Strategy

Tarrytown, N.Y. -- DLC Management Corp., which owns Stone Mountain Square in Stone Mountain, Ga., said Friday that Big Lots has opened a 26,355-sq.-ft. store at the shopping center.

Big Lots co-anchors the center with Ross Dress for Less, T.J. Maxx, Marshalls, Dot’s and Anna’s Linens.
 

CHESAPEAKE, Va. — Dollar Tree shareholders have re-elected a number of board members among other initiatives passed at the company's annual meeting.

Shareholders re-elected Arnold S. Barron, Macon F. Brock, Jr., Mary Anne Citrino, J. Douglas Perry, Thomas A. Saunders III, Thomas E. Whiddon, and Carl P. Zeithaml to serve on the board of directors. Each of these Directors received a majority of the votes cast at the meeting.

Dallas -- 7-Eleven said Thursday it has completed its previously announced transaction with convenience store operator Strasburger Enterprises and has acquired 23 c-stores in Texas, mostly under the Quix banner.

Terms of the deal, which brings 7-Eleven’s Texas store count to 570, weren’t disclosed.

Richmond, Va. -- Chattanooga, Tenn.-based CBL & Associates Properties said Thursday that Dick’s Sporting Goods will open a new store at Southpark Mall in Richmond, Va.

The existing Dillard’s location will be redeveloped into the new 56,000-sq.-ft. Dick’s store as well as a selection of specialty stores and restaurants. Construction is scheduled to begin in October with a grand opening slated for summer 2013.

The University of Arkansas Radio Frequency Identification Research Center will soon have a larger and permanent home following the unveiling this week of design plans for the new facility.

Montreal -- Aéropostale said Thursday that it is adding to its presence in Canada with the opening of its first store in Quebec, on June 15 at Place du Royaume in Ville de Saguenay.

The chain said that six more stores will open in 2012, including Place Laurier in Québec City, Fairview Pointe Claire in Point-Claire, Promenades St. Bruno in St. Bruno De Montarville, Galleria D'Anjou in Anjou, Mail Champlain in Brossard and Les Galeries de la Capitale in Québec City.

CINCINNATI — Fuel sales at Kroger helped drive the company's total sales up 5.8% to $29.1 billion in the first quarter of fiscal 2012 from $27.5 billion for the same period last year. Total sales, excluding fuel, increased 4.3% over the same period last year.

Identical supermarket sales, without fuel, increased 4.2% in the first quarter over the same period last year, marking the 34 consecutive quarters of positive identical supermarket sales for Kroger.

Merrimack, N.H. -- Indianapolis-based Simon Property Group said Thursday that it has opened Merrimack Premium Outlets, an upscale outlet shopping center serving the Greater Boston and Nashua markets.