April 5, 2006 |
Wal-Mart Stores Inc., which has struggled to expand into urban areas, said Tuesday that it would build 50 stores in big-city neighborhoods suffering from high crime, unemployment and other problems. At the construction site for a new store on Chicago's West Side, Chief Executive H. Lee Scott Jr. said the Windy City's first Wal-Mart also would anchor the company's first "jobs and opportunity zone."
March 11, 2006 |
Three years after diving into one of the deepest retail pools in the country, Kohl's Corp. has proved at least one thing: It's buoyant. The retailer -- which made a splash in California by opening 28 stores on one day three years ago this week -- now has 73 here, about 10% of its total and more than in any other state. And it wants more.
November 29, 2005 |
A day with costume designer Ann Closs-Farley lends new meaning to the phrase "holiday shopping." Closs-Farley has worked with just about every small theater in town. But when the holidays roll around, ruffly muffin cups and coffee filters, clear packing tape, plastic fruit, rubber rafts, paper tablecloths and shower accessories are just a few of her favorite things.
October 6, 2005 |
As sales gimmicks go, "11.3 pesos" doesn't quite have the ring of "99 cents." But Mexican shoppers such as Jaime Plata don't seem to care. Savings, not slick marketing, draw him to Waldo's Dolar Mart de Mexico, this nation's largest chain of so-called dollar stores. On a recent afternoon, the nightclub owner trolled the aisles of a Waldo's store in the capital's middle-class Anahuac neighborhood. Bottles of apple juice, priced at two for 11.3 pesos, or about $1.
March 31, 2005 |
Wal-Mart de Mexico will aggressively push to expand its lead over rival retailers and is considering new markets in 200 cities and towns, the new chief executive said Wednesday. Eduardo Solorzano took the helm in February at Walmex, the Mexican unit of U.S. powerhouse Wal-Mart Stores Inc., as it announced plans to spend more than $700 million this year on new stores and remodeling.
February 25, 2005 |
A strong finish to the holiday season lifted fiscal fourth-quarter profits at J.C. Penney Co. and Limited Brands Inc. as shoppers used gift cards to snatch up clearance items and spring merchandise last month. The results echoed an upswing at discount giants Wal-Mart Stores Inc. and Target Corp., which last week returned better-than-expected quarterly earnings -- trampling concerns that deep holiday discounting would erode bottom-line figures.
February 18, 2005 |
Wal-Mart Stores Inc. and discount rival Target Corp. posted fiscal fourth-quarter earnings Thursday that beat Wall Street expectations, suggesting that the profit-sapping effect of holiday discounting was less than some analysts feared. Wal-Mart said its profit rose 16.2% for the November-January period, beating Wall Street forecasts by a penny a share. Its earnings for the full year topped $10 billion for the first time. Meanwhile, Target's quarterly profit inched up only 0.
February 9, 2005 |
Sears, Roebuck & Co. disclosed plans Tuesday to switch dozens of recently acquired Kmart stores to a new mid-size store format called Sears Essentials, providing more detail of what the combined Kmart-Sears retail behemoth would look like. Evidently devised with discount giants Wal-Mart Stores Inc. and Target Corp. in mind, the concept will combine select Sears products such as appliances and clothing with convenience items such as health and beauty products.
December 25, 2004 |
Today, as children eagerly dive into their Christmas gifts, toy maker Mattel Inc. will be dealing with the leftovers. This holiday season, Mattel opened 11 temporary toy stores across California -- they will close Friday -- to sell a backlog of slow-moving products, discontinued goods and items with imperfections. The idea, it seems, is for the company to try to earn a little more money than it would by selling this B-list merchandise to close-out specialists such as KB Toys Inc.'
December 2, 2004 |
"You go." "No," I said. "You go." My friend was daring me to sample a glass from the wine bar at the opening of "Peace Squad Goes 99" -- in which the sponsor, the 99¢ Only Stores, supplied everything. The costumes. The sets. And the libations. Inside the Evidence Room theater, the stage curtain was crafted from tablecloths. Dancers donned inflatable-toy pants, nylon knee-high skirts and bathmat corsets. But in the lobby, the drinks were suspect.