DALLAS Five executives who changed the face of merchandising will be inducted into the newly created Retailing Hall of Fame Jan. 16 in New York, promoters said.
The first five inductees are the late Neiman Marcus chairman Stanley Marcus, the late founder of Wal-Mart Sam Walton, J.C. Penney chairman and CEO Allen Questrom, Barnes & Noble chairman Leonard Riggio and Crate & Barrel co-founder and CEO Gordon Segal.
Texas A&M University's Center for Retailing Studies created the Hall of Fame. Dallas advertising agency Euro Retail, part of the Euro RSCG conglomerate, sponsors the Hall of Fame ceremony and works closely with the CRS.
A CRS panel of retail writers nominated the Hall of Fame inductees. The center's board of directors chose which nominees would be inducted, the CRS said.
"The Retailing Hall of Fame represents the forum for permanently recognizing leaders in retailing," the center said. "It will fill an important void, the absence of an institution whose purpose is to celebrate retailing by enshrining leaders past and present."
The induction ceremony will be held at Cipriani's, the center said. Deadline for reservations is Jan. 8.