DSW Shoes expands in Calif.
DSW will be opening a location in Folsom, Calif., on March 19. The 15,000-sq.-ft. store will be the second DSW location in the Sacramento market.
In 2008, DSW opened 41 stores and launched dsw.com in response to customers’ requests to shop 24 hours, seven days a week. The new Folsom location is the second DSW store opening of 2009.
Circuit City to shut down
Bankrupt electronics retailer Circuit City said Friday it will close its remaining 567 U.S. stores and sell all its merchandise.
The company said it has 34,000 employees.
“We are extremely disappointed by this outcome,” James Marcum, acting CEO for Circuit City, said in a statement. “We were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company.”
In a filing with the U.S. Bankruptcy Court for the Eastern District of Virginia, which a judge approved late Friday, Circuit City – the No. 2 electronics retailer after Best Buy) — said it had reached an agreement with four companies to start the liquidation process.
The company said the sale would begin Saturday and run until March 31, pending court approval.
The retailer’s Web site and call center will cease to operate after Jan. 18.
Circuit City said employees will receive 60 days’ notice of the termination.
Employees who are laid off earlier will get pay and benefits for the 60-day period beginning Friday, the retailer said.
Those who remain with the company to assist with the liquidation, will receive pay and benefits.
Circuit City also operates about 765 retail stores and dealer outlets in Canada. The company said its Canadian operations, which employ 3,000 workers, will continue to operate.
The company said it will redeem its gift cards through the liquidation sale, but the cards will have no value once the stores are closed.
Harris Teeter to Open at Tysons Corner
McLean, Va. Harris Teeter is opening Jan. 14 at the Lofts at Park Crest, an apartment community in the heart of Tysons Corner in McLean, Va.
The new 45,000-sq.-ft., full-service Harris Teeter grocery store and The Lofts apartments are the latest additions to the new mixed-use Park Crest community at Tysons Corner.
The Harris Teeter is located on the ground level of the luxury apartment residence, and will allow residents to take the elevator to the grocery store, as well as shop Tysons Galleria shopping mall with upscale anchors Neiman Marcus and Saks Fifth Avenue.
The Harris Teeter store will be open 24/7 and will offer a full-service pharmacy, in-store Starbucks and dining, full-service floral department, wine consultant, hot foods bar, salad and fresh fruit bars and a variety of gourmet grocery selections.
Park Crest represents the first wave of the planned transformation of Tysons Corner from a large office submarket to a 24/7 pedestrian-friendly city in its own right. Harris Teeter is the first new grocery store to open in Tysons Corner in decades.