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  • Aldi to open first New Hampshire location

    Boston -- WS Development announced that Aldi will open a new store at Stateline Shopping Center, located in Salem, N.H.

    The new store, the grocer’s first in the state, will join a newly opened Lowe’s anchor, as well as Sovereign Bank and NAMCO at the recently redeveloped 232,000-sq.-ft. shopping center.

  • A carrot and stick approach to reduce port pollution

    Such retailers as Target, Best Buy, Home Depot, JCPenney, Lowe’s and Walmart are part of an organization called the Coalition for Responsible Transportation (CRT) that is pushing a new approach designed to reduce emissions at the nation’s ports. The retailers along with Hewlett Packard, Nike and a host of leading transportation providers have teamed with the Environmental Defense Fund and the U.S. Environmental Protection Agency to launch a program called, “EPA SmartWay Drayage Program.”

  • 'Virtual Assistant' technology makes retail debut at Duane Reade

    New York City -- Next-generation digital signage that uses the latest in holographic imaging and audio-visual technology to create the illusion of a real person is making its U.S. debut at Duane Reade’s new flagship in downtown Manhattan.

  • Wal-Mart names Asda COO

    Bentonville, Ark. -- Wal-Mart Stores announced Friday that its U.K.-based Asda unit has promoted Judity McKenna to the position of COO.

    McKenna is currently Asda’s finance director.

  • Borders to sell itself to private investment firm for $215 million

    Ann Arbor, Mich. -- Borders Group announced Thursday that it has agreed to sell itself to Najafi Cos. for $215 million. The deal is subject to court approval.

    Najafi Cos. is a Phoenix-based private investment company which owns the Book-of-the-Month Club.

    The "stalking horse" bid will open an auction for the company and its assets, so a higher bid is possible, according to reports.

  • CSA columnist Jeff Green: Do medical uses belong in retail centers?

    In his newest column, Retail Rap with Jeff Green, Chain Store Age columnist Green examines the early uptick in medical users in retail centers and questions why the trend has apparently stalled.

    Click here to read his latest editorial. 

  • Tanger Outlet Centers and Simon form JV to open new outlet center

    Houston -- Greensboro, N.C.-based Tanger Factory Outlet Centers and Indianapolis-based Simon Property Group announced Thursday that they have entered into a 50/50 joint venture agreement to develop a Tanger Outlet Center south of Houston, in Texas City.

    Phase I is slated for 350,000 sq. ft. of brand name and designer outlet stores; the 55-acre site is expected to accommodate future expansion of about 120,000 sq. ft.

    Tenant announcements and ground breaking ceremonies are slated for July; the center is scheduled to open in summer 2012.

  • Lucernex, NRTA survey: Retailers not yet acting on FASB changes

    Dallas -- A survey released by Lucernex Technologies that polled the National Retail Tenants Association members about preparedness for the upcoming FASB changes found that, for the most part, retailers are generally not ready for the new rules to take effect.

    In the NRTA membership survey “FASB Preparedness in the Retail Industry,” five key findings were revealed:

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