Denver – Same-store retail sales for May rose 2.8% over the same period last year, according to data compiled by TeleCheck Services Inc., a subsidiary of locally based First Data Corp. The Southwest region led the nation in retail sales, followed...
Dallas – Locally based CompUSA Inc. plans to cut 700 jobs, which is approximately 4% of its work force, as it restructures its business services. The company did not say when the cuts would occur, but did report that in the quarter ending June 30...
Los Angeles – Locally based Caruso Affiliated Holdings and locally based INVESCO Realty Advisors partnered in a new venture to acquire community retail centers throughout California. INVESCO’s clients are contributing $100 million to the venture...
Newport Beach, Calif. – Locally based Koll Development Co. recently announced the opening of Nordstrom Rack, Best Buy, Linens ‘N Things and Men’s Wearhouse at Flatiron Marketplace in Broomfield, Colo...
Minneapolis – Locally based SuperValu is closing 11 Cub Foods stores in Indiana and shuttering its 19-store Laneco group, which operates in Pennsylvania and New Jersey. In a recent announcement, the chain said the move is part of a plan to focus...
Troy, Mich. – Locally based Kmart Corp. will spend $25 million to open its first store in Trinidad and Tobago as part of its expansion in the Caribbean. The 155,000-sq.-ft. superstore is expected to open June 2002 in Trincity with more stores...
Troy, Mich. – Locally based Kmart Corp. recently reported that it is rolling out new technologies to its stores, chain-wide, to provide state-of-the art service to its customers...
Fruitland Park, Fla. – According to the 13th annual Retail Theft Survey, conducted by locally based Jack L. Hayes International, the number of dishonest employees apprehended – and the dollars recovered from those apprehensions – increased over...
Andrew Kaufman started his career at Crown American as an intern in the mail room. Today, he's vice president of partnership marketing. Thanks to training programs, an education reimbursement plan, and a policy of looking within its walls for...
