- The Detroit News reports that Kmart plans to introduce a new line of housewares designed to supplement its Martha Stewart line. The paper writes that “the line will be called Essential Home -- replacing Kmart's current brand, Home Essentials,” and will be positioned a somewhat trendier than the Stewart line.
Despite Stewart’s imprisonment after her conviction on charges that she lied about a stock sale, her line remains the most successful carried by Kmart, accounting for more than five percent of the company’s sales.
- The Sacramento Business Journal reports that Ralphs is closing 11 stores in California, including two stores in Sacramento, saying that the units have been losing money.
The company said that it will do its best to move employees to other units.
- A federal court has approved a $22.4 million settlement reached between more than 2,000 janitors and three California supermarket chains – Albertsons, Ralphs and Safeway. The janitors claimed that they were not paid proper wages and benefits, and sometimes had been required to work 365 days a year without overtime. The settlement will be split among the janitors.