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Mass Merchant

  • Meijer bets big on Halloween

    Meijer is preparing for Halloween, a growing category, and marketing an assortment of costumes not only to youth but also to pets.

  • Safeway to dispose of Dominick’s stores and exit Chicago market

    Pleasanton, Calif. -- Safeway Inc. announced it plans to get rid of its 72 Dominick's stores in the Chicago area, exiting the market in early 2014.

    Safeway’s decision comes after Dominick's had a net loss of $8.4 million for the third quarter, ended Sept. 7, compared with a loss of $6.2 million in the year-ago period, and a net loss of $21.5 million for the year to date, compared with $16.8 million for the year- ago period.

  • Kimco acquires Five Forks in Lilburn, Ga., for $10 million

    Atlanta — Kimco Realty Corporation has acquired Five Forks Crossing, a 73,910-sq.-ft. grocery-anchored retail center in Lilburn, Ga., according to Transwestern, the firm that brokered the transaction.

    Five Forks Crossing occupies 6.6 acres in Lilburn in the Gwinnett County submarket near Ronald Reagan Parkway. Anchored by Kroger, the property is 100% leased.

    Transwestern represented the seller, SWA Investment.

     

  • Fred's credits pharmacy comps, script growth for Sept. sales growth

    Fred’s saw positive performance in its general merchandise and pharmacy departments, which lead to sales of $177.3 million in September, an increase of 4% over September 2012.

    The Memphis, Tenn.-based company, which operates 702 stores in the South, said same-store sales increased by 2.8%, compared with a 3.8% decrease last year.

    For the year to date, sales were $1.3 billion, a 1% increase over $1.3 billion during the same period last year. Same-store sales increased by 0.8%, compared with a 1.2% decrease last year.

  • Staples launches new price-match policy

    Framingham, Mass. -- Staples announced a new price match policy that the company said ensures customers pay the lowest price – both in stores and online. Staples said it will price match items sold and shipped by Amazon.com or any retailer who sells products in both retail stores and online under the same brand.

  • Whole Foods Market to open in Newark, N.J.

    New York -- Whole Foods Market has signed a lease for a 29,000-sq-ft. store in Newark, N.J., according to the Newark Star-Ledger.

    The store is expected to be an anchor tenant in a 112-year-old landmark building that was once occupied by the Hahne & Co. department store. The building is being converted into a multi-use space that will feature apartments, retail and office space.
    The project is a joint partnership between the Newark-based Hanini Group and L&M Development Partners of New York.

  • Walmart’s SPARC initiative in spotlight again

    On shelf availability at Walmart and the retailer’s newest technology tool will be the topic of discussion next week when Doing Business in Bentonville hosts an event on October 16 featuring a panel of speakers that includes Walmart’s director of supplier innovations Mike Graen.

    The focus of the 7 a.m. to 9 a.m. breakfast session will be Walmart’s SPARC program, an initiative born out of the desire to improve the on shelf availability of products by creating a Supplier Portal Allowing Retail Coverage (SPARC).

  • Wal-Mart drops ambitious expansion plans for India

    New York -- Wal-Mart Stores has put its ambitious expansion plans in India on hold indefinitely. The discounter and its joint venture partner in India, Bharti Enterprises, are parting ways after six years, the companies announced.

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