Kmart to announce store closings in March
Kmart Corp plans to announce next month which stores to close as part of a turnaround. Bankruptcy lawyer John W. Butler Jr. said the plan aims to return to health by July 2008 and to inform the court by March 20 which underperforming stores will depart.
MENTIONED IN THIS ARTICLE
Troy, Mich
Kmart Corp
John W. Butler Jr
Kmart
Butler
Chuck Conaway
Chicago
Ames
Discounter
Calder
Merry-Go-Round Enterprises
Conor Reilly
New York
Gibson, Dunn & Crutcher
Kmart's fate in bankruptcy hinges on bold changes and urban strategy
New York AP reports shoppers doubt Kmart’s current format, citing low customer service and fierce competition from Wal Mart Target and Kohl's. Analysts say store closings may rise to 250 to 700 of 2100 as Kmart restructures, aiming for a unique urban market niche. Martha Stewart and Sesame Street ties are noted as key assets.
MENTIONED IN THIS ARTICLE
DeMarco
Wal- Mart
Kmart
Merry-Go-Round
Gap
Abercrombie & Fitch
American Eagle Outfitters
Target
Kohl’s
Bradlees
Montgomery Ward
Martha Stewart
Sesame Street
Jaclyn Smith
Michele Tekler
Wausau
Wis
Tekler
Kmarts
Wal-Mart
Jeannie Dinoto
Ventnor
N.J
Burt Flickinger III
Reach Marketing
Westport
Bush admin seeks broader authority to revamp fuel economy standards
Transportation Secretary Norman Mineta asked Congress for broad authority to overhaul CAFE rules, signaling no pledge to raise mpg now. He cited NAS findings that mileage can improve with existing tech, but warned current CAFE pressures lighter, smaller cars and raises safety concerns. He floated weight based standards and urged lifting the budget cap to fund the effort.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
Congress
Transportation
Norman Y. Mineta
Mineta
National Academy of Sciences
Academy
Department
NAS
Transportation Department
John Kerry
D-Mass
Senate
Saudi Arabia
The
Sierra Club
Dan Becker
David Friedman
Union of Concerned Scientists
Nike to launch $200 Air Jordans in silvery case
Nike unveils Air Jordan XVII at $200 with a silver briefcase packaging and a $10 million ad push led by Spike Lee. Reebok counters with a $125 rival starring Allen Iverson and R Kelly. Fans speculate on display value as MJ era extends with a Feb 9 sale ahead of the NBA All Star game.
MENTIONED IN THIS ARTICLE
Beaverton, Ore
Air Jordan
Nike
Spike Lee
Reebok International
Philadelphia 76Ers
Allen Iverson
R. Kelly
John Shanley
Wells Fargo Securities
New York
Tyson Frodsham
Michael Jordan
New Perry County transport firm opens with promise
Midwest Trans-Load launches at the former Captain Mine site near Cutler, a Perry County venture by Mark Arbeiter and Fred Parsons. The facility, leasing county land, handles rail to truck transfers, repairs and storage, with nine employees so far and plans to expand to potentially dozens more.
MENTIONED IN THIS ARTICLE
Perry County
Cutler
Midwest Trans-Load
Midwest
Dennis Dorris
Dorris
Midwest Transload
Mark Arbeiter
Southern Illinois Motor Express
Fred Parsons
Southern Illinois Railcar
Canadian National Illinois Central Railroad
Union Pacific Railroad
Trans-load
Arch
Arch Coal Co
Pyramid State Park
CPA
Also Mentioned on This Page
Disney
Joe Boxer
Detroit Free Press
Detroit News
Greenwood
Ind
Capri DeMarco
Duanesburg, N.Y
Frank
Ames Department Stores
Bush
Perry County Transport Company
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