DSN Retailing Today articles from March 2003

DSN Retailing Today archives from March 2003

OfficeMax and profit: strangers no more.
March 24, 2003... SHAKER HEIGHTS, OHIO -- The country is on the verge of war, consumer confidence is weak and businesses aren't spending money Just don't tell OfficeMax. The company recently reported results for a fiscal year in which across-the-board...

Kohl's carves out serious square footage in Southwest.
March 24, 2003... MENOMONEE FALLS, WIS.--Kohl's may have wowed the Southern California retail landscape with its 28-store grand opening frenzy--the largest simultaneous launch in company history--but its entry into the greater Orange County market is only one...

Sears to go off the mall: stand-alone store to open in 3Q.
March 24, 2003... HOFFMAN ESTATES, ILL. -- Much of the attention toward Sears of late has been on the state of its credit card business, which contributes roughly 60% of the bottom line. But the company's main business is still in merchandise, and to underline...

Is Kohl's to blame if Today's Man does not see tomorrow?
March 24, 2003... MOORESTOWN, N.J. -- The repercussions of Kohl's success is that market share doesn't come out of thin am In its quest to blanket the nation with casualwear superstores, Kohl's has taken share from numerous retailers, with the latest apparent...

Kmart's Day: last man standing; multitasking ceo is now sole voice of once-mighty merchant.
March 24, 2003... NEW YORK -- The new man behind Kmart's future may face one of the highest stress levels in all of retailing, yet a Casual observer wouldn't be able to tell by listening to the no-nonsense, sincere tone of this ceo and his basics approach. ...

The little discounter that could: fred's breaks $1B.
March 24, 2003... MEMPHIS, TENN. -- Southeast regional Fred's broke $1 billion in sales for the first time, capping off a strong fiscal year that delivered growth rates outperforming all of its discount industry rivals, even that of behemoth Wal-Mart. ...

Boston seafood show puts idle economy on ice: bustling floor buzzes with talks of tilapia, convenience imperative still reigns.
March 24, 2003... BOSTON -- The Boston Seafood Show, held March 11 to 13 at the Hynes Convention Center, demonstrated that suppliers are addressing the demands of retailers for easier-to-prepare products. Italian and Oriental seafood-based specialties proved...

Costco takes the good news with the bad.
March 24, 2003... ISSAQUAH, WASH. -- Doing business in California has its good points and drawbacks and Costco Corp. experienced both the first two months of this year. California stores helped the chain post a 4% increase in same-store sales in its second...

Michaels to open scrapbooking stores. (Market Watch).(Brief Article)
March 24, 2003... Michaels Stores, Inc. announced that it will launch a new scrapbooking retail business this summer. The stores, to be known as Recollections, will provide merchandise and accessories in a community learning environment to assist crafters with...

Ahold names interim CFO. (Market Watch).(Dudley Eustace )(Brief Article)
March 24, 2003... Dutch retailer Ahold has named Dudley Eustace as interim cfo. Eustace succeeds Michael Meurs, who resigned last month when the company revealed that earnings at its U.S. Foodservice units had been inflated by at least $500 million.

Shopko figures reveal a struggling Pamida. (Market Watch).(Brief Article)
March 24, 2003... ShopKo Stores' Pamida division continued to struggle in 2002. For the year ended Feb. 1, Pamida sales were down 6.1% to $784 million. Annual comps at the division dropped 4.8%, which drove down consolidated comps by 2.0% (at the ShopKo...

OSHA and IMRA join forces to assist workers. (Market Watch).(Occupational Safety and Health Administration and International Mass Retail Association form alliance)(Brief Article)
March 24, 2003... The International Mass Retail Association (IMRA) and the Occupational Safety and Health Administration (OSHA) agreed to form an alliance in order to foster safer and more healthful American workplaces. OSHA and IMRA will address ergonomic...

Clarification. (Market Watch).(Correction Notice)
March 24, 2003... The headline for a item on page 4 of the March 10 issue of DSN Retailing Today misstated the relationship between Target Corp. and DSN Retailing Today, the planners of an upcoming marketing event entitled "Targeting Target." The event, which...

Kroger Co. (Financials).(Brief Article)
March 24, 2003... Kroger Co. reported higher quarterly earnings and said profit this year would be a few cents lower than analysts' initial estimates. Kroger reported that net income rose to $381 million, or 50 cents per share, for fourth quarter ended on Feb....

