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Retail

  • Toomer’s Coffee, Auburn Rays to Hamilton Place

    Auburn, Ala. — Toomer’s Coffee Company and Auburn Rays have each leased 1,400 sq. ft. in Hamilton Place Shopping Center in Auburn, Ala., according to Pine Tree Commercial, which owns the property in partnership with Privet Investments LLC and Silverpeak Real Estate Partners.

    The Shopping Center Group represented the landlord in the transaction.

     

  • Report: Market Basket to continue $300 million payout

    Tewksbury, Mass. – DeMoulas Supermarkets Inc., operator of the Market Basket supermarket chain, has reportedly been allowed by a judge in Suffolk Superior Court in Massachusetts to continue making a $300 million payout to shareholders.

    According to the Boston Globe, Judge Judith Fabricant denied a motion by Arthur T. DeMoulas, president of DeMoulas Supermarkets, to stop the payout, which had been approved by a majority of the company’s board of directors. All nine shareholders receiving the payout are members of the DeMoulas family.

  • 99 Cents Only opens stores in Southwest

    City of Commerce, Calif. – 99 Cents Only Stores, Inc. is opening two new stores in the Southwestern U.S. today. One is located in Arizona, and one in Texas.

    99 Cents Only is opening its first store in Laveen, Ariz. at 3610 West Baseline Road. The store is approximately 11,685 sq. ft. and will feature a perishable food department, including produce, dairy and frozen foods.

  • Study finds high customer satisfaction among U.S. online shoppers

    Reston, Va. -- Online shoppers in the U.S. lead the world in customer satisfaction. According to the latest UPS Pulse of the Online Shopper report released in conjunction with comScore, Inc., shoppers in the U.S. are the most satisfied with online shopping experiences at 83%, while consumers in the Asia Pacific are least satisfied at only 50%.

  • Schnuck Markets names former Giant-Landover prez as strategy chief

    Former president of Giant-Landover, Anthony Hucker, has joined Schnuck Markets as EVP and chief strategy officer.

    Hucker recently resigned as president of Giant-Landover, a chain owned by Ahold USA that runs 169 stores in the District of Columbia and surrounding areas.

    "Anthony is a tremendous talent who shares our values; he's customer-focused and a true merchant in every sense," Schnucks chairman and CEO Scott Schnuck said. "We expect that he will add velocity to efforts that will ensure Schnucks' continued growth and success."

     

  • Report: Trader Joe’s to open store in Hingham, Mass., in October

    Monrovia, Calif. – Trader Joe’s will reportedly open a new store in the Hingham Shipyard complex in Hingham, Mass., on Oct. 4.

    According to the Hingham Journal, Trader Joe’s signed a lease with Samuels & Associates in winter 2012 to open a 12,000-sq.-ft. store in the Launch portion of the Shipyard complex.

  • J.C. Penney seeks to raise cash equity

    J.C. Penney is looking to raise $750 million to $1 billion in cash equity. According to Reuters, J.C. Penney, which is valued at $2.6 billion, is considering issuing new stock shares as well as other unspecified alternatives.

  • Staples Canada reports 9% drop in energy consumption for second quarter

    Ontario, Canada -- Staples Canada announced its sustainability achievements for the second quarter of 2013, including a 9% drop in energy consumption (over the year-ago period). The retailer continues to focus on its long-term commitment to growing the business in a sustainable manner, and reducing its impact on the environment.

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