Discount Store

Bentonville, Ark. -- Wal-Mart Stores Inc. said Friday it has reorganized reporting relationships, putting its U.S. marketing team under the leadership of the chief merchandising officer. Marketing currently operates as a separate group and the move, said Wal-Mart, is designed to improve shopper communication.

The new plan will have U.S. chief marketing officer Stephen Quinn reporting to U.S. chief merchandising officer Duncan Mac Naughton. Before the change, Quinn reported to Bill Simon, Wal-Mart U.S. president and CEO.

Walmart opened its second supercenter in Chicago this week, and the only thing missing from the press release announcing the new store was a quote from President Obama praising the company as a job creator.

Instead, Walmart had to settle for some kind words from Chicago mayor and former Obama chief of staff Rohm Emanuel.

Savannah, Ga. -- Citi Trends said Thursday that its president and CEO David Alexander has resigned the company, effective immediately, and will be replaced by prior CEO Ed Anderson, who led the retailer from 2001 to 2009.

Anderson is currently the chairman of the board and will continue to serve in that capacity.

The company also announced that it has hired Jason Mazzola as executive VP and chief merchandising officer. He was previously chief merchandising officer for an internet flash sales company.
 

New York City -- Wal-Mart Stores Inc. on Wednesday opened its second supercenter and fifth location overall in Chicago.

New York City -- Wal-Mart Stores no longer is employing greeters during the overnight shift at its approximate 3,000 U.S. supercenters, Bloomberg reported.

For the past six months, the chain has been reassigning greeters at supercenters to other jobs, the report said.
 

Dallas -- Cypress Equities announced that Swim U has signed a lease to occupy 4,592 sq. ft. at Plantation Point Shopping Center, located in Raleigh, N.C.

Swim U is a year-round indoor swim school for kids.

Dallas -- Tuesday Morning Corp. reported Monday that net income for the quarter ended Dec. 31 fell 8% to $15.9 million.

Revenue for the quarter dipped 2.2% to $273.1 million.

Investors were prepared for the news because the company previously reported the lower revenue figures earlier this month.
 

New York City -- Winick Realty Group said that children’s retailer Youngworld leased 30,000 sq. ft. for a new three-story location in the Corona section of Queens, N.Y.

The retailer has been a part of the community for more than 30 years, previously operating a 20,000-sq.-ft. location nearby. Built after the address had been ravaged by fire, the new, all-glass construction features 18-ft. ceilings and three floors of retail measuring 10,000 sq. ft. apiece.