The Sports Authority, Inc. (Financials).(Brief Article)
March 24, 2003... The Sports Authority, Inc. reported that for 4Q ended Feb. 1, net income amounted to $52.9 million or $1.56 per diluted share versus $15.6 million or $0.47 per diluted share for the comparable period last year.

BJ's tightens focus on retail consumer member.
March 24, 2003... NATICK, MASS -- BJ's share price plummeted after the company announced net income guidance of $1.25 to $1.35 per diluted share--versus a First Call analyst average of $1.71 a share--for the current fiscal year. Michael Wedge, the company's...

Nielsen conference gauges consumer mindset.(Consumer 360 Conference )
March 24, 2003... PHOENIX -- Wal-Mart's move into urban markets and the prospects of an economic recovery in 2003 were some of the topics analysts touched on at the Consumer 360 Conference in Phoenix. More than 1,000 retailers and manufacturers turned out for...

Ahold reputation may be irreparable. (Editorial).(Editorial)
March 24, 2003... In the aftermath of Enron, Worldcom and several other well-known companies, it's hard to fathom that there is yet another accounting scandal ripping through the heart of a well-respected global retail conglomerate. In less than four...

Spin is retail's most dangerous game. (Viewpoint).(Column)
March 24, 2003... On a recent flight from Bentonville to New York (by way of Tulsa and Atlanta) I struck up a conversation with a Delta pilot who happened to be flying coach en route to his next assignment. (Why Delta makes its pilots fly coach--as intriguing...

As lawsuits mount, now is the time to clarify FMLA's cloudy rules. (Guest Column).(Column)
March 24, 2003... At last, there's a consensus, of sorts here in Washington. Republicans and Democrats, Liberals and Conservatives all agree on the need to overhaul the Family and Medical Leave Act (EMLA). But, that's where the consensus stops. There's no...

Vertical food formats begin to reveal viability. (Special Report: Ethnic Marketing).
March 24, 2003... Ethnic supermarkets, once considered an insignificant niche by mainstream retailers, have become a hot trend due to the growth of some minority groups and the ability of these stores to generate significantly higher sales. Grabbing most...

Entertainment assortments take cue from culture shift. (Special Report: Ethnic Marketing).
March 24, 2003... Mass retailers across all categories received a wake up call recently when U.S. Census figures showed the Hispanic community is now the largest and fastest-growing ethnic group in the country. Residents with ethnic ties to Mexico, Puerto Rico...

Academy Sports & Outdoors. (Retailer News).(opened store in New Orleans suburb)(Brief Article)
March 24, 2003... Residents of Slidell, La., don't have to drive across the 26-mile Lake Ponchatrain bridge to visit an Academy Sports & Outdoors store following the recent opening of an Academy store in the suburb north of New Orleans. Prior to the new store...

Bauer Nike Hockey. (Supplier News).(Chris Zimmerman is named CEO )(Brief Article)
March 24, 2003... Eight-year Nike veteran Chris Zimmerman was named ceo of the Bauer Nike Hockey division. Zimmerman has been with Nike for eight years, most recently serving as general manager of Nike Golf. He has also served as Nike's U.S. advertising...

Physical Education for Progress. (Supplier News).(Program gets more funding)(Brief Article)
March 24, 2003... Phys ed. got a modest boost as funding for the Physical Education for Progress program was increased to $60 million in 2003. That's up from $50 million in 2002 and just $5 million in 2001, the year the program began. The money is used to help...

Vintage jerseys. (What's Hot).(Brief Article)
March 24, 2003... Throwback jerseys donning decades' old pro team logos and the names of retired hall-of-famers became the hot trend last year as rappers wore them in videos and high-profile athletes wore them for press conferences. The exposure made the...

Team sports ride '90s on the pine. (Hardlines).
March 24, 2003... Growing sales in the various categories that comprise team sports continues to present a challenge for retailers as a steady decrease in the number of participants hinders demand for merchandise. An annual survey by the Sporting Goods...

Deflation treads on footwear. (Hardlines).(Brief Article)
March 24, 2003... Consumers put their foot down on the prices they paid for athletic shoes last year, causing deflation in the category and hindering same-store sales growth at sporting goods and athletic footwear retailers. The average price paid for a...

