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Mass Merchant

  • comScore: Online holiday spending off to solid start

    Reston, Va. -- For the holiday season-to-date (Nov. 1 - 24), $18.9 billion has been spent online using desktop computers, up 14% versus the corresponding days last year, according to comScore. Tuesday, November 19 was the heaviest online spending day of the season to date at $963 million. Two other shopping days – Thursday, Nov. 14 and Sunday, Nov. 24 – have also seen at least $900 million in online retail spending.

  • Former Loblaws exec tapped as Shopko CEO

    Shopko has named retail industry veteran Peter McMahon as its new CEO.

    McMahon has more than 30 years of experience in international retail. Most recently McMahon served as the COO at Loblaws. As COO, McMahon was responsible for Loblaws’ supply chain, IT, HR, labor relations, merchandising, store operations and loss prevention functions. Prior to his time at Loblaws, McMahon held senior-level positions at Walmart in Germany and Japan and Tesco in central Europe.

  • Englewood Construction’s 2014 forecast sees return of large, mixed-use projects

    Chicago -- Upward growth in large-scale, new construction projects as well as an uptick in fine dining and hospitality construction, is predicted for 2014, according to Englewood Construction’s Commercial Construction Forecast 2014.

  • McMillon to succeed Duke as Walmart CEO

    Walmart International president and CEO Doug McMillon was given the nod over Walmart U.S. president and CEO Bill Simon to succeed Mike Duke as president of Wal-Mart Stores, Inc., the company announced Monday morning.

    McMillon, 47, will join the board effective immediately, and succeed Duke, 63, on February 1, when Walmart’s new fiscal year begins. McMillon’s successor will be named before the end of the fiscal year, according to the company.

  • Survey: Six-in-10 consumers oppose Thanksgiving shopping

    Foster City, Calif. – Although many retailers will be open for business Thanksgiving, they may wind up angering more consumers than they please. According to a new survey conducted by Prosper Insights for Visa, 62% of more than 4,600 adult U.S. consumers said they would not shop on and are opposed to shopping on Thanksgiving.

  • Report: Sears considering selling Canadian stores

    Hoffman Estates, Ill. - Sears Holdings chairman Eddie Lampert is reportedly considering selling the company’s Sears Canada stores. According to the New York Post, Lampert has been quietly consulting banks including Goldman Sachs and reaching out to prospective buyers.

  • Ascena Retail’s David Jaffe honored with Entrepreneur of the Year Family Business Award

    Suffern, N.Y. -- David Jaffe, president and CEO of Ascena Retail Group, has been named the National EY (Ernst & Young) Entrepreneur of the Year Family Business Award of Excellence winner, recognized for building a company with multiple retail brands.

  • Big Lots appoints new merchandising chief

    Big Lots has appointed former Kitchen Collection executive Richard Chene as EVP, chief merchandising officer. Chene will oversee all merchandising and global sourcing strategies and execution, including the development and attraction of talent for the organization.

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