Capstone Industries Introduces Exclusive New Silicone Battery Technology at Aapex and Office Depot Delays Earnings
City of Industry, CA --(www.USEquityNews.com)-- 10/30/2007 - Retail industry alert provided by U.S. Equity News. CHDT Corp's (OTCBB: CHDO) wholly owned subsidiary, Capstone Industries Inc., a consumer products company focused on placement of consumer products into retailers nationwide, has introduced a new silicone battery technology to be used in many of its STP® rechargeable battery powered products. The company will unveil its initial line of STP® branded Jump starters, and spot lights using a newly patented silicone battery technology. The Eco Friendly, Silicone battery is lead and nickel free and non toxic.
Wal-Mart Stores Inc. (NYSE: WMT) has joined a group of landlords protesting Movie Gallery Inc.'s plan to close more than 500 of its stores during its Chapter 11 bankruptcy case. In papers filed recently with the U.S. Bankruptcy Court in Richmond, Va., Wal-Mart joined landlords requesting that the court rescind its approval of rules governing the auction of leases on most of the 520 stores that Movie Gallery intends to shut down. The major discount retailer leases space to Movie Gallery in several locations, including stores in Kentucky, Tennessee, Florida and California. Most of the leased space is located inside Wal-Mart stores.
Paper and office supplies retailer Office Depot said Monday it was delaying its third-quarter earnings release. The Florida-based office products retailer said the delay is because an independent auditor is reviewing "vendor program funds." Office Depot (NYSE: ODP) was to announce its third-quarter earnings on Oct. 30. The company said it will soon announce a new date for that report. Office Depot has business services offices and sales operations in Phoenix.
A redevelopment plan for Upper Arlington's ailing Kingsdale Shopping Center includes a new Target Corp. store. Regency Centers LP, the 252,000-square-foot mall's Jacksonville, Fla.-based owner, presented a plan to the Upper Arlington Board of Zoning and Planning that includes an upgraded tenant mix, a 20,000-square-foot expansion of 58,000-square-foot anchor Giant Eagle, and a 132,000-square-foot Target (NYSE: TGT). The goal is to redevelop the nearly 50-year-old space as 100 percent retail, with the exception of a nearby medical office building.
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