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January 7, 2002

USA: Lazarus To Close Three Stores, 190 Workers Hit

The Rich's/Lazarus/Goldsmith's division of Federated Department Stores Inc plans to close three under-performing Lazarus stores in early 2002 with the possible loss of 190 jobs. The closings are part of a strategic refocus on markets and locations that have higher future growth potential for the company.

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