Discount Store

Beachwood, Ohio -- DDR Corp. announced Tuesday that it has expanded its redevelopment program in Puerto Rico from $50 million to $90 million.

"Increased demand for quality retail space in this supply-constrained market has created unique value-add opportunities in many of our most productive assets," said Paul Freddo, senior EVP leasing and development, DDR. "By executing our strategic redevelopment plan, we are creating attractive opportunities for our key domestic tenants to establish or expand their presence on the island."

Home Depot and Dollar General are among a total of 23 national brand name retailers that now accept PayPal as payment in their physical stores.

PayPal announced plans to sign up a total of 20 large national retailers by the end of 2012. They closed the year with 23, which means shoppers will have the option of paying for purchases with PayPal at 18,000 physical stores around the United States.

New York -- Wal-Mart Stores is set to announce in a Tuesday address at the NRF convention in New York City that it is prepared to hire more than 100,000 veterans over the next five years.

The pledge will come as part of U.S. CEO Bill Simon’s Tuesday keynote address at the 102nd annual BIG Show.

The hiring pledge will begin on Memorial Day, and applies to veterans within 12 months of leaving active duty. Most of the jobs will be in Wal-Mart's stores or its Sam's club locations. Some will be in the company's distribution centers.

GRAND RAPIDS, Mich. — Meijer has appointed J. K. Symancyk as president, just one year after he was named COO for the Grand Rapids, Mich.-based retailer.

Meijer, a pioneer of the one-stop shopping concept, operates 199 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky.

MINNEAPOLIS — Winmark Corporation, franchisor of four value-retail store concepts, is developing a new concept focused on reselling women's apparel and accessories.

Winmark Corporation operates 968 franchises under the Plato's Closet, Play It Again Sports, Once Upon A Child and Music Go Round brands, all of which buy, sell, trade and consign gently used merchandise. The franchisor intends to market the new retail concept to savvy and frugal shoppers.

New York -- PayPay announced Monday that a total of 23 national retailers are now signed up to accept PayPal in their stores, making the payment solution accepted in more than 18,000 physical retail locations. PayPay also announced that Jamba Juice is testing an order-ahead feature that allows customers to place an order, select a time for pick-up, and pay in advance via the PayPal App – so when they arrive, they can save time and skip the line, grab their food and be on their way.

NEW YORK — The National Retail Federation has elected Saks chairman and CEO Stephen I. Sadove to chairman of the NRF board of directors and chairman of its executive committee. Sadove succeeds NRF’s chairman, Terry J. Lundgren, who is chairman, president and CEO of Macy’s.
 

Bentonville, Ark. -- Wal-Mart Stores announced that Enrique Ostale, president and CEO of Walmart Chile, formerly D&S, has been named EVP, president and CEO of Walmart Latin America, where he will oversee Walmart's operations in Argentina, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Nicaragua.