HOT TOPIC: Shopping for stability
Feb 1, 2002, Steve Bergsman
Kmart plans to announce store closings next month
Feb 1, 2002, Staff and wire reports
Kmart Corp. plans to announce next month which stores it wants to close under its ongoing bankruptcy reorganization. The retailer’s top attorney, John...
Poll: Consumers prefer Wal-Mart and Target over Kmart
Jan 31, 2002, Staff and wire reports
A USA Today/CNN/Gallup poll released today appeared to provide evidence that Kmart’s troubles run much deeper than a few under-performing stores. Pollsters...
Kmart’s stock price rebounds as its restructuring efforts gain favor with Wall Street
Jan 30, 2002, Joel Groover
When Kmart Corp. filed for Chapter 11 bankruptcy protection Jan. 22, its stock price — which had reached a 52-week high of $13.55 in August — plummeted...
Charming Shoppes Inc. to close more than 207 stores
Jan 30, 2002, Staff and wire reports
Charming Shoppes Inc. announced a restructuring plan designed to boost profits by closing more than 207 stores. The Bensalem, Pa.-based retailer, which...
Toys ‘R’ Us to shutter 64 stores
Jan 28, 2002, Joel Groover
Toys "R" Us Inc. announced plans Monday to shutter 64 stores and eliminate 1,900 jobs. The nation’s No. 1 toy retail chain said the restructuring will...
Federated to close two Macy’s locations in Southeast
Jan 25, 2002
Cincinnati-based Federated Department Stores is shutting the doors at two of its Macy’s locations this spring. Riverchase Galleria in Birmingham, Ala.,...
Kmart declares bankruptcy, leaving developers with a dilemma
Jan 22, 2002, Joel Groover
Kmart Corp. filed for Chapter 11 protection today and announced that its 2,100 stores will continue to operate as it restructures its operations.However,...
Kmart hires 'chief restructuring officer'
Jan 22, 2002, Staff and wire reports
Kmart Corp., which filed for Chapter 11 bankruptcy protection early Tuesday, announced the appointment of a new executive vice president charged with...
The Right Start buys FAO Schwarz
Jan 9, 2002, Staff and wire reports
Calabasas, Calif. — The Right Start Inc. completed its purchase of certain assets of FAO Schwarz including its flagship Fifth Avenue store, 22 other stores...
