Chain Store Age Executive Fax articles from February 2002

Chain Store Age Executive Fax archives from February 2002

New stores, new markets.(Brief Article)
February 22, 2002... BI-LO will anchor a shopping center in Charlotte, N.C., set to open in September.... Look for Spencer Gifts to open stores at Queens (N.Y.) Center.... Women's apparel chain Ashley Stewart is opening stores in Queens and Hempstead, N.Y.,...

Wal-Mart, Penney profits surge while RadioShack falters in 4Q.(Brief Article)(Statistical Data Included)
February 22, 2002... A number of retailers released financial data this week for the fourth quarter. For the majority of those companies, earnings, comparable-store sales and total revenues increased when compared with the prior-year period. Leading the pack is...

Dicks 'Sporting' new format for women.(Dick's Sporting Goods opens prototype store)(Brief Article)
February 22, 2002... Dick's Sporting Goods opened a new prototype this past weekend at the Mall of Robinson near Pittsburgh that is nearly double the size of its average store and features more merchandise for women and children. The two-level, 80,000-sq.-ft....

People.(Brief Article)
February 22, 2002... Office Depot elected Brenda Gaines and Bruce Gordon as directors, increasing the number of board members to thirteen. Pamida gave its senior VP of marketing Robert Hafner the added title of general merchandise manager for hard lines. ...

Amazon.Com adds wedding registry.(Brief Article)
February 22, 2002... Not every couple wants silver candlesticks or fine china as a wedding present. Some may prefer DVD players or other nontraditional gifts. That's what Amazon.com is hoping. The e-retailer will soon add a wedding registry to its Web site in...

Limited taps federated exec as CEO.(Brief Article)
February 22, 2002... The Limited Inc. appointed Jeff Sherman as chief executive of its namebrand division, effective March 4. He replaces Rob Bernard, who resigned earlier this month after heading up the 381-store chain for the past five years. Sherman has spent...

Sears Canada converting Eaton stores.(Brief Article)
February 22, 2002... Sears Canada will convert the seven remaining Eaton's department stores it acquired three years ago to its own banner. The retailer says the changeover will help it leverage its buying and advertising efforts. All seven stores (located in...

Judge's decision favors Wal-Mart.(Brief Article)
February 22, 2002... A Supreme Court Justice yesterday overturned a jury's decision from two years ago that found Wal-Mart guilty of stealing trade secrets from a Texas company. In March 2000, Wal-Mart was ordered to pay $50 million to P.O. Market, a company that...

Gart sports. (This Week's Retail News Nuggets).(Will no longer sell clothes manufactured in Myanmar)(Brief Article)
February 22, 2002... Gart Sports will no longer sell clothes manufactured in Myanmar, the Asian country formerly known as Burma, which has been widely criticized for human-rights abuses. The sporting-goods chain decided to block shipments three months after a...

Intimate brands. (This Week's Retail News Nuggets).(Brief Article)
February 22, 2002... Intimate Brands named a three-member committee of independent directors to review an offer from its parent company The Limited Inc.

E-commerce sales. (This Week's Retail News Nuggets).(Brief Article)(Statistical Data Included)
February 22, 2002... On-line retail sales increased 33.3% to $10 billion in the fourth quarter, compared to $7.5 billion in the prior-year period. E-commerce sales for the year rose 19.3% to $32.6 billion, according to a government tally of 11,000 retailers.

Kmart. (This Week's Retail News Nuggets).(Brief Article)
February 22, 2002... Kmart will announce its store closing plans March 11, nine days earlier than it previously had stated.

Carrefour SA. (This Week's Retail News Nuggets).(Brief Article)
February 22, 2002... French retailing giant Carrefour SA denied rumors yesterday that it plans to open stores in Russia. Reports had circulating in Moscow that the retailer would open stores in the capital city and St. Petersburg.

Borders will open stores in Norridge. (New Stores, New Markets).(Book Inventory Systems Inc. to open stores)(Brief Article)
February 15, 2002... This march, Borders will open stores in Norridge, Ill., and Carmel, Ind. Later in the year, the chain will add shops in Evansville, Ind.; Union Gap, Wa""h.; Bolingbrook, Ill.; and Los Angelse.

