Waldenbooks Closes Store in Cincinnati
Cincinnati The Waldenbooks store at Kenwood Towne Centre in Cincinnati has closed, following the shuttering of sister locations downtown and in Springdale, Ohio.
Parent company Borders Group Inc. sent an e-mail to customers over the weekend to alert them of the closing. Borders is opening a store featuring its newest format at the neighboring Kenwood Towne Place.
The new, two-story Borders will include a digital center where shoppers can burn CDs or download books, interactive kiosks and 32-in. LCD screens in the food and travel sections.
Murray resigns from Cabela’s board
SIDNEY, Neb. Cabela’s announced that Stephen Murray resigned from the board of directors effective Jan. 20.
Murray joined the board of directors in December 2005. During his tenure, Murray served as a member of the compensation committee and the nominating and corporate governance committee.
Wal-Mart to own majority stake in largest Chilean food retailer
BENTONVILLE, Ark. and SANTIAGO, Chile Wal-Mart Stores announced that it has successfully completed its tender offer to acquire Distribucion y Servicio D&S S.A., Chile’s largest food retailer.
As a result of the transaction, Wal-Mart will own approximately 58.2 % of the issued and outstanding shares of D&S, including shares represented as American Depository Shares in the United States. Felipe Ibanez Scott and Nicolas Ibanez Scott will collectively retain approximately 40.1% of the shares of D&S, leaving approximately 1.7% held by the public. The tender offer period commenced Dec. 24 and closed at midnight Jan. 22 local Santiago time.
According to Craig Herkert, Wal-Mart EVP and CEO of the Americas, “Partnering with D&S, with its strong brands and its position as Chile’s largest food retailer, is an important step in implementing Wal-Mart’s international strategy. We continue to focus on portfolio optimization, global leverage and winning in every market.”