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  • Holiday spending intentions bode well for value retailers

    SCHAUMBURG, Ill. — New research from Nielsen shows consumers will be practical and focused on value during the upcoming holiday season, which bodes well for Target as one on the nation’s leading toy retailers and top destination for gift givers.

  • Macy’s to increase holiday hires by 4%

    Cincinnati -- Macy’s said it plans to hire approximately 78,000 seasonal associates for its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2011 holiday season. The total is up about 4% from the approximately 75,000 seasonal associates the chain hired last year.

    “We expect additional hiring this year given the continued sales growth in our business – both in-store and online,” said Terry J. Lundgren, Macy’s, chairman, president and CEO.

  • Target inks supplier deal for Canadian stores

    STELLARTON, NS  and MINNEAPOLIS — Details for Target's entry into Canada continue to fall into place as the retailer announced last week a long-term wholesale distribution agreement with Sobeys Inc.

    Beginning in early 2013, Sobeys will supply Target’s food and grocery requirements for frozen, dairy, and dry grocery products, inclusive of both national brand and Target’s private label brands.

  • Report: Sears pushes to lease space to outside retailers

    Hoffman Estates, Ill. -- A Friday report by Wall Street Journal said that Sears Holdings Corp. is in an active push to lease surplus space to other retailers. Its real estate division has listed on its website some 4,000 of its namesake and Kmart stores that have space for other merchants or retail operations to lease.

  • Target finalizes its real estate in Canada; signs deal with Sobeys

    Minneapolis -- Target Corp. said Friday that it has finalized its real estate transaction with Canadian retailer Zellers with the selection of 84 additional Zellers leases. Target Canada will open between 125 and 135 stores, most by 2013. The discounter also entered into a deal with Sobey’s, Canada’s second largest supermarket chain, to supply its stores with food.

  • Nielsen’s Holiday Shopping Sales Survey advises retailers to market early

    Schaumburg, Ill. -- Online, club, dollar, toy and consumer electronics retailers, as well as categories such as gift cards, technology, vacations and toys, will all perform well this season, according to Nielsen’s fourth-annual Holiday Shopping Sales Survey.

    Across all income levels, only 5% of U.S. households plan to spend more this year, with affluent households (those earning $100,000 or more) leading the way.

  • Citi Trends pulls back on expansion

    Savannah, Ga. -- Citi Trends said Friday that it would cut jobs and open fewer stores than it planned in an effort to save money after losing $10 million in the second quarter. The company said it would open new stores only where it had already made commitments, resulting in about 55 new locations in 2011 and five in 2012.

    The company also said it would cut 40 jobs at its stores, distribution centers and corporate offices in Savannah, Ga.

  • Mid-America signs several large leases across Great Lakes region

    Oakbrook Terrace, Ill. -- Mid-America Asset Management announced that among the new leases the firm has signed in July and August, there were several large transactions spread across Chicagoland, Southeast Wisconsin and Northwest Indiana.

    In Aurora, Ill., home furnishings retailer Premier Furniture Outlet leased 38,975 sq. ft. at Aurora Marketplace, opening in September 1. Anchors include Sports Authority and Hobby Lobby.  
     

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