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Bankrupt Twinkie-Maker Sells California Land to Target

BY CSA STAFF

Kansas City, Mo., Interstate Bakeries Corp., maker of the Wonder Bread and Twinkies brands, has sold 9.8 acres in San Pedro, Calif., to Target Corp. for $18.7 million.

The site was the longtime home of some Little League baseball fields, but, according to Interstate Bakeries, the company had no choice but to sell the land to benefit creditors in its Chapter 11 bankruptcy case.

The Little League has been granted the use of the fields through the 2006 season, and Interstate Bakeries received approval from the U.S. Bankruptcy Court to contribute $250,000 toward the league’s relocation to a new site.

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Target Adds Smith & Hawken to Stores

BY CSA STAFF

Minneapolis, Target has signed a deal with Smith & Hawken that will bring the upscale gardening and outdoor living brand to Target garden centers by late this year and to Target stores nationwide by March 2006.

According to Smith & Hawken president Barry Sanders, the company will design an exclusive line of items specifically for Target.

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Sears Hiring Once More

BY CSA STAFF

Hoffman Estates, Ill., Four months after firing 850 workers, Sears Holding Corp. has posted nearly 100 help-wanted notices on Monster.com. The corporate headquarters jobs range from women’s apparel buyer to VP of financial services.

Some Sears workers who lost their jobs in April are speculating that the new jobs will be on a different pay structure than prior jobs—lowering base salaries to bring costs down.

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