February 1, 2002
Feb 01, 2002
TrizecHahn takes $285 million write-down
Jan 31, 2002
TrizecHahn Corp. announced it will take a $285 million write-down against high-profile assets such as Desert Passage in Las Vegas and Hollywood & Highland in Los Angeles...
Poll: Consumers prefer Wal-Mart and Target over Kmart
Jan 31, 2002
A USA Today/CNN/Gallup poll released today appeared to provide evidence that Kmart’s troubles run much deeper than a few under-performing stores...
Kmart’s stock price rebounds as its restructuring efforts gain favor with Wall Street
Jan 30, 2002
When Kmart Corp. filed for Chapter 11 bankruptcy protection Jan. 22, its stock price — which had reached a 52-week high of $13.55 in August — plummeted to an abysmal 66 cents...
Charming Shoppes Inc. to close more than 207 stores
Jan 30, 2002
Charming Shoppes Inc. announced a restructuring plan designed to boost profits by closing more than 207 stores...
Toys ‘R’ Us to shutter 64 stores
Jan 28, 2002
Toys "R" Us Inc. announced plans Monday to shutter 64 stores and eliminate 1,900 jobs. The nation’s No. 1 toy retail chain said the restructuring will cause the company to incur after-tax charges of about $126 million...
Federated to close two Macy’s locations in Southeast
Jan 25, 2002
Cincinnati-based Federated Department Stores is shutting the doors at two of its Macy’s locations this spring...
SEC authorizes investigation of alleged accounting improprieties at Kmart
Jan 25, 2002
Kmart Corp. today announced that it launched an internal investigation after receiving an anonymous letter complaining of accounting improprieties at the Troy, Mich.-based chain...
Kimco and IRT Property hold steady as Kmart’s financial struggle unfolds
Jan 24, 2002
At least two of Kmart’s landlords say they aren’t overly concerned about the retailer’s troubles. Yet...
Why not place it here!
Jan 24, 2002
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