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Friedman’s Files Chapter 11

BY CSA STAFF

Savannah, Ga., Jewelry retailer Friedman’s filed voluntary petitions for reorganization under Chapter 11 on behalf of the company and nine of its subsidiaries. The company said the filing should provide it with the breathing room necessary to complete financial restructuring initiatives it embarked upon more than five months ago.

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Lowe’s Plans New Data Center

BY CSA STAFF

Mooresville, N.C., Lowe’s Cos. says it will open a new data center in Winston-Salem, N.C., in mid-2005. With a staff of 20 to 25 technicians, it will serve as the hub of the retailer’s IT operations.

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Macy’s Settles Racial Profiling Charges

BY CSA STAFF

New York City, Federated Department Stores’ Macy’s East division settled New York State charges that it relied on racial profiling to identify shoplifters. The company agreed to a $600,000 payment and to change the way it trains security personnel.

The charges centered around reports that Hispanic and African-American customers were unfairly accused of shoplifting. The state began an investigation into the claims in July 2003.

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