Mass Merchant

Chicago  — R.P. Wurster has acquired the 49,967-sq.-ft. Plainfield Commons in Plainfield, Ind., for $6.35 million. The 100% leased community shopping center features anchor tenants Dollar Tree and Shoe Carnival. Shadow anchors include Target, Kohl’s, Pier One Imports and PetSmart.

Mid-America Real Estate Corp. in cooperation with Mid-America Real Estate Corp. — Indiana brokered the transaction on behalf of the seller, RPD Catalyst.
 

New York -- Coach Inc.'s net income dropped to $297.4 million in the second quarter, from $352.8 million a year earlier sales in North America fell sharply during the key holiday season.

Overall revenue for the three months ended Dec. 28 fell 5.6% to $1.42 billion, with a 13.6% decrease in comparable-store sales in North America.

Hudson's Bay Company’s CFO Michael Culhane is reportedly taking a leave of absence from the company. Assuming the CFO role will be Donald Watros, who on Feb. 1 will be stepping into his new role as president of the company.

HBC did not provide further details on Culhane or the CFO spot.

Hoffman Estates, Ill. - Sears Holdings Corporation anticipates hiring 6,500 veterans and military spouses in 2014. The hiring goal builds on the more than 6,000 veterans and spouses hired in 2013, and nearly doubles the 3,500 hired in 2012.

The company currently employs more than 30,000 veteran associates, many of whom are still serving in the National Guard and the Reserve forces.

New York — Walgreens will host a grand re-opening of its 24/7 flagship store in Union Square, Manhattan, on Jan. 23. The store opened originally in 2001.

Walgreens is the nation’s largest drugstore chain with fiscal 2013 sales of $72 billion. The company operates 8,200 drug stores in 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

New York -- Target Corp. is cutting 475 positions globally, and also will not fill 700 positions that are open worldwide.

“We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business,” Molly Snyder, a Target spokeswoman, said in an e-mailed statement, as reported by Reuters. “We will continue to invest in key business areas to strengthen our ability to compete and thrive well into the future.”

No specific details were given on the job cuts. 

Bentonville, Ark. – Sam’s Club plans to open new stores on Thursday, Jan. 23, with a location in Warwick, R.I., and one will open in Mooresville, N.C.

Both stores will measure approximately 136,000 sq. ft. and feature a fresh bakery, a tire and battery center, and a café. A pharmacy and a hearing aid center are open to both members and the general public. The Mooresville store also offers the Click N Pull personal shopping service, as well as a fuel station.

Minneapolis – Target Corp. notified Canadian shoppers who visited U.S, Target stores between Nov. 27 and Dec. 15, 2013 that some of their personal data may have been compromised in the major data breach that hit the retailer. According to the Canadian Press, that information includes personal data such as names, addresses, emails and phone numbers, but not financial data.