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Mass Merchant

  • Hilco rebrands, adds deals to Steele's

    The Hilco Global Retail Group is rebranding its recently acquired Steele's retail stores as Steele's & Deals. The company also appointed several key executive leaders who will take over new management roles at the retail chain.

    The company feels that the Steele's & Deals name more accurately communicates value to customers.

  • CBRE sells Westover Marketplace in San Antonio

    Los Angeles — CBRE’s nation retail investment group has announced the sale of San Antonio’s Westover Marketplace Shopping Center on behalf of Coventry Real Estate Advisors. Inland American purchased the 242,664-sq.-ft. property for an undisclosed price.

    The Class A regional power center resides inside the Westover Hills master-planned development. It is 93.4% occupied.

  • Power centers’ role in the omnichannel model

    As the retail industry begins to offer shoppers the omnichannel experience they demand, brick-and-mortar stores have never been more important.

    This is especially true as it relates to power centers, broadly defined as open-air shopping centers that feature multiple national anchors such as discount department stores, off-price stores, warehouse clubs and other retailers that tend to offer a wide selection in a particular merchandise category at value prices.

  • Kayser-Roth receives Walmart's 2013 Supplier of the Year for No nonsense brand

    Kayser-Roth Corporation received three awards from Walmart: Supplier of the Year for overall outstanding performance and partnership in 2013, Overall Apparel Supplier of the Year and the Made in the USA Supplier of the Year Award, Apparel, for its No nonsense brand.

    The awards were presented at Walmart's annual Vendor Summit in Orlando, Fla.

  • Loblaw-Shoppers Drug Mart deal approved; Loblaw to close 18 stores

    New York -- Loblaw Cos. Ltd.’s acquisition of Shoppers Drug Mart Corp. has been approved by Canada’s Competition Bureau. The $12.4 billion (US$11 billion) deal is expected to close on March 28.

    To win approval from the Competition Bureau, Loblaw agreed to sell 18 stores and nine in-store pharmacies.

  • Family Dollar taps new SVP, supply chain

    Family Dollar has named Brian D. Hancock as SVP of supply chain, reporting to chairman and CEO Howard R. Levine.

  • Stanbery names partner for leasing and acquisitions

    Bexley, Ohio — Stanbery Development has named Marc Hays as a partner. He will focus on finding locations for new developments and acquisitions as well as leasing.

  • Four new retailers sign into Fashion Valley

    San Diego — Simon Property Group has announced that AllSaints, Pink, lululemon athletica and Free People plan to open stores at San Diego’s Fashion Valley in coming months.

    British fashion house, AllSaints will open a 5,200-sq.-ft. space in late March. The international retailer now has 107 stores in eight countries.

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