Floyd Hall (born September 4, 1938) is an American business executive and sports team owner.
Hall was born inOklahoma.[1] He left school at the age of 15.[1] He attendedSouthern Methodist University, and did not graduate.
Hall started working atMontgomery Ward in August 1956. From 1970 to 1984, he was regional vice president at theSinger Company. He then worked forB. Dalton Booksellers where he was subsequently promoted tochief executive officer (CEO). He became chairman and CEO ofTarget Stores in 1981.[2]James Goldsmith appointed Hall as partner and CEO of theGrand Union grocery chain, which he controlled, in February 1984.[2] Goldsmith sold his shareholding in Grand Union's parentGenerale Occidentale to French conglomerateCompagnie Générale d'Electricité (CGE) in 1987, who sold the chain onto a management buyout led by Hall for $655 million in 1988.[3][4] Grand Union was sold a year later, with Hall leaving and jointly setting up the museum reproduction company Museum Co..[5]
Hall was appointed president and CEO ofKmart, which was struggling, from 1995.[6]
Hall was thechief executive officer ofKmart from June 1995 – 2000. During Hall's term in office, the chain sold off several specialty businesses to focus on its corediscount store business, remodeled the stores into the Big Kmart format, and acquired theMartha Stewart line of household products.
In 1997, Hall formed a partnership with the state ofNew Jersey andMontclair State University, Floyd Hall Enterprises, which supervised construction of the 4,000-seatYogi Berra Stadium, home field for theNew Jersey Jackals baseball team, and a two-rinkice arena, Floyd Hall Arena,[7] both located on the campus of Montclair State University.[8] Hall sold the Jackals to Al Dorso in 2017[9] and the ice arena back to Montclair State in a transaction finalized in early 2020; the university then renamed the building the Montclair State University Ice Arena.
In 2006, after theNew Jersey Cardinals were relocated to Pennsylvania and became theState College Spikes, Hall started a second team to play in the Cardinals’ former home ofSkylands Park inAugusta,New Jersey. The team, known as theSussex Skyhawks, began play in 2006 and won theCanadian-American Association of Professional Baseball championship two years later, but the team did not draw well and Hall folded the team after the 2010 season citing significant financial losses, the lack of an interested buyer, and the desire to focus on the Jackals and his other operations. (Oddly enough, current Jackals owner Al Dorso did the same thing that Hall did but in reverse; he started theSussex County Miners, a replacement for the Skyhawks, and later purchased the Jackals.)
Hall was nominated[10] on February 10, 2006, by PresidentGeorge W. Bush to serve on theAmtrak Reform Board for a five-year term of office. Hall was earlier appointed[11] in arecess appointment to the same position on January 4, 2006.
He is a resident ofMontclair, New Jersey.[12]
Hall completedHarvard Business School's advanced management program in 1977.[13]