- The bankruptcy judge overseeing Kmart Corp. has approved the company’s request that depositions being taken in a management probe be assured confidentiality. These depositions, which are being taken in an internal investigation into past management practices in the company, are still being taken, though Kmart expects the probe to be completed by year’s end.
Both the US Securities and Exchange Commission (SEC) and department of Justice also are conducting investigations into Kmart’s management practices, but they are likely to take longer to complete.
- The Pittsburgh Post-Gazette reports that Giant Eagle has opened up two redesigned "Kitchens" at stores in Robinson and Ohio Township that take “aim at the quick-casual restaurant chains taking off around the country. Places such as Panera Bread, Chipotle Mexican Grill, even Boston Market, offer a more upscale selection in a cozy setting.”
"Basically we want to be a stand-alone restaurant that happens to be in the grocery store," Lou Coppola, director of prepared foods for Giant Eagle, told the paper.
The company is looking to double its current two percent distribution figure for its prepared foods departments.