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  • Report: Shoppers seeking bargains for back-to-school needs

    Denver -- The majority of consumers are being budget-smart about back-to-school shopping. Not only are they seeking out the best prices, but they’re also shopping early – 48% of shoppers polled said they were beginning their shopping a month before the first bell rings, according to a back-to-school shopping report by ShopAtHome.com, the coupon search engine. The report, which tracks consumer search habits on the site, also shows that 42% of consumers will shop more generic brands than last year.

  • Big Lots to anchor Bayshore Plaza

    Barnegat, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Big Lots is slated to open a new anchor store at Bayshore Plaza in Barnegat, N.J., in August.

    The 31,612-sq.-ft. store will fill a space formerly occupied by A&P.

    Additional tenants include McDonald’s, AT&T Wireless, Barnegat Pharmacy, and a mix of local restaurants and services.

    Levin serves as leasing and managing agent for Bayshore Plaza.
     

  • Two eateries join NewPark Mall

    Newark, Calif. -- NewPark Mall in Newark, Calif., announced the upcoming addition of two new food court eateries: Taqueria La Tita and Crepe Bar are slated to open in August. Taqueria La Tita will open in 613 sq. ft. and La Crepe will measure 666 sq. ft.

    NewPark Mall is anchored by Macy's, Sears, J.C. Penney and Burlington Coat Factory.
     

  • Body Central Corp. profit dips in Q2

    Jacksonville, Fla. -- Body Central Corp., which operates 258 stores under the Body Shop and Body Central banners, reported Thursday that net income for the second quarter dropped to $3.4 million, from $5.3 million in the year-ago period.

    Revenues climbed 6.3% to $79.4 million, and same-store sales decreased 7.6%.

    The company opened 15 new stores and closed one during the second quarter.
     

  • Mixed bag for retailers in July as discounters shine and some teen retailers disappoint

    New York -- Many retailers reported better-than-expected results in July as warm weather and clearance sales drew shoppers into stores. Thomson Reuters reported that three-quarters of retailers reported results beat expectations. Costco Wholesale Corp., Target Corp., Limited Brands and Gap Inc. all reported gains above expectations.

  • Report: Aurora Capital Associates interested in Daffys real estate

    New York -- Aurora Capital Associates, a real estate investment firm, is reported to be acquiring New York-based discount retailer Daffys with plans to sublease its stores, according to Crain’s New York.

    Daffy’s, which operates 19 stores, in July announced plans to liquidate by October.

    The company has several prime real estate sites, eight of which are located in prime shopping area of Manhattan.

    Real Estate Weekly first reported the news concerning Daffy’s possible acquisition.

  • Former LinkedIn, Google marketing exec joins Shopkick

    PALO ALTO, Calif. — Retail shopping app, Shopkick has named Alexis Rask as its new VP and general manager brand partnerships. As the head of Shopkick's newest business unit, Rask is tasked with leading and further developing shopkick's relationship with major brands in the CPG, consumer electronics, entertainment, toy/game, financial services and automotive verticals.

  • Target among top 10 cash donors

    The Chronicle of Philanthropy is out with its ranking of the leading charitable donors and Target ranked eighth in 2011.

    Target donated $146 million in cash and $63 million worth of products last year, according the Chronicle. It is a significant sum that and equates to roughly 4.7% of the retailer’s pretax profits.

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