Consumer >> Sector Roundtables >> October 19, 1998
THOMAS H. TASHJIAN is a Senior Managing Director and Senior Retailing
Analyst in the Consumer Group at NationsBanc Montgomery Securities.
Previously, he was associated with First Manhattan Co., Seidler
Companies and Prudential Securities. He was formally a retailing
consultant for the City of New Orleans and an area manager for the Ayr-
Way discount chain. A member of the AIMR speakers program, Mr. Tashjian
earned his Bachelor's degree from Butler University and his M.B.A. from
Tulane University. Profile
JEFFREY M. FEINER is a Managing Director at Lehman Brothers. He was
previously associated with Salomon Brothers and Merrill Lynch. Mr.
Feiner is a Chartered Financial Analyst and a member of the National
Retail Federation, the New York Society of Security Analysts, the
Merchandising Analyst Group of New York and the Financial Analyst
Federation. He received a BS in Economics from the Wharton School and an
MBA from the Columbia Business School. Profile
HEATHER A. KANG is a Managing Director, Portfolio Manager at PPM
America, Inc. in Chicago. Previously, she was a Vice President-Equity
Portfolios at GE Investments. Ms. Kang received her Bachelor's degree
from Loyola College and her M.B.A. from George Washington University. A
Chartered Financial Analyst, she is a member of the NYSSA and the AIMR.
Ms. Kang includes tennis, technology, English literature, poetry and
real estate among her personal interests. Profile
TWST: Let's start with the overall environment for retail stocks today,particularly for the department stores. Jeff, how do you define a
department store? Would you include Kmart or any of the big