Rollerblade brand skates over to Tecnica. (Hardlines).(Brief Article)
March 24, 2003... Italy's Benetton Group reached an agreement to sell its Rollerblade business to the Tecnica Group, the same company that recently acquired Benetton's Nordica brand. The announcement came one month after a deal involving the sales of...

Accessory Network. (Vendor News).(Brief Article)
March 24, 2003... Accessory Network is getting more urbane than ever with its new JNCO license. Based on the hip JNCO young men's and boys apparel offerings, the new line of accessories, including fashion and cold weather headwear, CD cases, bags and wallets,...

Kellwood. (Vendor News).(reports 2002 sales)(Brief Article)
March 24, 2003... Kellwood's mid-2002 acquisition of Gerber Childrenswear is proving successful, driving 12% growth for the company in 4Q 2002. An additional 6% of sales came from existing businesses, including the company's production of Sag Harbor, Emme and...

Burlington Industries. (Vendor News).(is seeking bidders)(Brief Article)
March 24, 2003... Burlington Industries is on the auction block. The softgoods manufacturer is seeking bidders on its bankrupt business. Its goal is to exit Chap. 11 by the end of summer.

Femmy Awards Gala. (Industry News).(intimate apparel award winners)(Brief Article)
March 24, 2003... Kohl's intimates buyer, Phyllis Gorell, was honored at the recent Femmy Awards Gala, held by Underfashion Club Inc. at the Waldorf-Astoria in New York. The event, held by and for those in the intimates industry, honored 2002's best and...

Juniors jeans. (What's Hot).(Brief Article)
March 24, 2003... In standard or plus-sizes, juniors jeans continue performing phenomenally. Denim has driven sales at stores across the retail spectrum for the past two years, from specialty retailers such as Forever 21 to mass retailers like Wal-Mart. Mark...

Mass stealing thunder from plus specialists. (Apparel & Accessories).
March 24, 2003... Every few years, merchants are faced with a retailing riddle--and the latest has surfaced in women's apparel. In what could be called the paradox of plus, specialty retailers are scratching their heads as they witness the average size of...

OshKosh to add adult lines. (Apparel & Accessories).( OshKosh B'Gosh)(Brief Article)
March 24, 2003... More than 100 years old, OshKosh B'Gosh has been seeking new ways to expand business for some time, and adding new lines and categories such as women 's wear is the next frontier. First off, the once department-store-only children's wear...

Trendy plus-size teens make retro brands hot. (Apparel & Accessories).(Brief Article)
March 24, 2003... Juniors apparel has rebelled against the sluggish sales trends evident in missy plus sizes. Vendors that formerly catered exclusively to the 1-13 standard juniors range are successfully expanding into sizes 15, 17, 19 and beyond. "Today,...

Spartan Stores. (Retailer News).(to close 13 of its 39 Food Town grocery stores)(Brief Article)
March 24, 2003... Spartan Stores will close 13 of its 39 Food Town grocery stores in the greater Toledo, Ohio, market. As for the remaining 26 stores, the company will either sell those units or convert some to other formats.

Chiquita Brands International. (Vendor News).(selling Chiquita Processed Foods to Seneca Foods )(Brief Article)
March 24, 2003... Chiquita Brands International has finalized a deal to sell its vegetable canning subsidiary, Chiquita Processed Foods, to Seneca Foods for $125 million. Separately, Seneca will sell four of the 12 acquired Chiquita facilities to Lakeside...

Pepsi and Coca-Cola. (Vendor News).(Brief Article)
March 24, 2003... Beverage rivals Pepsi and Coca-Cola are turning up the heat with new product launches later this spring. Coke will debut a tropical-flavored Sprite variation called Remix in late spring. Pepsi, meanwhile, on Memorial Day will launch an...

Stouffer. (Vendor News).(new varieties of Lean Cuisine launched)(Brief Article)
March 24, 2003... Three new varieties of Stouffer's Lean Cuisine featuring Asian-inspired recipes launched earlier this month. Sesame Beef, Orange Beef and Chicken with Almonds were added at the same time Nestle improved its formulation on existing oriental...

The Food and Drug Administration. (Industry News).(Brief Article)
March 24, 2003... The Food and Drug Administration has proposed a rule regulating dietary supplements that would establish standards to ensure that supplements are free of contaminants and also require accuracy in labeling. If approved, the rule will be phased...

