Sears settles suit on raising of its credit card rates

Article Abstract:

Though it doesn't have court approval as yet, a class-action suit brought against Sears Roebuck will be settled with $36 million cash and $118 million in store coupons to the plaintiffs; attorneys will receive $15 million in cash for their services. The plaintiffs were Sears credit card customers who were notified that their interest rates on account balances would not increase when the accounts were moved to a newly-acquired Arizona bank.

Comment:

Class-action suit related to credit interest rates to be settled with cash and coupons

Legal issues & crime, Cases, Interest rates, Credit, Sears, Roebuck and Co., S

---

Wal-Mart casts eye northward; retailer pushes expansion, squeezing regional chains

Article Abstract:

Wal-Mart has a presence in every state, with 6 stores in Hawaii, 6 in Alaska, and 4 in tiny Vermont. Vermont didn't give in easily in 1990 when the first store was proposed. Now Wal-Mart is plannng its further expansion, primarily in the Northeast and the West. With a new superstore in Vermont, annual sales are expected to reach $3 billion.

Comment:

Largest retailer keeps on expanding; thrifty shoppers keep on buying

Facilities & equipment, All Other Specialty Food Stores, Variety stores, Discount Stores, Wal-Mart Stores Inc., WMT

---

Outlets slipping out of fashion; traditional stores counter as off-price malls overreach

Article Abstract:

Outlet malls are estimated to have reached year-ago sales levels whereas traditional malls and retail stores in general showed growth of almost 6%. There are several reasons felt to be at work here; one, savvier shoppers; two, more sales in traditional stores; three, fashion-conscious discounters. Investing in outlets also cooled down.

Marketing procedures, Company Planning/Goals, APPAREL AND ACCESSORY STORES, Other Clothing Stores, Off-Price Apparel Stores, Outlet stores, Factory outlets, Off price clothing stores

Similar abstracts:

• Abstracts: Quark quits its quest for Adobe Systems. I.B.M. reports a 42% rise in its profit; results widely exceed analysts' expectations
• Abstracts: General Motors is significantly increasing its efforts to aim pitches at black consumers. Cadillac signs a long-term accord for signs in Times Square
• Abstracts: Cement & aggregates. Manufactured housing/rec. vehicle
• Abstracts: A leadership profile of American project managers. Ranking of system implementation success factors. Important behavioral skills for IS project managers: the judgements of experienced IS professionals
• Abstracts: Keyboards stuck in the age of NumLock; defunct keys and odd commands still bedevil today's PC user. Quirky PC games try to find market niche in a virtual pet cemetery

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.