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BUSINESS
March 5, 1992 | From Associated Press
Kmart Corp. and Venture Stores Inc. reported Wednesday that their fourth-quarter earnings soared as cautious consumers continued to spend at discount retailers. Kmart, the second-largest retailer after discounter Wal-Mart Stores Inc., also got a boost from its specialty store divisions. Kmart's earnings shot up 19.2% to $479 million, or $2.11 per share, in the quarter ended Jan. 29 from $402 million, or $2.01 per share, a year earlier. Revenue rose to $10.72 billion from $9.9 billion.
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BUSINESS
March 5, 1992 | From Associated Press
Kmart Corp. and Venture Stores Inc. reported Wednesday that their fourth-quarter earnings soared as cautious consumers continued to spend at discount retailers. Kmart, the second-largest retailer after discounter Wal-Mart Stores Inc., also got a boost from its specialty store divisions. Kmart's earnings shot up 19.2% to $479 million, or $2.11 per share, in the quarter ended Jan. 29 from $402 million, or $2.01 per share, a year earlier. Revenue rose to $10.72 billion from $9.9 billion.
BUSINESS
June 28, 1989 | From Associated Press
May Department Stores Co. said Tuesday that it is exploring the possibility of selling its Caldor and Venture discount chains. Divesting the two general merchandise discounters would enable the retailer to more easily pursue its intention to concentrate on its department store and shoe businesses. "The divestiture of Caldor and Venture will allow May to focus on the operations and expansion of our higher-return and faster-growing businesses," said David C. Farrell, May chairman and chief executive.
BUSINESS
May 24, 1993 | From Times Staff and Wire Reports
Wal-Mart to Buy 14 Pace Warehouses: Kmart Corp.'s Pace Membership Warehouse Inc. has agreed to sell 14 of its stores to Wal-Mart's Sam's Club division. Terms of the deal were not disclosed. The companies said the sale involves Pace stores in Texas and the Midwest. Wal-Mart, the nation's largest retailer, has faced growing competition from other discounters such as Dayton Hudson Corp.'s Target, Pace and Venture Stores Inc., both in its general merchandise stores and its Sam's Clubs.
BUSINESS
April 21, 1995
In a case with hefty stakes for the $30-billion store-brand industry, the U.S. Supreme Court this week refused to overturn a lower-court ruling that private-label products can legally copy many distinctive features of name-brand goods as long as they don't confuse consumers. In a victory for manufacturers and retailers of private-label look-alike products, the high court rejected an appeal by the maker of Vaseline Intensive Care lotion, which claimed that Venture Stores Inc.
BUSINESS
September 20, 1996 | From Dow Jones News Service
The $100-billion California Public Employees' Retirement System Board is developing "model U.S. corporate board" governance standards to evaluate and grade the nation's 300 largest companies. The plan is part of CalPERS' corporate governance program for 1997, which was approved by the board of the nation's largest public pension fund earlier this week and announced late Wednesday night.
BUSINESS
November 8, 1999 | From Associated Press
Customers smile as they approach the Build-A-Bear Workshop in Oak Park Mall. A short while later, custom-made stuffed animal in hand, they walk out grinning. But the happiest person on the cheerful premises is Maxine Clark, the retailing whiz who dreamed up the store "Where Best Friends Are Made." Everywhere she turns, Clark sees customers selecting fake-fur skins from bins, getting them stuffed and stitched up, then dressing them for the trip home in their own "condos."
BUSINESS
June 28, 1989 | From Associated Press
May Department Stores Co. said Tuesday that it is exploring the possibility of selling its Caldor and Venture discount chains. Divesting the two general merchandise discounters would enable the retailer to more easily pursue its intention to concentrate on its department store and shoe businesses. "The divestiture of Caldor and Venture will allow May to focus on the operations and expansion of our higher-return and faster-growing businesses," said David C. Farrell, May chairman and chief executive.
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