Pegulas Create Hospitality Division Roof Will Be Closed For Chick-Fil-A Kickoff SEC's Sankey Talks Cord-Cutting, "Super-Division" Kansas Speedway Signs Ice Cream Deal SoccerCity Petition Gets 100,000 Signatures Hornets "Flipping" Team Store At Arena Hendrick Motorsports Renewing AARP, MAC Tools Rockets-Thunder Leads Weekend Ratings Sources: Marlins Using Jeter To Elicit Interest In Team Braves' First SunTrust Park Homestand Goes Smoothly
Venator Group, "in another step to bolster flagging results and narrow its focus, announced plans to close two weak shoe-store chains" that have accounted for 7% of sales, according to Yumiko Ono of the WALL STREET JOURNAL. Ono reports that by year end, "Venator said it will close 467 Kinney Shoe and 103 Footquarters stores," which sell moderately-priced shoes and sneakers. Around 60 of the stores will become Lady Foot Locker, Kids Foot Locker and Colorado clothing stores. Venator said that about 1,400 full-time and 3,200 part-time jobs "will be affected" (WALL STREET JOURNAL, 9/17). In N.Y., Richard Wilner reports that an "as-yet unnamed outlet chain will be formed" to help Foot Locker and Champs "keep inventory fresh" (N.Y. POST, 9/17). CNN's Lou Dobbs reported that Venator will take a "$173 million charge" on the closings. Venator stock closed at 10 7/16, off 60% from its 52-week high ("Moneyline," 9/16).