Cann's Appliances. (New Stores, New Markets).(leases space in San Antonio, Texas)(Brief Article)
February 15, 2002... Cann's Appliances leased space in San Antonio.

The Sharper Image. (New Stores, New Markets).(Sharper Image Corp. to open Wisconsin store)(Brief Article)
February 15, 2002... The Sharper Image opened in Milwaukee at the Mayfair Mall.

Bed Bath & Beyond. (New Stores, New Markets).(to open store in Michigan)(Brief Article)
February 15, 2002... Bed Bath & Beyond will open a shop at Jackson (Mich.) Crossings.

Freed's Fine Furnishings. (New Stores, New Markets).(to open in Arizona)(Brief Article)
February 15, 2002... Freed's Fine Furnishings will open in Sun City Ariz.

Barnes & Noble. (New Stores, New Markets).(Barnes and Noble Inc. opening stores in North Carolina, Arizona, and Tennessee)(Brief Article)
February 15, 2002... Barnes & Noble is building stores in Scottsdale, Ariz.; Summerlin, Nev.; Johnson City, Tenn.; and Raleigh, N.C.

Petco will cut the ribbon. (New Stores, New Markets).(Petco Animal Supplies Inc. to open in Michigan and Texas)(Brief Article)
February 15, 2002... Petco will cut the ribbon next weekend in Midland, Mich., and Temple, Texas.

99 Cents Only Stores. (New Stores, New Markets).(open in Nevada and California)(Brief Article)
February 15, 2002... 99 Cents Only Stores opend in Summerlin, Nev., and Visalia, Calif.

Famous Footwear. (New Stores, New Markets).(leases space in Pennsylvania)(Brief Article)
February 15, 2002... Famous Footwear leased space in Cranberry Township, Pa.

Sears will add a shop in Henderson. (New Stores, New Markets).(Sears, Roebuck and Co. opens Arizona shop)(Brief Article)
February 15, 2002... Sears will add a shop in Henderson, Nev., next weekend. One week later, it will open in Prescott, Ariz.

Cato opens next week in Gooddettsville. (New Stores, New Markets).(Brief Article)
February 15, 2002... Cato opens next week in Gooddettsville, Tenn., and Mexia, Texas.

Curious Closet. (New Stores, New Markets).(Columbia, South Carolina)(Brief Article)
February 15, 2002... Women's apparel chain Curious Closet leased space in Harbison Court in Columbia, S.C.

KJ Furniture Wholesale. (New Stores, New Markets).(Brief Article)
February 15, 2002... KJ Furniture Wholesale will open in Addison, Ill.

Early indicators show February comps on track for 2.7% increase.(comparable-store sales)(Brief Article)(Statistical Data Included)
February 15, 2002... Retail comparable-store sales are on the rise again, increasing 2.1% for the week ended Feb. 9, compared with the previous week. When measured against the similar period last year, comps were up 4.1%, according to the Bank of...

Kmart gets nod to pay more vendors.(bankruptcy courts grant permission to pay vendors)(Brief Article)(Statistical Data Included)
February 15, 2002... Asking the bankruptcy courts for permission to pay its vendors is getting to be a habit with Kmart. This week, the discount chain received permission from the court to pay more of its key vendors, this time liquor distributors and other...

Gap already discounting spring gear.(in store for under 10 days)(Brief Article)
February 15, 2002... The new spring line of clothing from Gap Inc. has been on the shelves for less than 10 days, and already, the apparel giant is offering discounts to consumers at two of its three chains. Gap e-mailed coupons to its registered on-line shoppers...

The Home Depot. (People in the News).(Robert DeRodes appointed information technology vice president and chief information officer)(Brief Article)
February 15, 2002... The Home Depot appointed Robert DeRodes as executive VP of IT, CIO. He recently was CIO of Delta Air Lines....

PETsMART appointed David Quinn. (People in the News).(appointed distribution senior vice president)(Brief Article)
February 15, 2002... PETsMART appointed David Quinn senior VP of distribution....

