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Strategy

  • Kroger Marketplace opens 11th North Texas location

    Burleson, Texas - Cullinan Properties welcomes Kroger Marketplace to Burleson Commons, located in Burleson, Texas. Kroger’s grand opening celebrations take place on Jan. 8 and join Premiere Cinemas as co-anchors to the shopping center.

  • A good Christmas for Five Below

    Five Below says its same-store sales rose 4.1% during the holiday season, prompting the company to boost its guidance for the fourth quarter.

    The company announced that net sales for the nine-week period ended Jan. 2 increased by 24% to $286.1 million from $230.7 million in the comparable nine-week period of fiscal 2014, while same-store sales for this period increased by 4.1% over the comparable period in fiscal 2014.

  • Top 10 Women in Tech

    If a “leader” is someone who knows how to take charge, achieve goals and inspire others along the way — even in the most trying of circumstances — then the women featured in this special section are leaders in every sense of the word. They have toiled and proved their mettle — and smarts — in a field that traditionally has not been all that female-friendly: technology.

  • J.C. Penney overcomes warm weather with omnichannel

    Less than 12 hours after Macy’s shared bleak holiday results, J.C. Penney said enhanced digital capabilities helped it to produce strong holiday season same store sales growth which allowed the company to reaffirm its full year profit forecast.

  • Walgreens’ earnings growth, Rite Aid acquisition ‘on track’ after Q1

    Walgreens Boots Alliance on Thursday reported net sales of $29 billion, representing an increase of 48.5%, for the first quarter 2016 that ended Nov. 30, 2015. The significant growth was attributed to the inclusion of Alliance Boots consolidated results, the company reported.

    Wall Street had expected $29.2 billion in overall revenue, according to analysts polled by Thomson Reuters.

  • Retail groups have mixed reaction to updated waste management proposals

    The leading retail associations — including the Retail Industry Leaders Association, the Food Marketing Institute, the National Association of Chain Drug Stores and the National Retail Federation — gave a mixed reaction to new waste management proposals by the Environmental Protection Agency.

    While the associations called the proposed regulations a “step forward,” they also expressed concern about how the rules would impact the disposal of unsold consumer products and pharmaceuticals by stores.

  • Supervalu files to spin off Save-A-Lot

    Supervalu Inc. on Thursday moved closer to spinning off its Save-A-Lot division as a public company, filing a plan with the Securities and Exchange Commission.

    Under the plan, Supervalu shareholders will own at least 80.1% of the spun-off company. The stock would be publicly traded under an as-of-yet unidentified ticker. Supervalu did not set a deadline for taking Save-A-Lot public.

  • Nordstrom Rack on the move

    Nordstrom continues to expand its off-price format, with plans to open a Nordstrom Rack at The Marketplace at Braintree in Braintree, Massachusetts. The approximately 35,000-sq.-ft. store, leased from Seritage Growth Properties is scheduled to open in fall 2016.

    Nordstrom Rack at The Marketplace at Braintree will join a diverse group of retailers including Ulta Beauty, Sports Authority, Best Buy, Bed Bath & Beyond and PetSmart. The 351,282-sq.-ft. center is located south of downtown Boston and near main highways including I-93, I-95 and Route 3.

  • Children’s Place pops on strong holiday sales

    Children’s Place did the most shareholder friendly thing possible just days after it announced a slate of other shareholder friendly measures.

  • Report: Whole Foods overhauls customer experience with IT

    Whole Foods had a difficult 2015 that included falling sales and stock value, as well as a pricing scandal. However, as Marketplace Business reports, Whole Foods is looking to regain its footing in 2016 with help from a redesigned, IT-centric customer experience. [Marketplace Business]

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