Skip to main content

Retail

  • EBay, Wal-Mart, Google endorse GS1 online commerce guide

    Lawrenceville, N.J. -- EBay, Google and Walmart have endorsed a new GS1 U.S. guide that resolves incorrect and duplicate product information online. Developed for e-tailers, retailers, e-commerce platform providers, content aggregators and content distributors, the GTIN Validation Guide offers best practices for leveraging GS1 standards to enhance the consumer shopping experience while boosting e-tailer efficiency, revenue and loyalty.

  • No more bidders for Safeway as ‘go shop’ period expires

    Pleasanton, Calif. – Safeway Inc. on Friday said that no other bidders have emerged during the 21-day “go-shop” period following the announcement of its agreement to be acquired by AB Acquisition, the parent of Albertsons.

    Under the definitive merger agreement, Safeway and its representatives were permitted to solicit and engage in negotiations with respect to alternative acquisition proposals during the 21-day period that ended on March 27 (the "go-shop" period).

  • Wal-Mart files $5 billion suit against Visa over card fees

    Bentonville, Ark. – Wal-Mart Stores Inc. filed suit with the U.S. District Court for the Western District of Arkansas suing Visa for $5 billion, alleging that the financial services company overcharges on the credit and debit card swipe fees it charges retailer.

    The suit claims that Visa colluded with banks to fix swipe fees between January 2004 and November 2012, forcing it to raise prices and reduce customer service, resulting in lost retail sales.

  • Doerken acquires Oceanside, Calif., shopping center

    Oceanside, Calif. — Doerken Properties Inc. has acquired Flags on Mission Shopping Center in Oceanside, Calif., for $12.6 million. El Super grocery and dd’s Discounts anchor the 107,600-sq.-ft. property.

    The Carlsbad, Calif., office of Lee & Associates brokered the transaction representing both the buyer and the seller, Mission Avenue Investors.

  • NewMark Merrill awarded best 2013 retail project in Los Angeles

    Baldwin Park, Calif. The Los Angeles Business Journal has awarded NewMark Merrill Companies the Gold level “Best 2013 Retail Project in Los Angeles” for Park Plaza on Maine in Baldwin Park, Calif.

    NewMark Merrill carried out a major $2.5 million renovation on the 165,000-sq.-ft. shopping center.

  • PetSmart opens new DC in Pennsylvania

    Phoenix -- PetSmart on Friday celebrated the opening of a new distribution center in Berks County, Pa.

    The new facility will bring an estimated 500 jobs to Berks County by the end of 2016. The 870,000-sq.-ft. DC will serve 25% of PetSmart’s stores in eleven states, handling and delivering consumables, hard goods and fish to 170 PetSmart stores in 2014 and more than 260 stores by 2015.

  • Lane Bryant opens new stores in New Jersey, Texas

    Columbus, Ohio – Lane Bryant opens two new stores in Marlton, N.J., and Odessa, Texas on March 28. The New Jersey store is located at Willow Bridge Plaza and the Texas store is located at Chimney Rock.

    Lane Bryant operates 775 stores nationwide and also operates an e-commerce site.

  • Fred’s net income falls in Q4

    Memphis, Tenn. – Fred’s Inc. reported a substantial 34.5% decrease in its net income during the fourth quarter of fiscal 2013, to $5.56 million from $8.49 million in the same quarter a year earlier. Net sales declined 7.2% to $495 million from $533.4 million, and same-store sales grew 0.1%.

X
This ad will auto-close in 10 seconds