STEW LEONARD'S, Norwalk, Conn., was scheduled last week to break ground for its third store and the first store outside Connecticut -- a 122,000-square-foot store in Yonkers, N.Y., just north of New York City. The store, which is expected to open next summer, will be located in a new commercial center with Home Depot and Costco in what the company is calling "a destination location" just off the Thomas E. Dewey Thruway. The company's two existing stores are here and in Danbury.
raise approximately $81.1 million (U.S.) last week by offering 24 million cumulative preferred financing shares at a price of $3.38 per share (U.S., at a rate of $1 equals 50 NLG). The company said proceeds would be used for general corporate purposes in the Netherlands.
SPARTAN STORES, Grand Rapids, Mich., said it has donated $379,900 to the Special Olympics Michigan summer games; $20,000 to Special Olympics Ohio games, and $10,000 to Special Olympics Indiana games. Funds were raised from customer purchases of specially designated products at approximately 450 participating Spartan stores. The distributor said it donated an additional $163,000 to the Special Olympics Michigan -- raised by retail customers through a series of special events with Pillsbury and General Mills -- to cover the cost of feeding and housing 3,400 athletes during the three-day competition.