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  • Wal-Mart cutting gas prices for three months

    Bentonville, Ark. -- Wal-Mart Stores is cutting gas prices by 10-cents a gallon for three months to help consumers worried about their spending amid a sputtering economy and busy summer travel season. The chain said that customers visiting participating Murphy USA and Walmart gas stations in 18 states through Sept. 30 will receive a discount on all fuel, gas and diesel purchases when they use a reloadable Walmart gift card, Walmart MoneyCard or a Walmart credit card.

  • Peninsula Town Center, Hampton, Va.

    Columbus, Ohio-based Steiner + Associates announced that the city of Hampton, Va. has been awarded the 2011 Donald E. Hunter Excellence in Economic Development Planning Award by the American Planning Association for the Peninsula Town Center. Located in Hampton, Va., the Peninsula Town Center represents the successful redevelopment of an enclosed mall into a vibrant town center, providing approximately 2,400 new jobs and significantly increasing the taxable sales base in the city. The site has been effectively transformed from the Coliseum Mall into a regional destination.

  • Blackstone acquires U.S. mall owner Centro Properties Group for $9 billion

    New York City -- BRE Retail Holdings, an affiliate of Blackstone Real Estate Partners VI L.P. announced Tuesday that it has acquired the U.S. assets and platform of Centro Properties Group and its managed funds for approximately $9 billion.

    The sale includes 585 community and neighborhood shopping centers and related retail assets aggregating 92.1 million sq. ft. in 39 states.

  • Dollar General selects DemandTec to optimize pricing

    San Mateo, Calif. -- DemandTec announced that Dollar General Corp. has selected DemandTec's Markdown Optimization, Everyday Price Optimization and Everyday Price Management software services to strategically manage and optimize pricing across its more than 9,500 stores nationwide.

  • Target stays on message in USA Today

    During a question-and-answer style interview in Monday’s USA Today, Target chairman, president and CEO Gregg Steinhafel shared his thoughts on a wide range of topics including Walmart, inflation, designers and competition.

  • Target to transfer leasehold interests on select sites in Canada to Wal-Mart

    Minneapolis -- Target on Friday announced that Target Canada has reached an agreement to transfer to Walmart Canada the leasehold interests in up to 39 sites, currently operated by Zellers.

    Specific locations will be identified later this fall. Terms of this transaction were not disclosed.

  • Target helps Walmart strengthen Canadian hand

    Walmart doesn’t need a lot of help when it comes to growth, which is why last week’s announcement by Target to sell its larger rival 39 sites in Canada was a surprise. Walmart is on track to end this year with 333 stores, and on Friday Target said it had reached an agreement to transfer to Walmart Canada the rights for leasehold interests in up to 39 sites currently operated by Zellers. The sites are among the up to 220 possible sites whose leasehold interests Target is acquiring as part of a real estate transaction announced in January.

  • Toys"R"Us brings "Toy Story: Hawaiian Vacation" to life

    WAYNE, N.J. — Toys"R"Us announced that it will offer an exclusive collection of toys based on the animated short Toy Story: Hawaiian Vacation, playing in theaters in conjunction with Cars 2.

    Examples in the line include:

    • Sheriff Woody 16-inch action figure dressed in Hawaiian shirt, straw hat and lei. The toy can say 20 phrases when kids pull the string on his back and plays Hawaiin music.

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