BUSINESS
By Michael Dresser and Michael Dresser,Staff Writer | October 30, 1992
Caldor, the discount department store that left Reisterstown Road Plaza five years ago because of poor sales, will return to the mall for another try next year, a spokeswoman for the mall's owner said yesterday.Mary Pat Baxter, general counsel for Continental Realty Corp., said Caldor Inc. will replace Ames Department Stores, which informed the mall management this week it plans to close its store at the shopping center as part of the company's reorganization under Chapter 11 of the federal bankruptcy law.Ms.
BUSINESS
By Bloomberg Business News | August 24, 1995
NORWALK, Conn. -- At least three factors stopped approving shipments to Caldor Corp., said a person familiar with the situation, meaning the retailer might not be able to keep its shelves fully stocked.The news comes as Caldor, which has struggled amid fierce competition, said it is experiencing "sluggish sales." The company has 12 stores in Maryland.Analysts said they expect same-store sales to decline by about 8 percent in August on slow back-to-school sales. That would be the sixth straight month of declining sales at Caldor stores open at least a year.
BUSINESS
By BLOOMBERG NEWS | January 14, 1999
NEW YORK -- Kohl's Corp., a fast-growing U.S. department-store company, is interested in buying about 30 stores from Caldor Corp. to speed its expansion in the Northeast, analysts and investors said yesterday.Caldor, which has been in Chapter 11 bankruptcy since 1995, stopped paying suppliers last week. The regional discount chain has been negotiating with creditors who want Caldor to liquidate and sell its 145 stores to increase the amount they recover.The stores Kohl's is looking at are in southern Connecticut and nearby areas, analysts said.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | May 23, 1999
At the Dollar Outlet in Catonsville Plaza, Joyce Branch has taped helium balloons to a corner of her plate-glass window for a reason. That way, the shop owner can gaze at the festive display -- and block the view of a vast, empty parking lot that separates her small store from a vacant Caldor.Branch once had a more pleasant view. Six months ago she and her husband, George, opened the shop in the plaza on U.S. 40, sharing a small strip with a dry cleaner, a drug store, a rental center and a wig shop.
BUSINESS
By BLOOMBERG NEWS | August 3, 1999
NEW YORK -- Bankrupt Caldor Corp. is being sued for $26 million by a liquidators' group that claims it paid too much for inventory at the discount chain's 145 stores.The liquidators -- Gordon Brothers Retail Partners LLC, Schottenstein Bernstein Capital Group LLC and the Ozer Group LLC -- agreed to pay $223.7 million for Caldor's remaining inventory in February, 85 percent of it up front. Norwalk, Conn.-based Caldor said in January that it was going out of business, shutting its discount stores and putting about 20,000 people out of work.
NEWS
By Dennis O'Brien and Dennis O'Brien,SUN STAFF | May 16, 1996
A state appeals court affirmed yesterday a judge's decision to reduce a $9 million jury award to a Baltimore police officer who sued for being wrongly accused of stealing from the Caldor Inc. store where he worked as a teen-ager in 1988.The Court of Special Appeals ruled that Baltimore Circuit Judge John N. Prevas acted properly in 1994 when he reduced to $350,000 the punitive damages awarded to Officer Samuel D. Bowden.Bowden sued Caldor a year after he was accused by store security of stealing merchandise and cash.