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Mass Merchant

  • Walmart Neighborhood Market to open at Villa Monaco

    Denver -- Brixmor Property Group said that Walmart Neighborhood Market will open a 55,669-sq.-ft. store at Villa Monaco, located in Denver.

    The addition of this market will revitalize the shopping center, said Brixmor, attracting new retailers, restaurants and services to the center, and providing the community residents a convenient place to shop within their own neighborhood.  

  • Walmart still a ‘buy’ near all-time high

    A Web site affiliated with noted television investment pundit Jim Cramer has reiterated its buy recommendation on shares of Walmart.

    TheStreet.com rated Walmart A+ and said the company’s strengths can be seen in areas such as revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and net income.

    "We feel these strengths outweigh the fact that the company shows weak operating cash flow," according to the TheStreet.

  • J. C. Penney wins latest court round; rehires company vet Ken Mangone

    New York -- A New York judge on Thursday rejected a request by Macy's to block J.C. Penney from selling Martha Stewart goods under the "JCP Everyday" label for now, while it appeals a ruling allowing the sale. An order temporarily barring Martha Stewart from selling goods branded with her name at J.C. Penney's is still in place.

  • Uniqlo to sponsor for MoMA’s free Friday night admission program

    New York -- Uniqlo will be the exclusive, multi-year, corporate sponsor of the Museum of Modern Art (MoMA) Museum’s Friday night free admission program, which provides free access to the public to the Museum and all exhibitions from 4 p.m. to 8 p.m., every Friday, throughout the year.
     
    “Uniqlo Free Friday Nights” will launch on May 3. That evening, the first 1,000 visitors will receive a special Uniqlo tote bag. Also in May, the Museum will begin extending its public schedule to seven days per week.

  • Macy’s wins temporary ban against some J.C. Penney Martha Stewart sales

    New York -- The latest round in the battle between Macy’s and J.C. Penney over the sale of Martha Stewart goods went to Macy’s, which on Monday challenged a judge’s decision on Friday to allow certain non-branded Martha Steward items to be sold — at least temporarily — in J.C. Penney stores under the JCP Everyday label.

  • Sears Holdings launches fulfillment service for merchants

    HOFFMAN ESTATES, Ill. — Sears Holdings is offering a simple, cost-effective way for businesses to manage storage, picking, packing and shipping of customer orders from Sears Marketplace and other places a merchant sells products.

    Fulfilled By Sears allows merchants to market and sell to members of the company's Shop Your Way Rewards program. Sears said members of the program buy and spend more and recently exceeded 60% of Sears’ transactions and sales.

  • Tesco to exit U.S.; takes $3.5 billion global write-down

    London -- Grocery chain Fresh & Easy’s British parent Tesco confirmed Wednesday that it will abandon its U.S. business, selling off the 199-store chain and taking a $3.5 billion write-down.

  • Upscale Maryland outlet center on the boards

    Clarksburg, Md. -- Tanger Factory Outlet Centers and Peterson Cos. said Wednesday that the pair will develop an upscale outlet center in Clarksburg, Md.

    The new outlet center, currently in the pre-development stage, will be branded as Tanger Outlets and located 27 miles northwest of Washington, D.C. and 36 miles west of Baltimore.

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