Julian C. Day

AAA

DEFINITION of 'Julian C. Day'

The CEO and chairman of technology retailer Radio Shack since July 2006 and a former CEO and president of mass merchandiser Kmart Corp. After joining Kmart as its COO and president in 2002, he rose to CEO in January 2003. Day helped Kmart strengthen its balance sheet, improve profitability and liquidity, reduce debt, secure exit financing and decrease operating costs. One of his strategies was to decentralize decision making so store managers had more control over their inventory purchases. He stepped down as Kmart's CEO in October 2004.

INVESTOPEDIA EXPLAINS 'Julian C. Day'

Day was born in England in 1952 and educated at Oxford and the London Business School. He began his career with consulting firm McKinsey & Company in 1980 and went on to work at Chase Manhattan Bank and at asset manager Kohlberg, Kravis, Roberts & Co. His first C-level position was at Safeway (North America), where he became CFO in 1993 and later executive vice president. He dramatically improved the company's share price, earning a reputation as a turnaround specialist. He then joined Sears, Roebuck and Co. in 1999, where he held the same positions.



RELATED TERMS
  1. Kenneth I. Chenault

    The chairman and CEO of American Express. Chenault joined the ...
  2. Chairman

    An executive elected by a company's board of directors that is ...
  3. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  4. Retail Sales

    An aggregated measure of the sales of retail goods over a stated ...
  5. Chain Store Sales

    An indicator that provides information on the monthly sales volumes ...
  6. Corporate Governance

    The system of rules, practices and processes by which a company ...
Related Articles
  1. Evaluating The Board Of Directors
    Insurance

    Evaluating The Board Of Directors

  2. What Investors Can Learn From Insider ...
    Markets

    What Investors Can Learn From Insider ...

  3. Choosing The Winners In The Click-And-Mortar ...
    Investing

    Choosing The Winners In The Click-And-Mortar ...

  4. Analyzing Retail Stocks
    Fundamental Analysis

    Analyzing Retail Stocks

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center