Walmart

Bids to assume the leases of 120-plus Hastings Entertainment stores will not be accepted after Sept. 15, announced RCS Real Estate Advisors.   The chain’s inventory was earlier purchased by Hilco Merchant Resources and Gordon Bros. Retail Partners after the music, movie, and video game chain was unable to emerge from Chapter 11. Hastings Entertainment was founded in 1972 by Sam Marmaduke, who as head of Western Merchandisers first convinced Walmart to carry music and continued to supply the chain until 1994.  

In a scenario that few could have predicted, Walmart has emerged as one of President Obama’s most reliable corporate allies, a partner that has backed the White House on more than a dozen initiatives, including Obamacare and climate change, bloomberg.com reported.  

Los Gatos Village Square

Location: 15466 Los Gatos Boulevard, between California Highways 85 and 17 in Los Gatos, California

Size: 46,235 sq. ft.

Developer: Donahue Schriber Realty Group

Grocery anchor: Trader Joe’s

Key tenants: Pet Food Express, See’s Candies, The UPS Store, AAA Automobile Club, Baja Fresh Mexican Grill

With few new grocery centers being built, developers are upping the ante on existing ones

Pat Donahue, together with his late brother Dan and business partner Tom Schriber, has been in grocery-anchored shopping centers since the ’90s. That’s when Schriber calculated that the company’s long-term fortunes, which had rested on mall development up until then, would be better wagered on high-traffic “necessity-based” retail.

“At malls you get ’em three times a month.

Get ready for a very competitive holiday season.

CommerceHub, a distributed commerce network for retailers and brands, is expanding its existing partnership with Walmart, integrating directly with Walmart’s online third-party marketplace.   Under the new agreement, CommerceHub’s network of approximately 9,500 customers, including many of the largest retailers, marketplaces and brands in North America, will be able to team up with Walmart.com.    

On Aug. 8, Walmart announced it would buy Jet.com -- one of the fastest growing e-commerce companies in the U.S. -- for a whopping $3 billion.   

Bonobos has decided to move from a consumer file sync and share solution to enterprise-wide content management in the cloud.   The menswear retailer is deploying Box’s content management platform enterprise-wide for managing and collaborating on content in the cloud.  

Shopko Stores confirmed Monday that executive VP of retail at Andre Persaud has left the company.

Wal-Mart Stores surprised the industry on Thursday with better-than-expected profit and revenue for the second quarter. The chain raised its full-year outlook in the wake of its strong performance.    The retailing giant reported that its net income rose 8.6% to $3.8 billion in the quarter ended, up from $3.5 billion in the year-ago period.    Total revenue rose 0.5% to $120.85 billion in the quarter, slightly above analysts' projection.