– VALUE CITY STORES: Retail Ventures Inc. on Wednesday said its subsidiary Value City Department Stores has signed a definitive agreement to assign or sublease up to 24 locations to Burlington Coat Factory. The move is part of RVI’s previously revealed review of strategic alternatives to generate value for shareholders. The 24 stores will continue to operate through the holiday season, but will close by the end of March 2008. RVI said the number of stores is subject to change, and proceeds from the assignment and sublease of the stores will be used to reduce Value City’s debt.
– TARGET IS TARGETED: A federal district court judge in San Francisco on Tuesday gave class-action status to plaintiffs in a lawsuit filed against Target Corp. for not making its Web site accessible to vision-impaired people. The initial lawsuit was filed by the National Federation of the Blind, the National Federation of the Blind of California and Bruce Sexton. It alleged target.com lacks technological features that can read navigation links aloud, allowing a blind user of the site to navigate using a keyboard instead of a mouse. The complaint was originally filed in the Superior Court of California in February 2006, but was moved to the federal court in March 2006. Target could not be reached for comment.
– CLUB 21 GOES GREEN: As part of its 35th anniversary this year, Club 21 is putting a focus on the environment for its fund-raising and customer education efforts. The Christina Ong-owned luxury retail company is collaborating with Giorgio Armani, Donna Karan, Jil Sander, Marc Jacobs, Marni and Paul Smith for an online charity auction. The designers contributed 35 one-of-a-kind fashion pieces, which they signed to be auctioned off on eBay Oct. 18 to Nov. 4. The sale will benefit the Fashion for the Environment initiative, which is devoted to environmental causes, and proceeds will go to such charities as The Rainforest Foundation in the U.S., Fields in Trust in the U.K., Wildlife Warriors Worldwide in Australia and The Thailand Environment Foundation.
This story first appeared in the October 4, 2007 issue of WWD. Subscribe Today.