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  • BIG MOVES AT JUMBOSPORTS: CEO RESIGNS, EXECUTIVES SHUFFLE

              JumboSports Chair & CEO Stephen Bebis "resigned Monday
         after failing to lead the money-losing sporting goods chain
         to a promised turnaround," according to Kris Hundley of the
         ST. PETERSBURG TIMES.  Jack Bush, a retail consultant and
         member of JumboSports' Board of Directors, will replace
         Bebis.  Additionally, CFO Ray Springer has been promoted to
         acting President & COO (ST. PETERSBURG TIMES, 12/9). 
              DETAILS: The 85-store chain's "management upheaval"
         comes five days after it reported a 3Q loss of $45.8M and
         announced plans to "pull out of" the Atlanta, Houston and
         Detroit markets.  Also, third quarter sales in stores that
         have been open more than a year were down 5.4%.  Bebis, who
         joined JumboSports in early '96, could not be reached for
         comment.  The company's release did not offer details on his
         future plans (ST. PETERSBURG TIMES, 12/9).  
              ANY REMEDY? In Tampa, Aissatou Sidime reports that
         Springer plans to "fine tune" the merchandise in the
         company's stores and "increase marketing."  Springer said
         that he "expects to end the year with a total sales
         increase", but that sales at stores open more than a year
         "will probably fall" (TAMPA TRIBUNE, 12/9). 
    
    

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