FINANCE

Best Buy to open nine new stores in Q1

BY CSA STAFF

Minneapolis Best Buy Co. said Wednesday it is set to open eight stores in the fiscal first quarter, out of about 65 it plans to open during the entire fiscal year. The stores are set to open in April and May.

The retailer will open three locations in California, and one in Illinois, Kansas, Missouri, North Carolina and Tennessee.

As of May 30, Best Buy expects to operate 1,031 U.S. Best Buy stores in 49 states and in Puerto Rico, among other operations.

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Hallmark sends a sympathy card

BY CSA STAFF

The nation’s leading greeting card company on Tuesday said it planned to cut up to 8% of its U.S. work force by laying off between 550 and 750 of its 9,200 full-time employees in the U.S.

The job cuts at the privately held company are expected to take place over the next six months and will involve 200 to 250 jobs at the company’s headquarters in Kansas City, Mo. Other cuts are expected to occur at six manufacturing and distribution facilities where between 350 and 450 jobs will be cut. Hallmark’s sales last year declined 2$ to $4.3 billion.

 

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BJ’s expands payment options

BY CSA STAFF

NATICK, Mass. BJ’s Wholesale Club announced it is expanding payment options to its members by accepting government-issued food stamp benefits via Electronic Benefit Transfer (EBT) payments. BJ’s now accepts EBT payments at all 180 Club locations throughout its 15-state footprint.

“The Food Stamp program makes a difference in the lives of millions of Americans across the country, and the benefits they receive positively impact their abilities to feed their families consistently healthy meals,” said Laura Sen, president and CEO, BJ’s Wholesale Club. “BJ’s recognizes the diverse financial status and changing needs of its members. We are proud to help members stretch their food budgets by offering savings on a large selection of fresh fruits, vegetables, meats and baked goods, along with name-brand, non-perishable staples.”

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