page 6C-KINGS MOUNTAIN HERALD-Wednesday, November 16, 1988
Tultex
Martinsville, Va. -- The Tultex
Corporation (TTX-NYSE) Board
of Directors, at its meeting to-
day, made the following changes
in management, to be effective
December 1.
H. Richard
Hunnicutt Jr.
WM was elected
_ chairman and
chief executive
officer, and John
M. Frank,
, previously vice
president, was
elected presi-
. dent and chief
HUNNICUTT Operating hia
ceeding Mr. Hunnicutt. W.F.
Franck, who was chairman and
chief executive officer, will re-
main with Tultex as chairman-
emeritus. )
Hunnicutt joined Tultex in 1973
when Kings Mill, Inc., of which
he was co!founder and vice
president, was merged into
Tultex Corporation. Following
the merger, Mr. Hunnicutt was
named president of Tultex
Yarns, which is composed of six
mills operating throughout North
Carolina.
In 1977, Hunnicutt was named
vice presient of the Corporation,
and in 1981 he was elected to the
Board of Directors and named
senior vice president. In 1984, he
was named president and chief
operating officer of Tultex.
Before helping establish Kings
Mill of Kings Mountain, in 1967,
Hunnicutt was affiliated with
Parkdale Mills, Gastonia, for
five years. He earned his
Bachelor of Arts degree in
business administration from
Belmont Abbey College and was
graduated magna cum laude
from North Carolina State
University, where he received a
Bachelor of Science degree in
textile technology.
A native of Kings Mountain,
Hunnicutt is a board member of
the American Yarn Spinners
Association, the North Carolina
Textile Foundation, the North
Carolina Textile Manufacturers
Association, the National
Knitwear Manufacturers
Association, and the Gastonia
Board of the Branch Bank &
Trust Company. He is a past
president of the American Yarn
Spinners Association and is cur-
rently vice-chairman of the Na-
tional Knitwear Manufacturers
Association. He is a manufac-
turer’s delegate to the National
- Cotton Council.
‘Hunnicutt and his wife, the
former Esther Reid Adams,
reside in Gastonia with their
three sons.
John M. Franck has been with
. Tultex since 1976, when he
became production manager for
Sunburst Yarns formerly a sub-
sidiary of Tultex. He has also
held the positions of ad-
ministrative assistant and
technical service manager at
Tultex Yarns. Prior to his
employment with Tultex, he was
a technical services represen-
tative for Unifi, Inc. of
Greensboro, N.C.
In 1984, Franck was elected
vice president-corporate plann-
ing, and in 1985 he was elected to
the Board of Directors and as
vice president of Tultex, which
gave him the responsibility for
all distribution, data processing,
personnel, and administration.
Franck was graduated from
Georgia Institute of Technology
in 1975 with a Bachelor of Science
degree in industrial manage-
ment. A native of Martinsville,
Mr. Franck is vice president and
a board member of Chatmoss
Country Club. He and his wife,
the former Jane Reilley of Baton
Rouge, La., live in Martinsville
with their two sons. They are
members of Christ Episcopal
Church.
Tultex Corporation, a vertical-
ly integrated producer of fleeced
knit activewear and leisure time
apparel, operates yarn and ap-
parel manufacturing plants in
Virginia and North Carolina.
REVCO DESIGN
Revco D.S., Inc. has selected
Retail Concepts, of Seattle, to
design a new prototype Revco
Drugstore. A division of The
NBBJ Group, which is the third
largest architectural firm in the
U.S., Retail Concepts specializes
in the design of retail stores.
Their services includeinterior
planning, positioning studies,
merchandise presentation
systems, graphics and custom-
fixture design. Clients include
Eddie Bauer, Williams-Sonoma,
Lamonts, The Limited and many
others.
The average size of a Revco
drugstore is 8,450 sq. feet, with
some as large as 18,000 sq. feet.
Size presents a design challenge,
as do various store locales, ages
and conditions. Because much of
Revco’s growth for 30 years was
by acquisition of stores and small
drug chains, there is no standard
store structure. Retail Concepts
has been commissioned to design
elements adaptable to the some
1,950 Revco stores’ different con-
figurations, while maintaining a
uniform ‘look.’
The design team—led by
Design Directef James Adams
a
Names KM Native Hunnicutt Chairman, CEO
and Marketing Director Debbie
DeGabrielle—has served as
‘sales associates’’ in Revco
stores, observing retail space in-
teraction on a human scale for
pharmacy, cashier, stock rooms,
OTC, cosmetics and other
departments.
Jim Adamson, Revco ex-
ecutive vice president-
marketing, explained, “We want
a store designed by people who
understand marketing as well as
architecture and interior
design.”
“A drugstore customer is dif-
ferent from other retail
customers,’”’” added Bob
Newmark, Revco vice president-
Marketing Services. ‘Many are
sick or making purchases for so-
meone who is. Others, perhaps
shopping for cosmetics or other
items, would like to have a plea-
sant shopping experience. To
serve both well requires a cer-
tain Revco store ‘personality’:
friendly, convenient drugstores,
helpful to customers, a good
shopping experience.”