Bebe stores. (People in the News).(John Keyes appointed chief administrative officer and chief financial officer)(Brief Article)
February 15, 2002... bebe stores named John Keyes CFO and chief administrative officer, effective March 4.

New Riggio is head of Barnes & Noble.(Stephen Riggio appointed chief executive officer)(Brief Article)
February 15, 2002... Barnes & Noble appointed Stephen Riggio as its new chief executive. He replaces his brother Leonard Riggio, who will remain chairman of the board and continue to oversee strategic initiatives. Stephen Riggio joined the chain in 1975 and has...

Founder of body shop steps down.(Anita and Gordon Roddick)(Brief Article)
February 15, 2002... The Body Shop founder Anita Roddick and her husband, Gordon, stepped down as co-chairmen of the company's board of directors. They will continue to serve as non-executive directors. Adrian Bellamy, a director of the chain, was appointed...

Walgreens changing cigarette policy.(investigation shows Walgreen's fails sales regulations)(Brief Article)(Statistical Data Included)
February 15, 2002... After an undercover sting operation revealed that Walgreens had a poor record in halting sales of cigarettes to minors, the chain says it will change its corporate policy toward tobacco sales and will implement a training program for its...

Bid adieu to traditional supermarkets?(Cap Gemini Ernst and Young reports study findings)(Brief Article)
February 15, 2002... The conventional supermarket as it has been known for the past 40 or so years is near extinction. Now up at bat are four primary types of food retailing: supercenters; modern supermarkets with more special services; discount chains; and...

Limited's 'intimate' offer is criticized.(Limited meets opposition in endeavor to own Intimate Brands subsidiary)(Brief Article)(Statistical Data Included)
February 15, 2002... It appears not everyone wants The Limited Inc. to completely own its Intimate Brands subsidiary, which operates the Victoria's Secret, Bath & Body Works and White Barn Candle Co. chains. Shareholders of Intimate Brands say that Limited's...

The Children's Place. (This Week's Retail News Nuggets).(plans to acquire store leases and assets from Au coin des Petits/Young Canada)(Brief Article)
February 15, 2002... The Children's Place is spending an undisclosed sum to acquire 23 store leases in Quebec (12) and Ontario (11), and certain other assets from Au Coin des Petits/Young Canada, the children's division of Comark Inc. The retailer plans to...

Federated Department Stores says it has received a formal offer for Fingerhut. (This Week's Retail News Nuggets).(Brief Article)(Statistical Data Included)
February 15, 2002... Federated Department Stores says it has received a formal offer for Fingerhut, its catalog and e-commerce division. Federated is reported to be asking roughly $1.2 billion for Fingerhut, a markdown price from the $1.7 billion it spent three...

TJX Cos. And Capital One Financial Corp. (This Week's Retail News Nuggets).(introduces TJX Visa card)(Brief Article)
February 15, 2002... TJX Cos. And Capital One Financial Corp. have launched a new co-branded TJX Visa card....

Sunglass manufacturer Oakley. (This Week's Retail News Nuggets).(opens in-store locations in Macy's stores)(Brief Article)
February 15, 2002... Sunglass manufacturer Oakley will open in-store shops in five Macy's stores by May 2002. Oakley staff specialist will work the counters. The initial five locations will be in Los Angeles; Honolulu; and San Francisco, Santa Clara and Costa...

Wal-Mart is looking to beef up its urban presence. (This Week's Retail News Nuggets).(plans new store in Chicago's South Side)(Brief Article)
February 15, 2002... Wal-Mart is looking to beef up its urban presence by adding a supercenter in Chicago's South Side. It hopes to open by 2004.

New Stores, New Markets.(retail industry news briefs)(Brief Article)
February 8, 2002... Albertson's will anchor Westridge Village, located in Valencia, Calif. The shopping center is expected to open in summer 2003.... Best Buy will add a store next month in San Jose, Calif.... Ann Taylor will open seven namebrand stores and 38...

