Kaufmann’s Settles Suit
Chicago, Kaufmann’s, a division of May Department Stores, agreed to pay $400,000 to settle a suit involving charges of false sales promotions, the New York Attorney General’s office said. The chain was accused of promoting products as discounted when those items, in many cases, had not sold at their “regular” prices for long periods.
Kaufmann’s also agreed not to advertise or sell any item at “sale” price unless it has “actively and regularly offered the item for sale in the course of its recent business,” New York Attorney General Eliot Spitzer said in a press release.
Wegmans to Establish Pharmacy School
Rochester, N.Y., Robert B. Wegman, chairman of Wegmans Food Markets, has donated $5 million to be used for the creation of the Wegmans School of Pharmacy at St. John Fisher College in Pittsford, N.Y. The school is expected to open in 2006.
Jo-Ann Appoints New VP
Hudson, Ohio, Jo-Ann Stores named David Holmberg executive VP, store operations. In this position, he will lead the strategic execution of the company’s transition to its newer superstore format. Holmberg has responsibility for store site selection, construction and visual merchandising, as well as the chain’s financial and operational performance.