“We work with our clients to
execute their own vision,” noted
DeGabrielle. ‘“‘Revco manage-
ment has a strong, clearly defin-
ed idea of what a Revco store
should accomplish. That’s the
best way to create a store design
that will stand the test of time.”
Retail Concepts intends to pre-
sent a finished prototype in
March of 1989. Implementation
of the finished design throughout
all Revco stores is expected to
take three to five years.
Revco operates approximately
1,950 drugstores in 27 states, and
fills more than 65 million
prescriptions annually. The com-
pany has annual sales in excess
of $2.4 billion.
RAISINS BACK
ROCKY MOUNT -- Executives
at America’s third largest fast
food hamburger chain are con-
vinced that lightening can strike
three times, announcing today
The California Raisins will
return to all of Hardee’s 3,017
restaurants between November 4
and December 3.
According to Gary Langstaff,
Hardee’s Executive Vice Presi-
dent of Marketing, the introduc-
tion will have a ‘‘new twist’ this
time. ‘‘The new crop of
characters will consist of four
different 5 14’ posable, plush
dolls versus the 2’ plastic
figurines that were offered dur-
ing the previous campaigns (Oc-
tober 1987 and July and August of
1988),” said Langstaff. As a
result of those promotions, the
grapevines were picked clean of
over 42 million figurines.
Despite its success formula,
Hardee’s made the decision last
summer to switch to this fall’s of-
fer of the posable, raisin
characters. The new line-up in-
cludes a female ‘‘raisinette” (the
first from the previously male
dominated grape collection) and
three males: a microphone
player, conga dancer and
sunglass character.
““We’ve managed this ‘hot pro-
perty’ very successfully,”
Langstaff grinned. “The play
value of the dolls and the ex-
cellent price value ($2.19 each
with a designated food purchase.
The sale price is approximately
1/5th of the amount charged for
similar plush items found in gift
and card shops across America)
will give customers more
reasons to stop in our restaurants
during the busy traffic period
leading up to Christmas.”
RECORD SALES
Hardee’s Food Systems,
America’s third largest fast food
hamburger restaurant chain,
reported today it has achieved
record-breaking Third Quarter
and 9-Month Sales results.
The company’s total system-
wide sales for the Third Quarter
registered a 12.2% advance to
$922,000,000 from $822,000,000 in
the comparable period last year.
Systemwide sales for the 36-week
increased 11.8% to $2,500,000,000
from $2,200,000,000 last year.
Bill Prather, President and
Chief Operating Officer at-
tributed the boosts in system-
wide sales to increased customer
traffic to Hardee’s during the
spring and summer months and
his chain’s emphasis on being
‘“‘consumer-driven” and giving
customers what they say they
want to eat while visiting a fast
food restaurant. ‘‘We’re manag-
ing for the long haul,” said
Prather. ‘Our objective is to be
the best, not necessarily the big-
gest fast food hamburger
restaurant chain in America!”
“Our solid financials prove
that our slogan (‘‘We’re Out to
Win You Over”) is working,”
said Prather. ‘Plus, our rela-
tionship with our franchisees is
excellent. We've invested a lot of
time and money in redesigning
the look of our restaurants, we've
placed innovative and labor-
saving equipment in our kitchens
and we're working hard to make
sure our restaurant people con-
sistently give customers quality
food, fast and courteous service
in clean and pleasant surroun-
dings.”
AGREEMENT RENEWED
The board of directors of First
Citizens BancShares, Inc. has
renewed for an additional year
the corporation’s authorization
to purchase shares of its outstan-
ding common stock, according to
Lewis R. Holding, chairman.
The corporation has the
authority to purchase during the
next 12 months, on the open
market or in private transac-
tions, up to 300,000 shares of its
outstanding Class A common
stock ‘and up to 100,000 shares of
its outstanding Class B common
stock.
During the first year of the
stock purchase program
originally authrized on Nov. 3,
1987, the corporation acquired
100,524 shares of Class A and
© 43,790 shares of Class B common
stock. First Citizens currently
has outstanding 7,717,045 shares
of Class A and 1,908,986 shares of
Class B common stock.
According to Holding, current
market conditions continue to
make such stock purchases an
attractive investment for both
the corporation and its
shareholders. He indicated that
First Citizens’ management
would exercise its authority to
buy stock whenever conditions
were favorable to the company
The Butterfly
1423 East Franklin Bly.
Gastonia, N.C. 28052
Bi SEASONSGREETINGSSEASONSGREETING
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and its shareholders.
First Citizens BancShares,
Inc. is the holding company for
First Citizens Bank, a statewide
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You are cordially
invited to attend our 3rd Anniversary
Open House
Friday, November 18, 1988
Saturday, November 19, 1988
10:00-6:00
Sunday, November 20, 1088
1:00-5:00
The Butterfly
Akers Shopping Center
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