January comps above forecast, rise 5.2% after aggressive sales.(Brief Article)(Statistical Data Included)
February 8, 2002... The worst may have passed for the retail industry, but that does not necessarily mean there won't be some setbacks in the future months. Retail comparable-store sales increased 5.2% in January, according to the Bank of Tokyo-Mitsubishi's...

People in the news.(Brief Article)
February 8, 2002... Barnes & Noble.com named Marie Toulantis CEO and Kevin Frain CFO.... Office Depot named Samuel Mathis VP of diversity.... Linda Knapp was appointed VP, general merchandise manager of mishmash, a unit of Too.... Advance Auto Parts elected...

Kmart changes field structure.(Brief Article)
February 8, 2002... Kmart restructured its field organization into five separate operating divisions, including four geographic areas, compared to the previously operated six geographic areas. Kmart's divisions are now divided into the following categories:...

Limited stores CEO/president resigns.(Rob Bernard)(Brief Article)
February 8, 2002... After roughly five years as the head of Limited Inc.'s namebrand division, Rob Bernard has stepped down from his titles of chief executive and president. Bernard joined the company in 1996 as president and chief executive of the now-defunct...

Value City won't sell three subsidiaries.(to Schottenstein Stores Corp.)(Brief Article)
February 8, 2002... Value City Department Stores is no longer interested in selling three of its subsidiaries to an investment firm owned by its founding family, Schottenstein Stores Corp. Last August, Schottenstein bid $275 million to acquire Shonac Corp.. DSW...

Shopping at supercenters on the rise.(according to survey from WSL Straegic Retail)(Brief Article)
February 8, 2002... More and more consumers are shopping at supercenters. according to a national study by WSL Strategic Retail titled "How America Shops 2002, the Overstuffed Consumer." Fifty percent of those surveyed say they now shop at supercenters, up from...

This week's retail news nuggets.(Brief Article)
February 8, 2002... Wal-Mart Puerto Rico will acquire Supermercados Amigo, which operates 35 stores and is the leading grocer on the island.... Eckerd has denied wrongdoing in a Florida class-action suit that allege it based prescription prices on rounded-up...

Phase two of Westfield shoppingtown Valley Fair in San Jose, Calif. (New Stores, New Markets).(California)(Brief Article)
February 1, 2002... Phase Two of Westfield Shoppingtown Valley Fair in San Jose, Calif., will feature Williams-Sonoma, Banana Republic, Coldwater Creek, A Pea in the Pod, Hugo Boss, Abercrombie & Fitch, abercrombie, Adrienne Vittadini, Club Monaco, J. Jill,...

Kohl's. (New Stores, New Markets).(Kohl's Department Stores Inc.)(Massachusetts, US)(Brief Article)
February 1, 2002... This April, Kohl's will add stores in Burlington, Milford, Chelmsford, Hingham, North Andover, Medford, Pembroke, Walpole and Woburn, Mass. It also is adding locations in Nashua, Newington, Plaistow and Salem, N.H.

Walmart opened its 500th Sam's Club location this week in Fort Worth, Texas. (New Stores, New Markets).(Fort Worth, Texas)(Quebec, Canada)(Wal-Mart Stores Inc.)(Wal-Mart Canada Inc.)(Brief Article)
February 1, 2002... Wal-Mart opened its 500th Sam's Club location this week in Fort Worth, Texas. Also, Wal-Mart Canada added stores in Quebec in the cities of St. Constant, Valleyfield, Lasalle, Rosemere and Quebec City.

Ralphs Grocery. (New Stores, New Markets).(Bakersfield, California)(Brief Article)
February 1, 2002... Ralphs Grocery opened a combination supermarket/fuel center in Bakersfield, Calif.

The Vitamin Shoppe. (New Stores, New Markets).(Princeton, New Jersey)(Brief Article)
February 1, 2002... The Vitamin Shoppe opened its 100th store nationwide in Princeton, N.J.

Lowe's. (New Stores, New Markets).(Arizona, US)(Brief Article)
February 1, 2002... Lowe's is coming to Goodyear, Ariz.

Paul Harris. (New Stores, New Markets).(Kokomo, Indiana)(Brief Article)
February 1, 2002... Paul Harris is opening in Kokomo, Ind., on Feb. 14.

