Target, Inc.

Pleasanton, Calif. – Safeway Inc. is reportedly selling three shopping center it owns in Hawaii. According to Pacific Business News, Carlsbad, California-based Terramar Retail Centers is paying about $156 million for the centers.

Two of the centers are anchored by a Safeway – the 23-acre Hokulei Village in Lihue on Kauai for $52.25 million, and the 12-acre Lahaina Cannery Shops on Maui for about $60.3 million. Terramar is also paying $43.4 million for the 24.5-acre Target-anchored Puunene Shopping Center on Maui.

Minneapolis - Retailer participation in freestanding insert (FSI) coupon events and digital coupons distributed on retailer websites benefited from double-digit increases in 2014 compared to 2013. According to data from Marx, a Kantar Media solution, those participation rates were up 11.8% and 16.5%, respectively.

Minneapolis – Target Corp. laid off 1,700 mostly headquarters employees on Tuesday and is eliminating 1,400 open positions. According to the Minneapolis/St. Paul Business Journal, Target notified employees of the workforce reduction in an email.

The cuts are part of a two-year, $2 billion corporate restructuring. Roughly 13% of the jobs in Target’s Minneapolis workforce will be eliminated, the report noted.

There has been a lot of discussion in the last several years about the strength of the grocery sector. I think it’s clear that a big reason behind that success has been the evolution of different formats and the explosive growth of a new generation of grocery concepts that represent a significant departure from the traditional grocery model.

Target is trying to increase its appeal with Hispanic shoppers by launching a new marketing campaign focusing on customs that are unique to many Latino communities.

The campaign, called “Sin traduccion,” or “No translation,” will feature two television ads, as well as digital and in-store components.

According to Ad Age, the campaign is meant to be a celebration of moments, traditions and emotions that are treasured by many in the Hispanic culture and spark a larger conversation with the community.

New York -- Target Corp. plans to cut “several thousand” jobs, mainly at headquarters, during the next two years and invest $1 billion in technology and supply chain in 2015 as part of an ambitious and wide-reaching plan to transform its business for a digital age. (Target expects to invest between $2 and $2.2 billion in total capital expenditures in 2015.)
 

New York -- Nike will open its first clearance store location in New York City at The Shops at Sky View Center in Flushing, New York.

The 15,000-sq.-ft. Nike Factory Store is slated to open April 2 on Level B of the 700,000-sq.-ft. shopping destination.

Madison, Wis. -- Two locally owned businesses – Mes Amies and Waxing the City – will join the tenant lineup as part of the redevelopment of Hilldale shopping center, located in Madison, Wisconsin.

Women’s apparel boutique Mes Amies will open this summer, a relocation from Chicago. And waxing and personal care studio Waxing the City will make its Wisconsin debut with the Hilldale store, also slated to open summer 2015.