Candy to go. (What's Hot).(Brief Article)
March 24, 2003... Bite-sized candy for on-the-go snacks continues to gain popularity even four years after the launch by Hershey of its revolutionary Bites candy line. Hershey Foods Corp. in December unveiled its next-generation portable candy called...

Candy merchants stretch out seasons. (Food & Consumables).
March 24, 2003... Seasonal candy, which accounts for some 35% of confectionery sales, is gaining a reputation as a testing ground for new products and a means for companies to extend sales of their everyday brands with limited edition offerings. Though...

Peeps hatch new opportunities. (Food & Consumables).(Brief Article)
March 24, 2003... Just Born has gotten a lot of mileage out of a marshmallow-shaped yellow chick. The expansion of the Peep beyond Easter demonstrates how creativity can grow a seasonal business into a year-round venture. The original Peep has evolved into...

Boxed-candy sweet spot evades mass brands. (Food & Consumables).(Brief Article)
March 24, 2003... Sales of boxed chocolates as gifts have shifted from value-priced brands toward upscale and imported lines as consumers become more discerning in their tastes. Everyday brands, such as Whitman's and Russell Stover, are primarily sold at...

Lechters. (Retailer News).(asks to have its bankruptcy case dismissed )(Brief Article)
March 24, 2003... Former kitchenware retailer Lechters, which filed for Chapter 11 in May 2001 and finished going-out-of-business sales at its stores in December 2001, has asked the court for permission to pay only administrative and secured claims and dismiss...

Martha Stewart Living Onmnimedia. (Vendor News).(Brief Article)
March 24, 2003... Earlier this month, Martha Stewart Living Onmnimedia announced that for the three months ending Dec. 31, the company lost $2.0 million, or 3 cents per share, in contrast to a profit of 5.7 million, or 13 cents per share, in 2001. The results...

The Vacuum Cleaner Manufacturers Association. (Industry News).(has changed its eligibility requirements)(Brief Article)
March 24, 2003... The Vacuum Cleaner Manufacturers Association has changed its eligibility requirements. Now companies are eligible for membership if they market or manufacture their vacuums in North America and if they make residential or commercial products....

Gabriel Brothers. (Executive News).(appointed Cathy Mucha to domestics and gifts buyer)(Brief Article)
March 24, 2003... Gabriel Brothers has named Cathy Mucha to domestics and gifts buyer for its Gabriel Brothers Stores and Rugged Wearhouse divisions.

Tilia International Inc. (Executive News).(adds Mila Martin and Sally Ann Savin to its marketing staff)(Brief Article)
March 24, 2003... Tilia International Inc., maker of home vacuum packaging equipment, made two additions to its marketing staff. Mila Martin joined Tilia in a newly created position, director of consumer research. Sally Ann Savin joined the company as senior...

Baking in style. (What's Hot).(Advertisement)
March 24, 2003... In the world of home goods product development, ergonomics has played a key role in rewriting the relationship of form and function, and nowhere has that taken on more manifestations than in kitchen goods, especially utensils. Borrowing a...

A mixing of labels caters to dining trends. (Tabletop Update).
March 24, 2003... Trends in tabletop have coalesced to favor middle-market retailers over their more upscale brethren. Price, fashion and collections all have been driving product development and making the category more dynamic than ever. And while vendors...

New designers coming to dinner. (Home Goods & Housewares).(Brief Article)
March 24, 2003... Collections like MSE started out as vendor-driven initiatives, but retailers saw their utility and the advantage of providing easily coordinated product lines to consumers who were not confident about making their own decorating choices. Now...

New Target Web site raises bar in home. (Home Goods & Housewares).(Brief Article)
March 24, 2003... Since the recent merger of operations at Target.com, the corporation's new consolidated Web site is making a name for itself for its depth of product--most notably in trend-right home goods. Its wide range of merchandise is exemplified by the...

Best buy. (Retail News).(teams with Microsoft Corp. on Networked Home Solutions service)(Brief Article)
March 24, 2003... The promise of the connected home is slowly becoming more realized as retailers increasingly promote networking and home installation services. In February, Best Buy teamed up with Microsoft and several builders in the Minneapolis area to...

Cablevision. (Retail News).(sells The Wiz to GBO Electronics Acquisition)(Brief Article)
March 24, 2003... Cablevision announced the sale of The Wiz, in a stock sale transaction, of substantially all of the retail chain's assets, liabilities and obligations to GBO Electronics Acquisition. Liquidation sales are imminent.

