Discount Store

MATTHEWS, N.C. — Family Dollar Stores announced Wednesday that it plans to open 450 to 500 new stores in fiscal 2012, a 50% jump compared with the number of openings in fiscal 2011, and will renovate, relocate or expand over 1,000 locations. The discounter also reported that its fiscal fourth-quarter net income rose 8%.

“In fiscal 2012, we intend to accelerate investments to drive sales and profitability,” said Howard Levine, chairman and CEO.

Bentonville, Ark. -- Wal-Mart Store announced the appointment of David Cheesewright as executive VP, president and CEO of a new regional management team. In this newly created role, he will lead Walmart's retail operations in Canada, the United Kingdom and Sub-Saharan Africa, and will oversee business development in Europe, the Middle East, Africa and Canada.

Cheesewright will assume his role immediately and report directly to Doug McMillon, president and CEO, Walmart International.

WASHINGTON — Halloween will be a popular holiday this year, according to the National Retail Federation, as more consumers this year are expected to partake in traditional festivities. 

Covington, La. -- Stirling Properties said Monday that River Chase Shopping Center Phase Two, which broke ground in August, has added eight new national tenants that will bring 85,000 sq. ft. of retail space to River Chase as part of an expansion to the development’s existing shopping center. All stores are expected to open spring 2012.

Huntley, Ill. -- Tucker Development Corp. said that AT&T has opened a new store at Huntley Grove, the developer’s 350,000-sq.-ft., multi-tenant shopping center in Huntley, Ill.

AT&T occupies a 1,000-sq.-ft. space at the center.

Huntley Grove is anchored by a 176,000-sq.-ft. Walmart Supercenter, joined by State Farm, T-Mobile, AutoZone, The UPS Store and Jimano’s Pizzeria.
 

MATTHEWS, N.C. — Family Dollar Stores announced that it has named Michael Bloom to the position of president and COO and promoted Dorlisa Flur to the position of vice chair strategy and chief administrative officer. Both Bloom and Flur will report to Howard Levine, chairman and CEO. These appointments follow the announced retirement of R. James Kelly as Family Dollar’s president and COO after 15 years with the company.