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BUSINESS
February 7, 1998 | Bloomberg News
Hudson's Bay Co. agreed to buy discount retailer Kmart Canada Co. for $168 million, including debt, and will fire 4,000 to 6,000 employees after it combines the newly acquired business with its Zellers chain. Toronto-based Hudson's Bay, Canada's largest retailer, said it will merge its 298 Zellers discount stores with Kmart Canada's 112 locations and close more than 40 of the combined companies' stores. The dismissals represent as much as 8.
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BUSINESS
February 7, 1998 | Bloomberg News
Hudson's Bay Co. agreed to buy discount retailer Kmart Canada Co. for $168 million, including debt, and will fire 4,000 to 6,000 employees after it combines the newly acquired business with its Zellers chain. Toronto-based Hudson's Bay, Canada's largest retailer, said it will merge its 298 Zellers discount stores with Kmart Canada's 112 locations and close more than 40 of the combined companies' stores. The dismissals represent as much as 8.
BUSINESS
July 10, 2013 | By Tiffany Hsu
A group of 17 American retailers, including Wal-Mart Stores Inc., Target Corp. and Macy's Inc., have signed on to a five-year agreement to help improve safety at garment factories in Bangladesh. The accord is separate from a legally binding plan finalized earlier this week by more than 70 mostly European companies such as H&M and Zara owner Inditex. U.S. apparel sellers largely avoided the contract. Instead, they said Wednesday that their coalition would seek inspections at all member-supported factories in Bangladesh within a year.
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