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Mass Merchant

  • Survey: Consumers loyal to brands that create social media experience

    New York -- Survey results released Tuesday by Analytic Partners found that 48% of people between the ages of 18-44 feel that any loyalty they have toward brands in the future will have to stem from the types of experiences the brands create for them.

    The experience includes interaction such as video/online gaming, social media and third-party expert information through blogs and articles.

  • Market Street Place to launch construction

    San Francisco -- Dallas-based Cypress Equities said Monday that construction is about to begin on the site of what will become Market Street Place, a 250,000-sq.-ft. retail center scheduled to open in 2015 and co-developed by Cypress Equities and The Carlyle Group.

    Market Street Place will be a six-level, urban retail redevelopment designed by Gensler’s San Francisco architectural team.

  • Target warns Q1 profit will fall short of forecast

    Minneapolis -- Target Corp. said Tuesday it will miss its first-quarter profit outlook as seasonal and weather-sensitive items underperformed.
     
    The retailer also said it now expects same-store sales to be flat in the quarter.

    Target’s quarterly results are slated to be reported on May 22.

     

  • Mobile, Virtual, and Traditional Checkout: What’s a Retailer to Do?

    By Keith Carpentier, Tensator.com/us

  • Target lowers Q1 sales and profit forecast

    Softer than expected sales trends prompted Target to lower its first quarter earnings outlook Tuesday morning.

    The company said it now expects first quarter comps to be flat, after previously forecasting a range of flat to 2% growth. The softer than expected sales prompted the company to revise first quarter adjusted profit expectations to an unspecified level of "slightly below" earlier guidance of $1.10 to $1.20.

  • Macy's appeals latest ruling Martha Stewart-J.C. Penney dispute

    New York -- Macy’s Inc. filed an appeal on Monday, challenging Manhattan state court judge Jeffrey Oing’s Friday ruling that J.C. Penney can sell unbranded Martha Stewart goods in its stores, at least temporarily.

    Penney was celebrating the decision that would allow it to sell Martha Stewart items as long as they didn’t carry her name, especially since the products – valued by one analyst at $100 million -- were already manufactured and being stored in warehouses. 

  • Walmart unveils sustainable commitments in global meeting

    Bentonville, Ark. -- In its Global Sustainability Milestone Meeting on Monday, Walmart announced new commitments the retailer says will dramatically increase energy efficiency and renewables, and hasten its path toward being 100% supplied by renewable energy.

    Walmart president and CEO Mike Duke outlined specific goals the company said it intends to achieve by Dec. 31, 2020:

  • T.J. Maxx, HomeGoods to open at Shops at La Palmera

    Corpus Christi, Texas -- Fort Worth, Texas-based Trademark Property Co. announced that TJX Cos. concepts T.J. Maxx and HomeGoods will open this fall at The Shops at La Palmera, a 200,000-sq.-ft. outdoor shopping center in Corpus Christi, Texas.

    Construction has already begun on the 44,750-sq.-ft. space accommodating the two new stores, which will be located adjacent to one another, each with a separate store entrance. The Shops at La Palmera store marks T.J. Maxx’s first in Corpus Christi. HomeGoods is new to market also.

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