Hyundai Electronics. (Vendor News).(will launch new consumer electronics products in U.S.)(Brief Article)
March 24, 2003... A new electronics manufacturer is launching in the United States from an unexpected source. Hyundai Electronics, a division of Hyundai Corp., is releasing a new line of 40 products, including portable audio players and TVs.

Tweeter Home Entertainment. (Executive News).(Dave Malin promoted to vp)(Brief Article)
March 24, 2003... Tweeter Home Entertainment has promoted Dave Malin to vp, home audio. Malin is a 17-year veteran of the retail company, who started on the sales floor while attending college. He will oversee all home audio purchasing, including customer...

DLP TV. (What's Hot).(Digital Light Processing)(Brief Article)
March 24, 2003... Plasma and LCD maybe the current hot property among display units, but there is another technology stepping into center stage: Digital Light Processing. Texas Instruments created DLP in 1996, and DLP-based products have previously been...

Tier-two brands pine for, and get, attention. (CE Update).(consumer electronics)
March 24, 2003... Consumer Electronics is a category typically dominated by established powerhouse brands. Sony. Sharp. Samsung. Apex. Apex? While that last name may come as a surprise, the popularity and success of second-tier brands in all retail...

Home photo printing takes off. (CE & Entertainment).(Brief Article)
March 24, 2003... The humble printer is moving out of the office supply aisle and into a much more prominent spot alongside one of the hottest CE products--digital cameras--as digital output received increased attention at the Photo Marketing Association's...

DVD promo.(10 most heavily promoted titles)(Brief Article)(Illustration)
March 24, 2003... DVD PROMO THE TEN MOST HEAVILY PROMOTED * SELL-THROUGH VIDEO TITLES AT MASS + FOR THE PERIOD OF 2/1 THROUGH 2/28/2003 TITLE/STUDIO NO. OF ADS MY BIG FAT GREEK WEDDING 36...

Sports Authority deal marries regional giants.(The Sports Authority and Gart Sports merge)
March 10, 2003... NEW YORK -- The recently announced merger of The Sports Authority and Gart Sports makes so much sense, on paper anyway, that it was inevitable the companies would get together. The combination creates the sporting goods industry's first truly...

Target springs into season with openings.(opens 28 new stores)
March 10, 2003... MINNEAPOLIS -- Target greeted spring in its traditional fashion, bowing 28 new stores this week and announcing a pending partnership with yet another designer, Isaac Mizrahi, with plans for a new line of apparel, accessories and shoes coming...

Royal Ahold dismisses top brass: questionable accounting claims force board's hand.
March 10, 2003... ZAANDAM, NETHERLANDS -- Royal Ahold has fired its ceo and cfo after its accountants found irregularities in an audit of the company's 2002 results. The central issue regards vendor allowances at Ahold's U.S. Foodservice division. The...

FAO softens Chapter 11 news, pens in-store boutique deal at Saks.
March 10, 2003... NEW YORK--As it preps to shutter a slew of store locations, FAO Inc. sees future sales growth through the brass keyhole of fellow upscale retailer Saks Inc. In a move much like KB Toys' partnership with Sears, FAO and Saks have inked a...

Air mattress buoys Select Comfort results.
March 10, 2003... MINNEAPOLIS -- Select Comfort has made a strong turnaround, in part by proving consumers will pay big bucks if you can promise them a better night's sleep. The company, which started off as a phone-order business, has rapidly added retail...

DSNRT and Target team up for retailing workshop.(DSN Retailing Today)(Brief Article)
March 10, 2003... NEW YORK -- DSN Retailing Today has announced the launch of a new seminar entitled "Targeting Target." This two-day event, which will be held in Minneapolis on two separate occasions-April 15 and 16; and November 18 and 19-starts with an...

Feds indict former Kmart execs: alleged accounting errors could put merchants behind bars.
March 10, 2003... DETROIT -- With the indictments last month of two former Kmart executives on securities fraud charges, evidence continues to mount that a conspiracy to deliberately inflate Kmart's earnings preceded its bankruptcy filing. The inquiry...

After 40 years, Pier 1 opens 1,000th store.
March 10, 2003... FORT WORTH, TEXAS -- The opening of Pier 1 Imports' largest store last month in a suburb of Las Vegas capped off a record year of achievements for this Texas-based home furnishings chain that included reaching 1,000 stores after 40 years. ...

