Friedman’s Files Chapter 11
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.
Macy’s Settles Racial Profiling Charges
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.