Chain Store Age | The leading provider of retail news and analysis

OPERATIONS

Walmart raising wages for some 165,000 hourly workers; adding new roles

Walmart is introducing a new team-based operating model for its supercenters that includes higher wages for some of its salaried and hourly store employees.

REAL ESTATE

Centennial hatches plan to let people shop their malls like they shop Amazon

Back in March and April, when the COVID-19 pandemic began putting malls out of business, Centennial executives hunkered down in a series of defensive planning meetings to weather the crisis.

FINANCE

Ann Taylor parent sells Catherines for $40.8 million

Ascena Retail Group Inc., whose banners include Ann Taylor, Loft and Lane Bryant, is selling its plus-size Catherines brand for more than double what it was originally offered.

6 Strategies to Improve Employee Financial Stress and Maximize Productivity

8/1/2020 — New research shows connection between employee financial wellness and chain store performance

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REAL ESTATE

Emerging from the pandemic, PREIT signs new tenants at six malls

Shopping centers and malls continue to work their ways out of the confines of COVID-19 with gains in traffic and new tenants coming on-stream.

STORE SPACES

Walmart Health expanding into new markets; partners to speed up construction

Walmart is expanding its one-year-old freestanding health care format beyond its initial home base.

REAL ESTATE

Owners optimistic about plan to save Connecticut’s largest mall

With 1.3 million sq. ft. of gross leasing area and minus two anchors with the departures of Sears and J.C. Penney, The Connecticut Post Mall in Milford is encountering the same questionable future.