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BUSINESS
June 23, 1999
Rotorex to lay off 51 workers at its Walkersville plantFifty-one of the 107 employees at the Rotorex Corp. plant in Walkersville will be laid off July 23, and it is unclear if or when they might be rehired.Federal law requires companies to notify the state government when more than 50 workers are laid off, so the state can help with unemployment benefits. The company also has notified Frederick and Walkersville governments.Rotorex, which once employed 440 people, has employed 107 people since August, when management and labor ended a yearlong lockout.
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BUSINESS
By BLOOMBERG NEWS | May 23, 1998
ST. LOUIS -- May Department Stores Co., parent of Hecht's, Lord & Taylor and others, said yesterday that it plans to invest $3.6 billion over five years in its department stores.By 2002, May will add 100 new department stores to its existing base of 370 stores, remodel or expand 100 stores and invest $350 million in new technology to improve service, Chief Executive Gene Kahn said in a statement to the company's annual meeting.May Department Stores, which had $12.4 billion in sales for the year that ended January 1998, plans to invest $725 million this year to open 19 new stores and expand seven stores, adding 2.9 million square feet of retail space by the end of the year, the retailer said.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | February 6, 1998
Mild weather and deep discounts on end-of-year merchandise lured consumers into the nation's stores in January, where shoppers gave retail sales a healthy boost and helped pull apparel sales out of a slump.After a disappointing Christmas, apparel retailers saw monthly sales climb into the 10 percent range."Apparel has been weak up to this point, and there was no reason for apparel to show any strength, but merchants slashed prices and consumers came out of the woodwork," said Kenneth Gassman, a retail analyst with Davenport & Co. in Richmond, Va.The trend toward shopping either upscale or at mass discounters continued as well, while department stores took a hit with only marginal sales increases.
BUSINESS
By Jay Hancock and Jay Hancock,Sun Staff Writer | March 26, 1995
The names Woodward and Lothrop have graced dry goods emporiums for more than 100 years. Whether they will continue to do so is uncertain.Woodward & Lothrop Holdings is on the bidding block. As a result of its continuing bankruptcy process, the Alexandria, Va.-based department store chain is considering buyout proposals or other offers from outside investors.Chairman and CEO Robert B. Mang said last week that Woodies has received "viable interest" from four potential partners. Some are other retailers, he said.
FEATURES
By Fred Rasmussen and Fred Rasmussen,SUN STAFF | January 11, 1998
Forty-three years ago, Baltimoreans were talking about the Dec. 27, 1954, closing of O'Neill & Co., the venerable downtown department store that had stood on the southwest corner of Charles and Lexington streets since 1882.It had survived the Great Fire of 1904, the coming of suburban shopping centers and competition from other department stores. only shuttered its doors after its management had been unable to negotiate new leases on its buildings.Today, there are still Baltimore homemakers who proudlyproduce at holidays and other occasions linen tablecloths and ,, napkins bought by their mothers and grandmothers at O'Neill & Co. a half-century or more ago. O'Neill's, as Baltimoreans always called the store, was known as the purveyor of the finest linen goods in the city.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | March 9, 2001
Retail sales grew at an expected slow pace in February, as U.S. consumers continued tightening spending amid a weakening economy. Sales at the nation's biggest chain stores rose, on average, 2.8 percent for the month, when retailers typically clear out winter merchandise, a Bank of Tokyo-Mitsubishi index showed. The gain fell short of a much healthier increase of 6 percent in February 1999, before consumer confidence began to ebb because of higher fuel costs and a plunging stock market.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,Sun Staff Writer | June 22, 1995
After 115 years in business, Woodward & Lothrop Inc. agreed yesterday to be bought by a group led by Federated Department Stores Inc., the giant retailer that swallowed R. H. Macy & Co. in December.Woodies, which has operated under Chapter 11 bankruptcy protection since January 1994, said the deal includes the purchase of most of its assets, including at least 11 Woodies stores and the flagship John Wanamaker store in downtown Philadelphia.Woodward & Lothrop said the deal, including the liquidation of assets not purchased by Federated, would generate a projected $640 million.
BUSINESS
By Natalie Sherman and The Baltimore Sun | September 18, 2014
Kohl's Department Stores plans to hire roughly 2,300 people at its Edgewood facility in anticipation of online holiday orders, the company said Thursday. The jobs are part of some 67,000 the Wisconsin-based firm expects to add during the holiday season, including roughly 50 people per store and 9,300 at distribution centers, the firm said in a release. Kohl's has roughly 1,160 locations in 49 states. Seasonal hiring at the Edgewood e-commerce fulfillment center will finish in November.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | June 16, 1999
With its new department store at The Mall in Columbia mostly completed and scheduled to open in September, Nordstrom Inc. is continuing an aggressive push along the East Coast.The Seattle-based retailer, which distinguishes stores with espresso bars, cafes, live piano music and shoeshine stands, will open its fourth department store in Maryland on Sept. 17 -- the latest since becoming an anchor at an expanded Annapolis Mall in 1994.The retailer known for customer service and large size assortments expanded to the East Coast just over a decade ago and entered the Baltimore-Washington market in 1991, opening in Bethesda and at Towson Town Center in 1992.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,Sun Staff Writer | July 30, 1995
At 6:30 a.m., April 8, 1861, an obscure young man named John Wanamaker opened the doors to a modest clothing shop tucked in downtown Philadelphia, 94 hours before the first gunshot echo of the Civil War.More than a century later, the fabled Wanamaker name, graced on a 12-story granite and steel department store, will vanish from the retailing universe before a parade of lawyers in Room 627 of U.S. Bankruptcy Court in New York City at 10 a.m. Aug. 8.There goes...
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