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Mass Merchant

  • Report: Wal-Mart to decide India plans this month

    Bentonville, Ark. – Wal-Mart Stores, Inc. will reportedly decide how it will proceed with retail plans in India this month. According to Reuters, Wal-Mart’s Indian partner Bharti Enterprises will decide if it wants to continue working with Wal-Mart based on those plans.

  • Will Washington ruin Christmas?

    The National Retail Federation showed its Christmas spirit on Thursday by releasing a holiday forecast that calls for sales to increase 3.9% to $602 billion and assumes the President and Congress will be able to resolve their differences.

    NRF’s forecasted growth rate of 3.9% is a solid figure and well above the 3.3% average growth rate of the past 10 years and ahead of last year’s 3.5% gain. In addition, the trade group’s Shop.org digital division forecast that online sales would grow between 13% and 15% to roughly $82 billion.

  • Top 50 Global Retailers

    Wal-Mart, Carrefour and Costco take top spots in ranking; Amazon continues to move up

  • Scaling Solar Nationwide

    Ikea shares lessons learned from 39 diverse installations

    Sustainability is a cornerstone of home furnishings retailer Ikea, its brand and its business plan, reflecting the company’s Swedish heritage.

  • Report: J.C. Penney sued over share sale; shareholder seeks class action suit

    Plano, Texas – J.C. Penney Company shareholder Alan Marcus is suing the troubled department store chain because of its recent decision to build equity by issuing more than $800 million worth of new stock, which sent share values plunging, Reuters reported.    

    The report said Marcus, who bought 300 shares of Penney stock on Sept. 26 shortly before the new stock was announced, is trying to obtain class-action status for his suit.
         

  • DDR announces completion of third quarter transactions

    Beachwood, Ohio — DDR Corp. has announced the closing of its previously announce acquisition activity totaling $591 million. The acquisitions include a portfolio of seven prime power centers in a newly-formed joint venture with an affiliate of Blackstone Real Estate Partners VII L.P. for $332 million in August and two market dominant regional power centers in Orlando, Fla. and Atlanta, Ga., for an aggregate $259 million in July.

  • Report: J.C. Penney sued by shareholder

    J.C. Penney is making headlines again thanks to shareholder Alan Marcus, who is suing the troubled department store chain because of its recent decision to build equity by issuing more than $800 million worth of new stock, which sent share values plunging, Reuters reported.

    The report said Marcus, who bought 300 shares of Penney stock on Sept. 26 shortly before the new stock was announced, is trying to obtain class-action status for his suit.

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