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Mass Merchant

  • Crunch Fitness opens in Moreno Valley, Calif.

    New York — Crunch Fitness has opened a 20,000-sq.-ft. location at the Moreno Valley Mall in Moreno Valley, Calif. Crunch Fitness’s neighbors include Harkins Theatres, Round 1, Victoria’s Secret, Zales, Aeropostale, Express, Footlocker, Forever 21, Hollister, The Children’s Place and New York & Co.

    Macy’s, J.C. Penney and Sears anchor the center.

     

  • Hhgregg seeks new chief operating officer

    Hhgregg EVP and chief operating officer Gregg W. Throgmartin has resigned his position and spot on the company’s board of directors, effective March 31. Throgmartin is leaving to pursue outside interests and manage family businesses, the company said.

  • NRF applauds delay in ACA revisions

    Washington, D.C. – The National Retail Federation (NRF) is applauding a decision by the Treasury and IRS to delay implementation of some employer requirements under the Affordable Care Act (ACA) until 2015 and eliminate other requirements for small businesses.

  • Battle of the distribution centers

    Toward the end of January, the Wall Street Journal reported that Wal-Mart has given itself two years to match the online service and delivery speed of Amazon.com.

    In an interview at the World Economic forum in Davos, Switzerland, Neil Ashe, Wal-Mart’s global e-commerce CEO told Journal reporter Dennis Berman was building new warehouses across the country dedicated to handling online orders.

  • Instacart adds DC to same day network

    Residents of the Washington, D.C., metro area can now have products ordered from supermarket operator Harris Teeter delivered within the hour following Instacart’s entry into the market.

    Instacart’s network of personal shoppers began delivering items ordered from Harris Teeter on Feb. 11. The service provider expects to add other retailers in the coming weeks which would allow shoppers to combine items from multiple stores in a single order and have them delivered in as little as one hour.

  • Report: Aeropostale considers private equity, sale

    New York – Aeropostale Inc. is reportedly considering trying to raise private equity capital. According to Reuters, four anonymous sources said Aeropostale is working with the investment bank Barclays plc to consider options including private equity capital as well as a sale of the company.

  • HBC CFO Culhane exits

    Hudson’s Bay CFO Michael Culhane has resigned his spot following a leave of absence from the company. The news comes two weeks after the company brought in Douglas Scovanner as EVP of finance and accounting on an interim basis to support company president Donald Watros, who assumed the role of acting CFO.

  • Wal-Mart sets annual meeting date

    Bentonville, Ark. -- Wal-Mart Stores Inc. will hold its annual shareholders meeting on June 6.

    The meeting will be at Bud Walton Arena on the University of Arkansas campus at Fayetteville.

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