Troy, Mich. – Locally based Kmart is resurrecting its signature BlueLight Special discounts, effective immediately. The Specials will occur on the hour every hour at all 2,100-plus of the retailer’s stores and will last about 20 to 25 minutes at a...
Wilkesboro, N.C. – Locally based Lowe’s Cos. plans to open 103 new home-improvement stores in 2001. Of these, 12 will be relocations of its smaller-format stores to big-box locations. Lowe’s also said it will close five to seven under-performing...
Minneapolis – Locally based Supervalu Inc. plans to sell two distribution centers located in Perryman, Md. and Suffield, Conn. to Fleming Cos. Inc. The transaction is expected to close on June 30, 2001 following customary approvals...
Los Angeles – The proposed merger of locally based DMX Music Inc. and Seattle-based AEI Music Inc. was cleared to proceed by the United States Department of Justice. DMX and AEI plan to create a new company that will provide professionally...
San Francisco – Montgomery Ward is auctioning off all of its remaining assets in more than 200 retail stores, Auto Express Centers, 10 distribution centers and its 24-story corporate office in Chicago...
Columbus, Ohio – Locally based Intimate Brands Inc. appointed Tracey Thomas Travis as vice president, finance and CFO. Travis previously served as CFO at Rexam Beverage Can Americas, where she was responsible for accounting, planning and...
Monroe, La. – Dallas based P.O’B. Montgomery & Co. expanded its national holdings with the acquisition of land for the development of Pecanland Commons, a multi-use regional shopping center in Monroe...