WAL-MART’S APPEAL: Wal-Mart isn’t giving up on its bid to open an urban Supercenter near downtown Dallas. The world’s largest company was dealt a humbling setback on June 6 when the Dallas Plan Commission denied the $218 billion retailer a zoning change required before the radical two-story Supercenter can be built near Love Field Airport in the trendy Oak Lawn neighborhood. On Tuesday, a Wal-Mart spokeswoman said the chain has appealed the commission’s ruling and plans to take the matter before the Dallas City Council for a deciding vote sometime this fall, though the date hasn’t been confirmed. Opposing neighborhood groups are expected to be out in force at the meeting.
This story first appeared in the July 31, 2002 issue of WWD. Subscribe Today.
SPLITSVILLE: Shares of Chico’s FAS split 2-for-1 Tuesday, its second split this year. The Fort Myers, Fla.-based specialty chain, which caters to women over 35, announced June 27 its intent to split the stock. As a result of the stock split, the number of outstanding shares of common stock will increase to about 82.4 million from approximately 41.2 million. Chico’s split 3-for-2 on Jan. 18. Chico’s shares closed at $17.70, down 34 cents, or 1.9 percent, in New York Stock Exchange trading Tuesday.
THOUGHT FOR FIT: The Fashion Institute of Technology said it has received $588,732 worth of Microsoft software to be used in the School of Continuing and Professional Studies’ Enterprise Technology Center — the school’s department for entrepreneurial business. The software is designed to support e-commerce Web sites, among other uses. This is the second grant that FIT has received from Microsoft’s Working Connections program, which supports information technology programs at community colleges and was created in 1997 with the American Association of Community Colleges. In 2000, FIT got $275,000 to get the school’s Internet Business Strategies and Internet Business Design noncredit certificate programs off the ground.