-
Borders extends leases on 11 stores
New York City -- Borders Group has reached agreements with its landlords to extend the leases on 11 stores it had previously asked a bankruptucy court to shutter, the Associated Press reported.
Last week, the chain asked permission to start liquidating 51 stores because of a condition for its financing. But it said at the time it was actively working to keep them open.
-
Cheesewright to educate investors in Canada
Walmart Canada president and CEO David Cheesewright is scheduled to speak next week at the Jefferies 2011 Global Consumer Conference near Boston. Walmart doesn’t typically push country presidents on stage at investor conferences except at its own analysts’ meetings when it has hosted events overseas in such places as China earlier this year or prior years in Brazil and the United Kingdom. However there are some interesting things going on in Canada these days, and the Jefferies event is an opportunity for Walmart to showcase some of its management talent.
