• , Jan 28, 2002, 12:00 AM
  • Toys "R" Us to Cose 64 Stores, Cut 1,900 Jobs (Reuters) Toys "R" Us, Inc., the No. 1 toy retail chain, said on Monday in a bid to boost profitability it is closing 64 stores, cutting 1,900 jobs and expects to record about $126 million in after-tax charges on fourth-quarter results from the restructuring. Read the whole story...
  • Kmart's Ad Cuts Hurt Business (E&P) When Kmart became on Tuesday the largest U.S. retailer ever to file for bankruptcy protection, newspaper executives blanched at the sight of the turmoil afflicting such a large advertising buyer. At the same time, some used the event to point to the perils of cutting ad budgets. Read the whole story...