FINANCE

Super Bowl Spending Down

BY CSA STAFF

Washington, D.C., The nation’s consumers are expected to spend $5.3 billion on Super Bowl XL, a projection down about 5.4% from the $5.6 billion spent in 2005, according to the National Retail Federation (NRF). The game, featuring the Pittsburgh Steelers and the Seattle Seahawks, is set for this Sunday.

Krugman said that consumers are expected to buy 1.7 million new televisions in time for the big game.

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News

Chico’s FAS Acquires Fitigues

BY CSA STAFF

Fort Myers, Fla., Chico’s FAS announced Monday that it has acquired 12 of 14 retail locations of the Arizona-based clothing retailer Fitigues for an undisclosed price. The stores will operate as a new branded division of Chico’s.

“By bringing Fitigues under the Chico’s umbrella, we can provide the necessary capital, back office operations assistance, and leverage needed to successfully expand this brand across America over the next several years,” said Scott A. Edmonds, Chico’s president and chief executive.

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OPERATIONS

Walgreens Sued by Pharmacists

BY CSA STAFF

Deerfield, Ill., Alleging they were illegally fired, four Walgreens pharmacists have sued the company. The terminations came after the pharmacists refused to sign a pledge promising to dispense the morning-after birth control pill.

A new Illinois law requires that, for emergency birth control, federally approved contraceptives be filled “without delay” if a pharmacy has the medication in stock. The rule is being challenged in federal court.

An attorney for the plaintiffs said in a statement, “It couldn’t be any clearer. In punishing these pharmacists for asserting a right protected by the Conscience Act, Walgreens broke the law.”

However, Walgreens has countered by saying it is upholding the current statute. “We are required to follow the law,” said company spokesman Michael Polzin. “We don’t have a choice in the matter.”

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