February 4, 2002-- Home Textiles Today,
Wal-Mart Canada adds five Quebec stores
Wal-Mart Canada continues to expand its presence in Quebec with the addition of five new stores to the province. The new locations will be in the cities of St. Constant, Valleyfield, Lasalle, Rosemere and Quebec City. Quebec will now be home to some 37 Wal-Mart Canada stores.
Fingerhut puts employees on paid leave
Fingerhut Cos. has put some of its employees on paid leave with full benefits while parent company Federated looks for a buyer. On Jan. 16, Federated announced its intent to shut down the Fingerhut division unless it found a buyer. Fingerhut spokeperson Ben Saukko said several potential buyers have emerged since then and have been referred to Federated's investment banker, Credit Suisse First Boston. In addition, last week a significant number of employees in the division's core catalog business, including those on paid leave, were given the 60-day notice required under the Federal Worker Adjustment Retaining and Notification Act that their jobs could end, he said.