New store concept to be tested by Gadzooks
Aug 17, 2001
Dallas – Locally based Gadzooks Inc. recently announced that it will test a new mall-based retail concept this holiday season catering to the unique innerwear and sleepwear needs of females between the ages of 14 and 22...
Spiegel Group names new VP, corporate controller
Aug 16, 2001
Downers Grove, Ill. – The locally based Spiegel Group recently appointed James Pekarek as vice president, corporate controller. Pekarek will be responsible for corporate accounting, financial planning and reporting for The Spiegel Group...
Albertson’s bolsters energy conservation
Aug 16, 2001
Boise, Idaho – Locally based Albertson’s plans to expand its energy conservation program to all of its 2,500-plus grocery and drug stores. The retailer intends to cut its annual energy consumption by 10%...
July same-store retail sales up 2.5%
Aug 15, 2001
Denver – According to data compiled by TeleCheck Services Inc., a subsidiary of locally based First Data Corp., same-store retail sales grew 2.5% in July over the same period in 2000...
Sam’s Club to sell manufactured homes
Aug 15, 2001
Bentonville, Ark. – Sam’s Club, a division of locally based Wal-Mart Stores Inc., has teamed with Fleetwood Enterprises Inc. to sell homes at discounted prices through its stores in nine states. Fleetwood, a manufactured housing company, and Sam’s...
Advanced Auto to buy Discount Auto
Aug 14, 2001
Dunellen, N.J. – Locally based Advanced Auto Parts is spending roughly $267 million in cash and stock to acquire its rival, Lakeland, Fla.-based Discount Auto Parts Inc. The two retailers expect to save nearly $30 million annually through...
Burnham Pacific closes on sale of Olympiad Plaza
Aug 14, 2001
San Diego – Locally based Burnham Pacific Properties Inc. recently closed on the sale of Olympiad Plaza located in Mission Viejo, Calif...
Gap trims work force—again
Aug 13, 2001
San Francisco – One month after locally based Gap Inc. eliminated 1,300 positions, or 10% of its work force, the struggling apparel company now says it will give the pink slip to an additional 790 employees. The job cuts this time will be spread...
Fleming not buying 17 Furrs stores
Aug 13, 2001
Oklahoma City – Locally based Fleming Cos. is exercising its right to reject select stores from the acquisition of Albuquerque, N.M.-based Furrs Supermarkets Inc. Fleming says it will not buy 17 locations in New Mexico and Texas...
Saks Fifth Avenue store to close in White Plains, New York
Aug 10, 2001
Birmingham, Ala. – Saks Inc. recently announced plans to close its 128,000 sq. ft. Saks Fifth Avenue store located in White Plains, New York. The company has reached an agreement to sell the real estate to local retailer, Fortunoff, but will...
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