Holiday sales slump threatens 2001 retail outlook
Retail analysts warn the holiday season was the weakest in a decade with shoppers like Debra Scotti chasing deeper discounts. Companies such as Bradlees and Montgomery Ward are shutting stores after Chapter 11 while others warn of tighter inventories and slower growth next year.
MENTIONED IN THIS ARTICLE
New York
Lord & Taylor
Debra Scotti
Manhattan
Bloomingdale’s
Macy’s
Scotti
Ike Lagnado
Braintree
Mass
Cooperative to Invest in Processing Plants in SD
A closed cooperative formed by South Dakota farmers plans to invest in agricultural processing plants. Pending IRS approval, the group will launch a membership drive starting Jan 9 at the Dakota Farm Show in Vermilion. Limited to 1,000 members, each pays 850 upfront and 250 annual, with options to invest in multiple projects through South Dakota Ag Producer Ventures.
MENTIONED IN THIS ARTICLE
Dykstra
South Dakota Ag Producer Ventures
Krispy Kreme Plans Global Expansion Into Canada
Krispy Kreme will take a 34 percent stake in Krispy Kreme Eastern Canada Inc to open 382 stores over six years in eastern Canada including Ontario and Quebec. Donald Henshall named president of international development as the Winston-Salem company eye expands beyond the United States.
MENTIONED IN THIS ARTICLE
Raleigh
N.C
New York
L.A
Winston-Salem
Canada
Krispy Kreme Doughnuts Inc
Krispy Kreme Doughnuts Eastern Canada Inc
Ontario
Que
Donald Henshall
North America
John Glass
Deutsche Bank
Alex. Brown
Krispy Kreme
U.S
Massachusetts
Rhode Island
Connecticut
Gazette
Whitney Curtis
Cedar Rapids
Commissary
United States
Qwest Falls Short on Minnesota Customer Service Goals
Knight Ridder Business News reports Qwest after acquiring US West failed to meet Minnesota regulators' service targets in Q3. The company missed the 24 hour resolution standard for 1999 and 1998 penalties, though it exceeded the 99.5 percent installation goal. с
MENTIONED IN THIS ARTICLE
Qwest
Knight Ridder Business News
Minneapolis
US West
Minnesota
Public Utilities Commission
Hallowell
Questrom Leads J C Penney Toward Turnaround Strategy
Allen Questrom, three months into his tenure as chief executive, outlines a Team driven plan to restructure J C Penney. He stresses centralized buying, cost cuts, and reviving morale as the retailer targets profitability and a stronger 100th anniversary.
MENTIONED IN THIS ARTICLE
Maria Haskins
Dallas Morning News
J.C. Penney Co
Allen Questrom
Questrom
Penney
Plano
Texas
Barneys New York
Federated Department Stores
Macy's
Broadway
Federated
J.C. Penney
Comcast and Disney Reach Retransmission Deal
Comcast Cable Communications and The Walt Disney Co. resolved a long running dispute over ABC station carriage. Comcast will continue to carry ESPN and Disney programming including six Disney owned ABC affiliate stations. The pact ends the threat of ABC removal from Comcast systems affecting millions of viewers.
MENTIONED IN THIS ARTICLE
Philadelphia
Walt Disney Co
ABC
Comcast Cable Communications Inc
ESPN
Disney
Comcast
Steve Burke
Comcast Cable
Robert A. Iger
Time Warner Inc
Also Mentioned on This Page
Tactical Solutions
Conference Board
Ers
Sears, Roebuck and Co
Target Corp
Kmart Corp
Zale Corp
Lagnado
Michael Gould
Scott Livengood
Don
Eckerd
Largo
Fla
Target
Wal-Mart
Kohl’s
Old Navy
Penney’s Department
Larry Charipar Cla
Cr Charipar & Associates
Edgewood Road
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