Kmart cuts IT staff
Jul 11, 2001
Troy, Mich. — Locally based Kmart Corp. recently eliminated 135 positions in its information technology department, one of its largest divisions. The cuts were comprised of 110 employee and 25 contracted technology-related positions and...
Hot Topic’s VP of real estate resigns
Jul 11, 2001
City of Industry, Calif. — Locally based Hot Topic Inc. recently announced that Marc Bertone, vice president of real estate, has resigned from the company, effective July 13, 2001. Betsy McLaughlin, president and CEO, said, "Marc has made a...
Webvan shuts down operations, will file for Chapter 11
Jul 10, 2001
Foster City, Calif. – Locally based Webvan Group Inc. has shut down its online grocery-delivery service and plans to file for Chapter 11 protection within the next two weeks...
Wal-Mart expanding in China
Jul 10, 2001
Bentonville, Ark. – Locally based Wal-Mart Stores Inc. is continuing its expansion in Asia. The company has been operating in China since 1995 and currently has stores in Shenzhen, Guangzhou, Shanghai, Dalian, Fuzhou and Shantou...
June same-store retail sales up 2.4%
Jul 09, 2001
Houston – According to locally based TeleCheck Services Inc., same-store retail sales increased 2.4% over the same period in...
Discounting a possibility for German retailers
Jul 09, 2001
Berlin – The German lower house of Parliament recently voted to abolish laws from the Nazi era that prohibited retailers from...
Gap Inc. to streamline headquarters staffing; revise growth for 2002-2003
Jul 05, 2001
San Francisco – Locally based Gap Inc. recently announced plans to streamline headquarters staffing and improve organizational...
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