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Scheels to open 220,000-sq.-ft. store in Sandy, Utah
New York City -- Sporting goods retailer Scheels will open a 220,000-sq.-ft. store in Sandy, Ohio. The store, which will be located at a new development to be called One Fourteen, will feature a 65-ft.-tall Ferris wheel, a 16,000-gallon salt-water aquarium, and “sports simulators” for golf, soccer, hockey, baseball, football and basketball.
Scheels operates 23 stores in eight states. The new Ohio location is expected to open in the fall of 2012. -
Limited Brands raises note offering to $1 billion
Columbus,Ohio -- Limited Brands has expanded its public senior debt offering to $1 billion from the $750 million that it initially announced on Tuesday.
The company plans to use net proceeds from the offering to repurchase $500 million worth of shares under a new stock buyback authorized by company's board. The new program includes $31 million remaining under the company's existing $200 million share repurchase program. Limited Brands has priced the notes, which come due in 2021, at 6.625%.