A Bigger Best Buy
Minneapolis, Best Buy Co. plans to open 73 new stores in its fiscal year beginning Feb. 27, plus two Future Shop stores in Canada. By February 2006, the chain plans to have 688 Best Buy and Magnolia stores in the United States and 144 Best Buy and Future Shops in Canada.
Safeway Applauds Union Pact in Las Vegas
Pleasanton, Calif., Safeway said it was pleased that members of the United Food and Commercial Workers Union Local 711 in the Las Vegas area have ratified a new three-year collective bargaining agreement. The agreement covers approximately 1,500 employees of Safeway-owned Vons stores in and around Las Vegas.
Green Light for Kmart and Sears
New York City New York City , The blockbuster merger of Kmart and Sears cleared the waiting period established by the Hart-Scott-Rodino antitrust law. The waiting period ended yesterday, moving the retailers forward in their merger plans. The chains say they will close their merger in early March, if all goes according to plan. The deal still needs shareholder approval and other regulatory approvals.