Strategy

BJ’s Wholesale Club Inc. is preparing to open its first store in a new state.

GBT Realty Corporation, a national commercial development company headquartered in Brentwood, Tennessee, is developing the BJ’s Wholesale Club in South Carolina, in the city of Summerville. The $12 million development is situated on a 10.5-acre site. The 87,800-sq. ft. membership warehouse club that will feature a BJ’s gas station is expected to open in late 2016. Construction is set to commence immediately following the acquisition of the site in December.

Advance Auto Parts announced its CEO is stepping down as the retailer also reported a decline in third quarter profit and nearly flat same-store sales.

The auto parts retailer reported that for the third quarter ended Oct. 10, same-store sales increased .5%. Profit declined 1.4% to $120.5 million, or $1.63 per share. Revenue ticked up slightly to $2.3 billion.

When your retail operation is already the size of a small city and you’re planning growth, maintaining communications is a critical task.

Bloomington, Minnesota-based Mall of America, which spans four levels and 5.5 million-sq.-ft. of retail space (plus parking ramps, service corridors, etc.) and is seeking to expand, faces that exact situation. The mall, home to 520 stores, more than 50 restaurants, an indoor theme park and other attractions, is switching from an analog communications system to the Motorola Solutions Mototrbo digital two-way radio system.

Target's board of directors has added a former executive of the retailer's largest supplier.

The board announced it has elected Melanie Healey, former group president, North America, of the Procter & Gamble Company, as a new director, effective immediately.

The “digital revolution” has turned the traditional retail marketplace upside down. Consumer expectations continue to rise and the Internet has broken down borders and created a global marketplace, dramatically increasing competition.

Walmart’s Thanksgiving weekend promotional strategy is taking a more digital, less promotional turn that may hurt sales but should lessen the scenes of customer chaos and conflict that find their way onto YouTube.

PayPal Inc. is continuing its evolution from serving as the digital payment platform for former parent company eBay Inc.

Since its July split from eBay, new PayPal initiatives have included serving as a payment option for a number of new retail partners, reversing a policy that previously excluded U.S.-based online gambling sites from accepting PayPal, and expanding a global free returns service in the U.S.

Target's board of directors has added a former executive of the retailer's largest supplier.

The board announced it has elected Melanie Healey, former group president, North America, of the Procter & Gamble Company, as a new director, effective immediately.