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Mass Merchant

  • Target asks customers not to bring guns into its stores

    New York -- Target Corp. on Wednesday requested that customers no longer carry guns in its stores.

    The retailer found itself embroiled in controversy when gun-rights activists in Texas and several other states chose Target stores to demonstrate their belief in the right to openly bear arms. In response, the chain came under heavy fire from groups such as "Moms Demand Action for Gun Sense" and others who expressed concern about firearms being carried into an environment where the shoppers are often accompanied by children.

  • dd’s Discounts to open in downtown Portland, Oregon

    Dublin, Calif. — dd’s DISCOUNTS, a division of Ross Stores, will open a new store in downtown Portland on June 28th in a former Ross Dress for Less location. Counting the new location, dd’s DISCONTS will operate over 140 locations in 13 states. The retailer is on schedule to open approximately 20 locations in 2014.

  • Tilly’s to open in Moreno Valley Mall in Moreno Valley, Calif.

    Moreno Valley, Calif. — National action sports retailer, Tilly’s will open its doors at Moreno Valley Mall on July 1. A grand opening celebration is scheduled for Saturday, July 19. The retailer will occupy 7,148 sq. ft. at the Inland Empire shopping center, which is managed by Spinoso Real Estate Group.

  • Five Below head merchant Moore moves on

    Less than a month after former Walmart.com CEO  Joel Anderson joined Five Below as president, the discount retailer’s EVP of merchandising Jeffrey Moore has resigned.

    Five Below, which bills itself as the leading retailer of trend-right, high-quality, extreme-value merchandise for pre-teens, teens and beyond, spoke highly of Moore who is leaving to spend time with his family.

  • Kroger accelerates e-commerce channel growth with acquisition

    Kroger is expanding into new markets and growing its presence in the e-commerce channel with its acquisition of Vitacost.com, a leading online retailer of vitamins and supplements. 

    According to the definitive merger agreement, Kroger will purchase all outstanding shares of Vitacost.com for $8 per share in cash, or approximately $280 million.

  • J.C. Penney appeals Macy’s ruling

    Plano, Texas – J.C. Penney has filed an appeal of a June 16 ruling by the New York State Supreme Court that it "tortuously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011. In the ruling, Justice Jeffrey K. Oing said Macy’s failed to prove that it is entitled to punitive damages.

  • Joint venture acquires greater Cleveland center

    NEW YORK — Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region. The joint venture purchased the property from Forest City Enterprises for $47,050,000, together with B&D Holdings, making it one of the largest single asset retail deals in the region during the past 24 months.

  • Five Below executive VP merchandising leaving

    Philadelphia -- Five Below announced the departure of Jeffrey Moore, executive VP merchandising.

    "Over the last seven years Jeff has been an integral part of the success of Five Below as he has helped build the world-class merchandising team we have in place. We thank Jeff for his significant contributions to the business and we wish him well as he leaves to spend time with his family," said Tom Vellios, co-founder and CEO of Five Below.
       

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