NEW YORK - The U.S. Attorney's Office has impaneled a federal grand jury in Detroit and more than 20 subpoenas have been issued for witnesses as part of a probe into bankrupt Kmart Corp., the Detroit News reported on Sunday.
TROY, Mich. - Kmart Corporation on Friday announced that Richard L. (Dick) King of Encore Associates Inc. joined the company as general merchandise manager, food and consumables, overseeing the food and consumables merchandising functions.
Supermarket operators beware! Dollar stores are selling more food, listing more items at above a buck, and proliferating at the rate of more than 1,000 a year.
DALLAS - Fleming Co. today reported a second-quarter profit, reversing a loss a year earlier, due in part to cost-cutting and sales from new contracts.
NEW YORK - Sales volume at U.S. chain stores grew in the second retail week of July, thanks largely to healthy food and pharmacy sales at discount stores, Reuters reported this morning.
HOFFMAN ESTATES, Ill. - Sears, Roebuck and Co. on Wednesday said it is partnering with several entertainment, dining and retail businesses that will accept the department store's credit card by mid 2003.
TROY, Mich. - Kmart Corp. said on Wednesday the New York Stock Exchange has told the bankrupt retailer its stock could be delisted within the next six months, Reuters reports.
