Kmart Revamps Stores to Boost Upscale Appeal and Blue Light Deals
Kmart, second only to Sears, is renovating its 2200 stores including DeWitt and Western Lights, adding merchandise variety and financial services while preserving the blue light specials. The plan shifts to department by department layouts, improving quality without alienating budget shoppers.
MENTIONED IN THIS ARTICLE
DeWitt
Western Lights
Countess Kmart Corp
U.S
Sears, Roebuck & Co
Kmart
Bernard M. Fauber
Associated Press
Jeffrey Edelman
Dean Witter Reynolds Inc
New York
2Kmart
Fauber
Detroit
Troy
Stern Lights
Courti
Indianapolis
Edelman
F -Monroe Greenstein
Bear, Stearns & Co
Accent
Kmart Insurance Services Inc
Kmart Trading Services Inc
Furr's Cafeterias Inc
Bishop Buffets Inc
Hechinger Inc
Chicago
Costlier loans loom as prime rate rises
Syracuse bankers say personal and mortgage rates will rise with the prime rate jump from 8 percent. Bank officials expect higher costs for loans and mortgages in the coming months while international debt concerns grow for Latin America, with experts noting banks pay more to attract funds and warning of broader impacts on developing nations.
MENTIONED IN THIS ARTICLE
Syracuse
Dick Eilion
Syracuse Savings Bank
Elliott
Robert Wehrle
Marine Midland Bank
U.S
Alan Sinai
Shearson Lehman- American Express
Ance
Nage Genet
Joseph Duncan
Dun & Bradstreet Corp
Robert Christian
Evident National Bank
Philadelphia
Latin America
World Bank
Washington
Brazil
Central Bank
George Diab
Lebtor Nations
Venezuela
Manuel Azpurua
Mexico City
Treasury
Jesus Silva Berzog
Wall Street
Oace
Cartagena
Colombia
Local Business and Real Estate News From June 26 1984
James H. O Connor executive finess editor reports on business and real estate items in the SveaCast Herald Journal. June 26 1984 edition covers page B6 and B7 with market updates and property listings.
Expanded bank powers win legislative approval
The Assembly approved a deregulation bill granting state chartered banks a share of real estate investment profits. A sunset clause ends the power June 30, 1988, with bank investments tied to community impact rules. The measure also allows thrift prudent person investments and lifts the out-of-state lending cap. A separate bill to permit variable rates on credit card purchases and overdraft loans awaits Senate action.
MENTIONED IN THIS ARTICLE
Taylor Associated
Assembly
Banking Committee
Jay Robson
Roughkeepsie
Herman.Farrel
D-Manhattan
Mario Cuomo
Senate
U S Auto Makers Report Mid June Sales Surge
U S automakers posted a 12.4 percent rise in mid June sales for June 11 20 versus a year ago, keeping year to date sales 27.8 percent ahead of last year. Analysts caution a possible slowdown later, as summer and fall look favorable for Detroit.
MENTIONED IN THIS ARTICLE
DeWitt
Fauber
Sebastian S. Kresge
Kmart
Edelman
U.S
David Bloom
First Boston Corp
New York
Bloom
Detroit
Europe budget accord ends bitter bloc dispute
On the Fontainebleau summit a six month budget clash between Britain and 10 EEC partners nears resolution. Britain would receive a 1984 rebate and a share of overpayments in later years while the package awaits assent from heads of state led by Prime Minister Margaret Thatcher. Officials warn the deal could still unravel as talks continue and Italy, West Germany, and other members bargain over revenue and tax measures.
MENTIONED IN THIS ARTICLE
Britain
Margaret Thatcher
Insurance Merger Trend Hits Central New York Firms
The Phil Kelley agency plans to affiliate with Haylor Freyer and Coon Inc. by July 2, marking a major local merger amid a wave across banks and insurers. The move follows HF&C’s April acquisition of George B. Kelley Co. and reflects industry pressures for scale and cost cuts.
MENTIONED IN THIS ARTICLE
Phil Kel
H.f.&c
James St
Haylor
George B. Kelley Co
Dan Kelley
Philip Kelley
George B.G. Kelley
University
I! Burnett
Also Mentioned on This Page
Fite Phot
Camillus
Sveacast Herald-Journal
James H. O'Connor
Finess
Continental Group
Sir James Goldsmith
Sir James
4@UA
Audit Bureau of Circulations
Gannett
SEC
A.M. Pullen & Co
North Carolina
Penn Central
United States
Dow
Europe
West Germany
JF Laserphgey
Paris
Nited Press
Internati
Kelley Insurance Agency
Haylor, Freyer and Coun
Ey Joseph A. Porcello
Dan Kelsey
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