Fred Meyer Launches New Loyalty Card
Portland, Ore., Fred Meyer announced the launch of its new Fred Meyer Rewards Card. Under the program, customers will receive a rebate for using the card when they shop Fred Meyer, earning one “point” for every five dollars. If a customer earns at least 100 points during a 13-week period, he or she qualifies for a rebate. The rebate will be mailed to customers at the end of the 13-week period.
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.
The Finish Line Completes Acquisition
Indianapolis, The Finish Line closed the deal to acquire The Hang Up Shoppes, which does business under the name of Man Alive, for $12 million in cash, plus a potential earnout of up to $6 million in cash.