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Mass Merchant

  • Divaris announces leases across Hampton Roads

    Virginia Beach, Va. — Divaris Real Estate has announced four leases totaling 29,099 sq. ft. of retail space in the Hampton roads area of Virginia.

    PetSmart has taken 14,286 sq. ft. at Peninsula town Center in Hampton. As the chain’s exclusive representative in Virginia, the Richmond office of DRE represented PetSmart in the negotiations.

    Ulta has signed a lease for 10,500 sq. ft. in Crossways Shopping Center in Chesapeake. DRE’s Virginia Beach office represented the landlord, JLP-Chesapeake in the transaction.

  • Massmart CEO resigns

    Sandton, South Africa – Grant Pattison, CEO of Massmart Holdings Ltd., a South African retailer that operates as a subsidiary of Wal-Mart, is resigning. Pattison, 43, will be replaced by Massmart COO Guy Hayward, 48, on June 1, as part of what the company terms a smooth succession plan.

    Pattison joined Massmart in 1998 and was appointed CEO in 2007. He was CEO when Massmart sold a majority stake to Wal-Mart Stores Inc. Hayward has served with Massmart since 2000, receiving appointments as CFO in 2001 and COO in 2012.

  • Uniqlo opens new stores in Germany, United States

    Tokyo – Uniqlo opens new stores in Berlin, and in three U.S. locations on Friday, April 11. The 2,700-sq.-ft., three-story Berlin store is located on the Tauentzienstrasse shopping boulevard and is Uniqlo’s first German store.

    The Berlin store is also the largest Uniqlo store in Europe and features revolving mannequins wearing origami headdresses and LED ticker-tapes listing all the cities where Uniqlo has stores around the world.

  • Walmart CEO congratulates Sylvia Mathews Burwell on presidential nomination

    Walmart president and CEO Doug McMillon today issued a statement congratulating Sylvia Mathews Burwell on her nomination as Secretary of Health and Human Services.

  • Lane Bryant opens new stores in Minnesota, Texas

    Columbus, Ohio – Lane Bryant opens two new stores Friday, April 11. The stores are located at Burnsville Center in Burnsville, Minn., and Alliance Town Center in Fort Worth, Texas.

    Lane Bryant operates 775 stores nationwide and an e-commerce site.

     

  • Study: U.S. retail sales hit $4.53 trillion in 2013; e-commerce at $264 billion

    New York – Total U.S. retail sales during 2013 reportedly reached $4.53 trillion, a 4.2% increase from$4.35 billion in 2012. According to new data from EMarketer, e-commerce sales of $263.3 billion, up 16.9% from $225.3 billion the prior year, helped drive overall retail sales growth.

    Non-e-commerce sales totaled about $4.27 billion, a 3.5% increase from $4.12 billion in 2012. In 2014, EMarketer predicts that e-commerce sales in rhe U.S. will grow 15.5% to total $304.1 billion, or 6.4% of total retail sales of $4.73 billion.

  • Top exec changes made at Walmart’s Massmart

    Guy Hayward was named CEO of Massmart to fill a position currently held by Grant Pattison, the executive who engineered the sale of a majority stake of the South African retailer to Walmart.

    Pattison joined Massmart in 1998 and served as CEO since 2007, helping to engineer the sale of a majority stake in the company to Walmart several years ago. Assuming the CEO role on June 1 will be current COO Guy Hayward. He joined Massmart in 2000 as CFO and was later named COO and also played a key role in the Walmart and Massmart transaction.

  • Safeway gets second request for merger info from FTC

    Pleasanton, Calif. -- Safeway Inc. has received a request for additional information and documents from the Federal Trade Commission ("FTC") in connection with the FTC's review of the previously announced agreement and plan of merger among Safeway and Albertson’s.

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