April 29, 1988
Max Feldberg, 90, co-founder with his brother Morris of the pioneering Zayre discount department store chain. The Feldbergs started their first stores in Boston and Hyannis, Mass., in 1956. They guided the growth of Zayre Corp. into one of the nation's biggest retail chains, with 1,187 outlets in 43 states and the District of Columbia. The corporation also operates HomeClub, T. J. Maxx, Hit or Miss, Chadwick's of Boston and BJ's Wholesale Club.
October 20, 1992 |
Ventura County now boasts not one but two major real estate properties that have been put on the market with identical price tags of $29.5 million. The new offering is Mountain Gate Plaza, Simi Valley's largest shopping center. The 282,000-square-foot mall joins a package of buildings and acreage at Oxnard's Channel Islands Business Center on the sales block at the same asking price. Mountain Gate has had several face lifts since opening in 1963.
September 16, 1988 |
Zayre Corp., the Massachusetts retailer that owns Fullerton-based HomeClub, has agreed to sell its ailing discount-store division to Ames Department Stores in a deal valued at about $800 million. With Zayre's 388 discount department stores, Ames will roughly double the number of discount stores it operates--and more than double its revenue--making it the third-largest discount retailer in the country.
March 2, 2000 |
Tiffany & Co.'s fiscal fourth-quarter earnings rose 59% as shoppers grabbed up lots of jewelry, china and crystal at its stores during the holiday season. The New York-based company earned $84.58 million, or $1.11 a share, for the quarter ended Jan. 31, compared with $53.29 million, or 74 cents a share, a year ago. Sales were $559.8 million, up from $442.8 million a year ago. Tiffany's results topped Wall Street analysts' estimates. Shares rose $4.69 to close at $68.69 on the NYSE. . . .
August 29, 2009 |
A computer hacker accused of masterminding one of the largest cases of identity theft in U.S. history agreed to plead guilty and serve up to 25 years in federal prison for his crimes. Albert Gonzalez was charged with conspiracy, wire fraud and aggravated identity theft in federal courts in New York and Boston. Court documents filed in federal court in Boston indicate the 28-year-old Gonzalez agreed to plead guilty to 19 counts and combine the two cases in federal court in Massachusetts.
November 18, 2009 |
TJX Cos. said its fiscal third-quarter net income rose 32% as shoppers looked for bargains at the discount retailer's chains. The Framingham, Mass., company, which operates stores that include T.J. Maxx, Marshalls and HomeGoods, also boosted its outlook for the fourth quarter and full year. The company said it earned $347.8 million, or 81 cents a share, in the three-month period ended Oct. 31. That compares with $235.8 million, or 58 cents, a year earlier. Revenue climbed 10% to $5.24 billion.
November 13, 1997 |
Federated Department Stores Inc., the largest U.S. department store operator, reported higher-than-expected third-quarter earnings, citing reductions in expenses. The Cincinnati-based owner of Bloomingdale's and Macy's said profit rose 53% to $105.1 million, or 48 cents a share, from $68.7 million, or 32 cents, a year earlier. Revenue rose 3.8%, to $3.75 billion from $3.61 billion. Same-store sales, or sales at stores open at least a year, rose 3.1%.
CALIFORNIA | LOCAL
June 1, 1994 |
Runners and walkers can test their lungs along the trails of Laguna Niguel Regional Park on June 12 in two foot races that will raise money for a nonprofit group that provides safe rides home for intoxicated teens. A five-kilometer run/stride and a 10-kilometer race will start at 7:30 and 8:30 a.m., respectively, at the T.J. Maxx clothing store, 27271 La Paz Road, in the Plaza de la Paz Shopping Center in Laguna Niguel. The courses will wind through the park.
November 14, 2007 |
TJX Cos. said its fiscal third-quarter profit rose 8%, and the off-price retailer slightly boosted its earnings forecast for the fourth quarter. The company also outlined long-term plans to expand by nearly 1,000 stores, and TJX's shares rose nearly 4%. The owner of more than 2,500 discount stores, including T.J.
December 6, 1988 |
Zayre Corp., in a move to boost profits after the sale of its money-losing Zayre Stores unit in October, said Monday that it will spin off its Warehouse Clubs division and then buy the 17% of TJX Cos. it does not already own. Zayre said it would change its name after the merger to TJX Cos. effective at the Zayre annual meeting in June. Zayre had spun off a minority interest in TJX, a profitable off-price retailer, in 1987. One analyst said the deal would value TJX at $32 a share or about $1.