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Strategy

  • TJMaxx to Brass Mill Commons in Waterbury, Conn.

    New York -- TJMaxx has signed a lease at the Brass Mill Commons in Waterbury, Conn., according to Charter Realty and Development, TJMaxx’s representative in the negotiations.

    The new TJ Maxx store will be 22,889 sq. ft. and the 26th deal that Charter has leased to TJX. TJMaxx is a division of TJX, which also owns Marshall’s and HomeGoods.

  • FTC approves Office Max-Office Depot deal

    Naperville, Ill. -- The U.S. Federal Trade Commission has approved the merger of Office Max Inc. and Office Depot, the retailers said in a joint statement on Friday. The companies anticipate completing the transaction after market close on November 5, 2013.  

  • The Container Store makes market debut

    The Container Store began trading on the New York Stock Exchange, under the ticker symbol “TCS.” Expectations were high: On Thursday, the retailer set its IPO price at $18 per share, higher than the originally-expected range of $14 to $16 per share.

    The company is offering all 12.5 million shares of common stock, with an additional 1.9 million shares 30-day purchase option for the underwriters.

     

     

  • Marshalls opens in Washington, D.C.

    Washington, D.C. —Marshall’s has opened its second Washington, D.C. store. According to the Washington, D.C., Economic Partnership, the 28,925-sq.-ft. store is located at the National Press Building at 14th and F Streets downtown. Marshall’s is planning a third location for the Shops at Dakota Crossing in the city’s northeastern quadrant.

  • Customer visits bolster Harris Teeter same-store sales

    Grocer Harris Teeter credited its pricing and promotional strategies for driving unit sales and customer visits, which led to increased net and same-store sales for fiscal 2013.

    For fiscal 2013, sales rose 3.8% to $4.71 billion from $4.54 billion in the year-ago period. Same-store sales for the year increased 2.23%.

  • Dick’s Sporting Goods opens three new stores, one remodeled store Nov. 8

    Pittsburgh – Dick’s Sporting Goods will open three new stores and one remodeled store on Nov. 8. The new stores will be located at Newport Pavilion in Newport, Ky., Bartonsville Square in Stroudsburg, Pa., and South County Mall in South County, Mo.

    Dick’s will also open its newly remodeled store in Saratoga Springs, NY on Sunday, Nov. 10.

    The new stores will mark Dick’s 10th store in Kentucky, 37th store in Pennsylvania, and 13th store in Missouri. Dick’s will operate 555 stores in the U.S. as of Nov. 10.

  • Blue Nile’s international business bolsters third quarter results

    Blue Nile, a leading online retailer of diamonds and fine jewelry, experienced its sixth consecutive quarter of double digit growth.

    Net sales increased 10.1% to $98.9 million for the third quarter, compared to $89.8 million for the year-ago quarter.

  • Walmart unveils U.S. manufacturing projects

    Walmart U.S. president and CEO Bill Simon and Secretary of Commerce Penny Pritzker announced at the SelectUSA 2013 Investment Summit that three suppliers have made new domestic manufacturing commitments that will create 385 jobs.

    The move is part of the retailer’s previously announced pledge to buy an additional $50 billion in U.S.-made products over the next decade.

    Walmart said that Elan-Polo, Louis Hornick & Company and EveryWare Global will produce footwear, curtains and glassware, respectively.

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