Dollar Express chain is sold

Article Abstract:

Dollar Tree Stores Inc. bought Philadelphia-based Dollar Express for $307 million.

All Other Specialty Food Stores, Variety stores, Discount Stores, Dollar Tree Stores Inc., DLTR, Dollar Express Inc.

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Video City merger is placed on hold; the chain arranged to buy Philadelphia-area West Coast, but then sought bankruptcy reorganization

Article Abstract:

In a case that's being called "legalized loan sharking," California-based Video City Inc. and Philadelphia's West Coast Entertainnment Corp. filed suit against Fleet Retail Finance Inc. The two video chains have since called off their merger because of the practices of Fleet which put Video City into bankruptcy. In the suit a bank official was quoted as saying, "We want them to go bankrupt...we enjoy that kind of stuff." Fleet is a unit of BankBoston Retail Finance.

Legal issues & crime, Financial Services, Finance and Insurance, Prerecorded Tape, Compact Disc, and Record Stores, Record & prerecorded tape stores, Videotape Sales & Rental Stores, Video stores, Fleet Retail Finance Inc., BankBoston Retail Finance Inc., Video City Inc., West Coast Entertainment Corp., WCEC

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Jones confirms plans to buy Nine West

Article Abstract:

Bucks County, Bristol, PA-based apparel giant Jones Apparel Group's share prices dropped when the company recently announced its acquisition of Nine West. Analysts feel that the $1.4 billion deal will propel Jones too far afield from its core business which is womens' apparel. Jones markets casual and career clothes such as Ralph Lauren, Evan Picone, Rena Rowen and Jones New York. Timothy Ghriskey, portfolio manager at Dreyfus Corp. said that he felt that Jones would have gained just as much from a licensing agreement.

Comment:

Bucks County, Bristol, PA-based apparel giant Jones Apparel Group's share prices dropped when the company recently announced its acquisition of Nine West.

Other Footwear Manufacturing, Nonrubber Footwear, APPAREL AND OTHER TEXTILE PRODUCTS, Apparel & Related Products, Apparel Manufacturing, Footwear, Except Rubber, Footwear industry, Footwear, Jones Apparel Group Inc., JNY, Nine West Group Inc. (White Plains, Connecticut), NIN

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