Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, March 17, 1993 TAG: 9303170402
SECTION: BUSINESS PAGE: B8 EDITION: METRO
SOURCE: Associated Press
DATELINE: LENGTH: Medium
IN BUSINESS
Bedford Leggett to become an outletLeggett said Tuesday it will convert its Bedford department store to a Leggett Outlet Center in mid-August. The store will feature merchandise that has been reduced at other stores, plus special-purchase merchandise, said R. Nick Markham, the company's spokesman in Lynchburg.
The store will be designed with checkout counters instead of retail service desks.
The current operation will close in mid-July to be revamped. Leggett operates two other outlet stores, in Hampton and Fredericksburg. Two more are scheduled to open this year, but Markham would not give their locations.
The Bedford store, in Westgate Shopping Center, is one of few Leggett's remaining in small towns. Stores in downtown Rocky Mount and in Lewisburg, W.Va., are scheduled to close by mid-April.
Including outlets, Leggett operates 45 stores in five states. - Staff report
Briefly T.J. Maxx, a Framingham, Mass.-based apparel retailer, will open a store April 4 in Candlers Station Shopping Center, east of River Ridge Mall in Lynchburg. It will be the company's 17th store in Virginia.
\ First Virginia Insurance Services Inc. has moved its office from Fincastle to 2036 Colonial Ave. in Southwest Roanoke, across from Towers Mall. The company is a subsidiary of First Virginia Banks Inc. of Falls Church.
\ Home Shopping Network Inc., St. Petersburg, Fla.-based television retailer with an order-filing warehouse in Salem, said Tuesday it is redeeming all of its 11 3/4 percent senior notes. The outstanding principal balance of $43.3 million will be redeemed on April 15 at a price equal to 104 percent of the principal balance.