CVS. (New Stores, New Markets).(Arizona, US)(Brief Article)
February 1, 2002... CVS will open in Phoenix and Gilbert, Ariz.

Toys 'R' Us closing 64 locations, new concepts to spur growth. (New Stores, New Markets).(Brief Article)(Statistical Data Included)
February 1, 2002... Toys "R" Us chairman and chief executive John Eyler trusts that two of the company's formats will help it reclaim the title of leading toy retailer, a position it lost to Wal-Mart a few years back. Eyler is banking on Toys "R" Us' "Mission...

Vendors resume shipments to Kmart. (New Stores, New Markets).(Fleming Companies Inc.)(Handleman Co.)(Brief Article)(Statistical Data Included)
February 1, 2002... Fleming and a handful of other vendors resumed shipments under normal terms to Kmart this week, one week after it filed for bankruptcy. Fleming and Handleman Co., the company's music supplier, were named "critical vendors" by the court and...

People in the News.(includes multiple appointments)(Brief Article)
February 1, 2002... Good Guys appointed David Carter as its acting CFO. Gap elected Mayo Shattuck to its board of directors. Wal-Mart Canada promoted Mario Pilozzi to president and chief executie He most recently served as COO. John Rossler was...

Two registrations at Amazon Europe.(executives step down)(Brief Article)
February 1, 2002... Amazon.com may have finally found a way to make a profit, but it apparently is having trouble retaining executives. Phillip Humm has stepped down as VP of Amazon Europe. The move comes a few days after Georges Aoun, the CEO of Amazon's French...

Charming shoppes closing 207 stores.(Brief Article)
February 1, 2002... In an effort to focus on its more productive Lane Bryant division, Charming Shoppes will shutter a total of 207 stores and close down one of its plus-size women's apparel divisions. The retailer will dose its. Added Dimensions/Answer...

Penney changes corporate structure.(to holding company format)(Brief Article)
February 1, 2002... In a move some analysts predict will foreshadow the spin off or sale e of Eckerd, J.C. Penney changed its corporate structure to a holding company format, effective immediately. The retailer, which will now be known as J.C. Penney Corp., has...

7-Eleven outlines growth initiatives.(Brief Article)
February 1, 2002... Convenience-store retailer 7-Eleven is taking on a trio of initiatives in an effort to increase profitability and become more competitive. The chain will promote new menu offerings, improved packaging and higher quality to better compete...

Gateway Country. (This Week's Retail News Nuggets).(to close 19 stores)(Brief Article)
February 1, 2002... Gateway will close 19 of its 296 Gateway Country stores and cut 2,250 jobs, roughly 16% of its work force.

Payless ShoeSource. (This Week's Retail News Nuggets).(to close 37 namebrand stores)(Brief Article)
February 1, 2002... Payless ShoeSource will close 37 namebrand stores and 67 stores that operate under the Parade banner.

Good Guys. (This Week's Retail News Nuggets).(Brief Article)
February 1, 2002... Good Guys is in discussion with one of its landlords that could result in one store slated for closure remaining open and operating profitably.

McCrory Corp. (This Week's Retail News Nuggets).(auction for distribution center)(Brief Article)
February 1, 2002... An auction for McCrory Crop.'s disstribution center, office equipment and other assets will take place on Feb. 12

Wal-Mart. (This Week's Retail News Nuggets).(tests Kid Connection candy-store concept)(Brief Article)
February 1, 2002... Three Wal-Mart supercenters in Utah (2) and Oklahoma are testing a candy-store concept title Kid Connection that features production from 15 to 30 vendors.

Kmart. (This Week's Retail News Nuggets).(denies planning to close 700 stores)(Brief Article)
February 1, 2002... Kmart denied a report in The Detroit News that said the retailer has targeted 700 stores for closure.

RadioShack. (This Week's Retail News Nuggets).(acquires land for new corporate headquarters)(Brief Article)
February 1, 2002... RadioShack acquired a 23-acre parcel of land in Fort Worth, Texas, on which it will build its new corporate headquarters.