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Nordstrom, the operator of department stores, said yesterday that its Nordstrom.com unit was laying off 35 people in Seattle as it reduces the number of catalogs it publishes to two from four.
GOTTSCHALKS INC., Fresno, Calif., an operator of department stores in the western United States, has agreed to acquire the stores of Lamonts Apparel Inc., Kirkland, Wash., an operator of retail clothing and home-decor stores in the Northwest, for $19 million in cash.
At the end of last month, Karstadt, Europe's biggest operator of department stores and mail order, pulled itself back from the edge of a financial abyss by mortgaging its future business development to its bankers.Some German retailers, however, are managing to keep sales rising throughout the go-slow.
The operator of department stores earned 35 cents per share in the quarter, matching a First Call estimate.
He argues that the operators' marketing departments have a better record of thinking up packages for customers than officials sitting in Brussels do.The commission's plan still needs approval from the European Parliament and Council of Ministers, and would then come into effect in the summer of 2007.
She then took a job as an elevator operator in a department store where she was discovered by talent agent Sue Carol, the wife of the actor Alan Ladd.
An inmate matching the description of the rapper Lil Wayne was listed on the Web site of the New York City Department of Corrections as being discharged on Thursday, and an operator at the department's telephone service said the inmate was released.
Nordstrom Inc., an operator of upscale department stores, said today that its co-president, Jim Nordstrom, had resigned to pursue technology- and Internet-based business opportunities after a 24-year career in retailing.
BON-TON STORES INC., York, Pa., an operator of 72 department stores in New York, Pennsylvania and other Eastern states, said it would cut 187 positions, about 2percentt of its work force, to reduce costs.
Sogo, an operator of 25 department stores and an employer of 10,000 people, sought bankruptcy protection Wednesday after a public outcry over a government-backed plan to use taxpayer money to keep the company alive and forgive some of its debts amassed during the speculative boom years in the 1980's.
Work on a permanent system for regulating traffic was interrupted by the Sept. 11 attacks, which reduced air traffic and destroyed the offices of La Guardia's operator, the aviation department of the Port Authority of New York and New Jersey, in the World Trade Center.
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