Reporter's notebook: company executes promise to purge.(Kmart appears in bankruptcy court)
March 10, 2003... CHICAGO -- Kmart appeared in bankruptcy court for its Omnibus hearing on Feb. 25 and began pointing fingers at former management even as it sought approval for its disclosure statement and amended plan of reorganization filed that morning....

Superlatives barely capture scope of Wal-Mart performance.(Wal-Mart contineus to perform well)
March 10, 2003... BENTONVILLE, ARK. -- A headwind continues to blow in the face of the retail industry this year, but that won't keep Wal-Mart from turning in a good performance, according to ceo Lee Scott. Of course, in the world in which Wal-Mart...

RadioShack elects three new directors. (Market Watch).( Robert Falcone, Dan Feehan and H. Eugene Lockhart)(Brief Article)
March 10, 2003... FORT WORTH, TEXAS. -- RadioShack recently announced that its board of directors has elected three new directors: Robert Falcone, Dan Feehan and H. Eugene Lockhart. These appointments follow the retirements of Lewis Kornfeld Jr., Alfred Stein...

Mattel to consolidate brands. (Market Watch).(to combine its girls and boys units and cut 10 executive positions)(Brief Article)
March 10, 2003... EL SEGUNDO, CALIF. -- Mattel Inc. has announced that it will combine its girls and boys units and cut 10 executive positions, or about 5% of its managerial staff. The company is consolidating the units into a global division called Mattel...

Kroger to increase self-checkouts. (Market Watch).(Brief Article)
March 10, 2003... CINCINNATI -- Kroger is looking to expand its self-checkout systems in 2003 and has purchased an additional 350 U-Scan self-checkout systems from Optimal Robotics Corp. The self-checkout systems have already been installed in more than 1,400...

FAO gets ok to close 14 outlets. (Market Watch).(FAO Inc.)(Brief Article)
March 10, 2003... KING OF PRUSSIA, PA. -- FAO Inc., which filed for Chapter 11 bankruptcy protection in January, has received court approval to begin going-out-of-business sales at 14 of its stores. According to the court ruling, all sales must end by April 30.

TOP executive exits BJ's. (Market Watch).(Laura Sen resigns from BJ's Wholesale Club )(Brief Article)
March 10, 2003... NATICK, MASS. -- BJ's Wholesale Club announced Friday the departure of Laura Sen, evp of merchandising. Sen has worked for the retailer since 1997. BJ's is conducting a search for Sen's successor.

Gap Inc. (Financials).(reports increase in sales)(Brief Article)
March 10, 2003... Gap Inc. reported a 14% increase in sales with a net income of $249 million, or 27 cents per diluted share, for 4Q, as compared with a net loss of $34 million, or 4 cents loss per diluted share, last year.

Mossimo Inc. (Financials).(Brief Article)
March 10, 2003... Mossimo Inc. reported fourth quarter 2002 revenue of $2.6 million compared to $2.6 million for the same period last year and a diluted pre-tax loss per share of 7 cents, compared to a diluted pre-tax earnings per share of 3 cents for the same...

Limited Brands. (Financials).(Brief Article)
March 10, 2003... Limited Brands reported that net income for the fourth quarter was $352.9 million, or 66 cents per share, compared with last year's $326.5 million, or 75 cents per share. Last year's results included income from discontinued operations of...

Despite low attendance at MAGIC, show quality remained top shelf. (Show Coverage: Magic).(apparel industry trade show)
March 10, 2003... LAS VEGAS -- Lady Luck, or rather Mother Nature, dealt an unfavorable hand to this year's MAGIC show. With the Northeast enrobed in snow, many of New York's Garment District finest were prevented from making it out to the show on time--if at...

Toy fair celebrates 100th anniversary amid snowflakes and retro fare. (Show Coverage: Toy Fair).
March 10, 2003... NEW YORK -- The resurgence of properties from the 1980s and new alliances among toy specialists and larger retailers were some of the hot topics at the International Toy Fair in New York City last month. Despite a blizzard that dumped two...

One store reflects Kmart's dilemma. (Editorial).
March 10, 2003... It's Kmart's Catch-22, or Chapter 22, as some observers would like to describe the dilemma that faces this venerable discounter. There are numerous internal factors that must be addressed, as they may not delay emergence from bankruptcy...