Dillard’s Aims to Sell More House Brands
Little Rock, Ark., Dillard’s Inc. plans to increase profits by selling more house brands and emphasizing the value of its fashion apparel, the department store chain’s president, Alex Dillard, said at its annual meeting on Saturday. The company plans nine new stores for 2005.
With 329 stores in 29 states, mostly in the South and West, Dillard’s is viewed as a logical acquisition target. But Dillard would not address the possibility at the meeting.
Edmondson Assumes Role of RadioShack CEO
Fort Worth, Texas, David Edmondson took over as CEO of RadioShack Corp. yesterday. He replaces Leonard Roberts, who became the company’s new executive chairman.
Edmondson’s appointment, which was announced in January, became official at the retailer’s annual shareholders meeting on Thursday.
Wal-Mart Equips Store for Amish Shoppers
Bentonville, Ark., Wal-Mart Stores opened a store catering to the local Amish community in Middlefield, Ohio. The store will feature parking for horse-drawn carriages and large blocks of ice for home refrigeration.