Discount Store

Hoffman Estates, Ill. – Sears Holding Corp. is forming a real estate investment trust (REIT) called Seritage Growth Properties, which will purchase 254 Sears and Kmart stores for more than $2.5 billion. Seritage will partially fund the transaction through a public rights offering.

Goodlettsville, Tenn. - Dollar General is helping customers spring into savings with the launch of its spring Fast Way to Save digital coupon program. Fast Way to Save offers customers approximately $200 each week in total online coupon savings through April 19.

Customers will see additional weekly specials on dozens of discounts on Easter merchandise and a buy-one, get-one free sale on select apparel and accessories.

Dollar General is thinking digital this spring with a new way to appeal to coupon-clipping customers.

The retailer is launching a new digital coupon program called Fast Way to Save that offers customers approximately $200 each week in online coupon savings now through April 19.

Customers will see additional weekly specials on dozens of discounts on Easter merchandise and a buy-one, get-one free sale on select apparel and accessories, as well as its everyday low prices on thousands of items throughout the store.

London – The Amazon Prime paid shipping service appears to be in a membership boom. New Millward Brown Digital research suggests that the percentage of Amazon traffic from Amazon Prime members has increased 300% in the last year.

The increase in Amazon Prime membership means that an increasing amount of shoppers at other retailers are also Prime members. For example, during the most recent holiday season, almost one in 10 Walmart.com shoppers was an Amazon Prime members.

Minneapolis - Christopher & Banks Corp, has named Edwin J. Holman to its board of directors, following a search process with the assistance of a national search firm. Holman’s election increases the number of board members to nine and the number of independent directors to eight.

Holman is also expected to be a nominee for election at the company’s next annual meeting of stockholders. Holman, 68, served as interim CEO of The Pantry Inc. from October 2011 until March 2012.

Christopher & Banks Corp. has named a former Macy's executive to its board of directors.

Ascena Retail Group has named Brian Lynch, a 35-year fashion and retail industry veteran, as president and CEO of its Justice stores<span style="color: rgb(54, 54, 54); font-family: open_sansregular, Arial, Helvetica, sans-serif; fo

Batavia, Ill. – Aldi Inc. has completed its purchase of 66 Bottom Dollar Food stores from the Delhaize Group. The transaction includes the land, buildings and leasehold improvements associated with Delhaize's recently retired Bottom Dollar Food operation.