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Mass Merchant

  • Leonard Green and CVC complete acquisition of BJ’s

    Westborough, N.H. -- Private equity firms Leonard Green & Partners and CVC Capital Partners on Friday completed their $2.8 billion acquisition of BJ's Wholesale Club. The move, which takes the chain private, sets the stage for a stock delisting, effective Monday before the markets open.

    The deal was announced in late June after months of speculation. BJ’s shareholders approved the buyout on Sept. 9. The chain currently operates 190 warehouse clubs in 15 states.
     

  • NRF: Swipe fee cut will save merchants and consumers billions

    Washington, D.C. -- Retailers and their customers will save billions of dollars when new Federal Reserve regulations cutting debit-card swipe fees roughly in half take effect this weekend, the National Retail Federation said.

  • Family Dollar appoints Edward Garden to board

    MATTHEWS, N.C. — The chief investment officer of Trian Fund Management has been named to the board of directors at Family Dollar, the retailer announced.

    Edward Garden's appointment as board member is effective immediately. With this appointment, Family Dollar's board expands to 11 directors.

  • Halloween forecast is frighteningly good

    So much for the weak economy. A record number of people, 161 million to be precise, are expected to celebrate Halloween this year, according to the National Retail Federations annual survey.

    NRF has been conducting the consumer intentions and actions survey for 10 years and the outlook for this year is the brightest ever with average spending per person expected to increase to $72.31 from $66.28 last year.

  • Jack Shewmaker posthumously inducted into U of A Hall of Fame

    Former Walmart senior executive and longtime board member Jack Shewmaker is among a group of four business leaders slated for induction into the Arkansas Business Hall of Fame. The induction ceremony will be held Friday, Feb. 10, 2012.

  • Departure of former international finance chief a loss for Walmart

    Wan Ling Martello may not have been a household name outside of Walmart, but that doesn’t diminish the significance of her departure from a company eager to achieve a higher degree of diversity among the ranks of its senior executives.

  • Castro-Wright resignation noteworthy, but not a surprise

    Normally, it is a big deal when the vice chairman of a major company announces their retirement. Especially when said executive is only 56 and in the prime of their senior leadership years. That wasn’t the case earlier this week when Walmart announced that Eduardo Castro-Wright would be stepping down as vice chairman and CEO of the company’s global e-commerce and global sourcing businesses.

  • Cheesewright becomes McMillon’s man in the Middle East and Europe

    Former Asda executive and Walmart Canada CEO David Cheesewright has a new role that opens up some intriguing growth possibilities, given his new responsibilities include oversight of geographic areas where Walmart doesn’t currently operate stores.

  • Zumiez opens new store at Cherry Hill Mall

    Cherry Hill, N.J. -- As part of the $200-million redevelopment of Cherry Hill Mall, in Cherry Hill, N.J., Zumiez has added a 2,444-sq.-ft. store near the Grand Court of the mall.

    The Pennsylvania Real Estate Investment Trust (PREIT) property also added shoe retailer Traffic with a 1,500-sq.-ft. store in the J.C. Penney wing, and natural food retailer Pure Health Bar is slated to open in November.

  • Survey: Halloween sales to be more treat than trick

    WASHINGTON — Halloween will be a popular holiday this year, according to the National Retail Federation, as more consumers this year are expected to partake in traditional festivities. 

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