller

Susan Stoller Joins Alkit

Susan Stoller has joined Alkit's Outside Sales team, focusing on new business opportunities. Prior to joining Alkit, Stoller worked for eight years as an Account sales representative for Calumet Photographic. She also worked as an assistant manager at Helix Ltd. Stoller has a BA degree in photography from Columbia College. She will be working from her hometown of Chicago, IL.

Mark Blecher

Management Change at Ofoto

Ofoto has hired Mark Blecher for the position of President. He will oversee the company from its Emeryville, CA location and report directly to the company's Board of Directors. Blecher has over 16 years of marketing experience for consumer products and technology companies, including Electronic Arts, PepsiCo Inc., and Clorox.

Former Ofoto President James Joaquin will remain with the company as executive vice president. He will focus on the development of new products and new markets for Ofoto.


   







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