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Discount Store

  • Wakefern expanding PriceRite to Maryland

    New York City -- Wakefern Food Corp., parent of the ShopRite supermarket chain, plans to introduce its PriceRite discount format in Maryland, opening a 37,000-sq.-ft. store in Woodlawn on March 13.

    Wakefern operates 45 corporate PriceRite locations, which feature both private-label and national brands in a value format.

  • Share gains coming, but not the next Walmart

    Target is expected to gain about $3 billion in market share during the next few years as the company completes the rollout of its PFresh program, according to Credit Suisse analyst Edward Kelly.

  • Shift to Expansion

  • Ascena Retail Group names HR head for Dressbarn

    Suffern, N.Y. -- Dressbarn parent Ascena Retail Group announced Monday it has named John Pershing as senior VP human resources over Dressbarn, with additional responsibilities for Ascena Retail Group’s compensation, benefits and human resources information system.

    Pershing will report to Jeff Gerstel, executive VP and COO, effective immediately. Pershing succeeds David Montieth, who announced his retirement after 20 years with the company.

  • One trend where Target is late

    For a company so often on the leading edge of offering its shopper affordable fashions in the apparel and home categories, there is one area where Target has been slow to keep pace with the prevailing trend.

  • Privalia acquires German online retailer Dress for Less

    London -- Online sales club Privalia Venta Directa, S.L. said Monday it will acquire Dress for Less, a German online fashion retailer, from Palamon Capital Partners, a pan-European private equity firm.
     
    The acquisition will be funded through a combination of $123 million of new equity provided by equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners.
     
    Dress for Less founders Mirco Schultis and Holger Hengstler will become significant shareholders in Privalia.

  • More admired than Costco, not as much as Walmart

    The March issue of Fortune contains the magazine’s annual ranking of the most admired companies, and this year’s list shows Target ranked 22nd. Only Walmart (11) and Nordstrom (21) were ranked ahead of the company. Other notable retailers on the list who ranked lower than Target included Costco (29), Best Buy (36), eBay (45) and Lowe’s (49).

  • Seeing past the ‘core customer’: Channel-blurring means retailers should embrace complexity -- and even paradox

    By Joseph R. Bona, [email protected]

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