Rapidly expanding Kohl's Department Stores plans to open its first Washington location in Marysville. The Menomonee Falls, Wis.-based chain targets middle-income consumers...

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Rapidly expanding Kohl’s Department Stores plans to open its first Washington location in Marysville.

The Menomonee Falls, Wis.-based chain targets middle-income consumers. It has 728 stores in 41 states, and plans to open 95 more this year, according to its Web site.

Kite Realty Group of Indianapolis and Boise-based White-Leasure Development plan to develop a 255,000-square-foot community shopping center that includes an 88,000-square-foot Kohl’s.

When fully developed, Gateway Shopping Center will also include a 93,000-square-foot Winco Foods, an unnamed 30,000-square-foot store and up to 45,000 square feet of small shops. No opening date has been released.

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Expedia

Spinoff approved

by shareholders

The shareholders of IAC/InterActiveCorp have approved the spinoff of Expedia and its other travel-related businesses such as Hotels.com, the Web conglomerate said yesterday.

After the transaction, scheduled to close the week of Aug. 8, IAC will have no ownership interest in Bellevue-based Expedia. IAC will focus on its Web properties including Match.com, Citysearch, LendingTree and Web search company Ask Jeeves, an acquisition that closed yesterday.

IAC said that on the first trading day after the spinoff is completed, Nasdaq trading will start for Expedia under the symbol EXPE.

Corixa

Glaxo takeover

meant 70 layoffs

Corixa said in a filing with the state Employment Security Department that 70 workers in Seattle were given layoff notices last Wednesday, the day after GlaxoSmithKline’s $300 million cash takeover was approved by shareholders and the merger was completed.

Corixa had 220 employees in Seattle and Hamilton, Mont., when the acquisition was announced in April. GlaxoSmithKline spokeswoman Patty Seif said the company now plans to have 125 employees in Montana and 39 in research and development at the 9th & Stewart Life Sciences building in Seattle.

Boeing

Former diplomat

to head U.K. unit

Boeing named Roger Bone, a former British ambassador, as president of the company’s U.K. business.

Bone, 60, will succeed Michael Jenkins, who becomes a consultant to Boeing. Bone’s 40-year diplomatic career concluded with a posting as U.K. ambassador to Brazil from 1999 to 2004.

Compiled from Seattle Times business staff, Reuters and Bloomberg News