January 9, 2010 |
In a move to cut costs, Foot Locker Inc. is closing 117 underperforming stores and trimming about 120 jobs this quarter, the retailer said Friday. Spokesman Peter Brown declined to provide details on which locations would be affected but said a large percentage were Foot Locker and Lady Foot Locker stores in the United States. Some have already been closed; the rest are expected to shut by the end of the month, when the company's fiscal year ends. The closures will help the specialty athletic retailer, which operates about 3,600 stores in 21 countries, become more efficient, said Tom Shaw, a lifestyle analyst at Stifel, Nicolaus & Co. "The whole company in one mall could have a Foot Locker, a Lady Foot Locker, a Kids Foot Locker, a Footaction and a Champs," Shaw said.
February 2, 2008
I assume that it's too late to add Teemu to the NHL All-Star game? Jim Hansen Lake Forest
October 2, 2004
If the Trojans are lucky enough to win the rest of their games, and they're all as close as the Stanford game, I may not be around to see it. The guys in white coats will be carrying me away kicking and screaming Robert H. Williams Monterey Park
CALIFORNIA | LOCAL
July 28, 2008 |
Unable to relocate after nearly 75 years in business, Acres of Books, the giant literature warehouse downtown, will sell its inventory and close to make way for an urban redevelopment project. "Store Closing" signs have been taped to storefront windows on Long Beach Boulevard, and owners Phil and Jackie Smith have begun discounting merchandise, reducing store hours and canceling music and arts events. Since notices were sent out, the store has been mobbed by loyal customers. The Smiths, who agreed in April to sell the property, said they could not find a location large enough in Southern California to hold their inventory, estimated at up to 1 million volumes.
CALIFORNIA | LOCAL
July 18, 1991
Helen Lucas of Glendale, who wrote July 5 that families who use Olive View Hospital should repay the hospital, is completely wrong. A woman's baby died because of this hospital and they tried to cover it up. Olive View is a miserable hospital and should be closed down. BARRY J. GRIBS Sylmar