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Mass Merchant

  • Report: Sears pushes to lease space to outside retailers

    Hoffman Estates, Ill. -- A Friday report by Wall Street Journal said that Sears Holdings Corp. is in an active push to lease surplus space to other retailers. Its real estate division has listed on its website some 4,000 of its namesake and Kmart stores that have space for other merchants or retail operations to lease.

  • Target finalizes its real estate in Canada; signs deal with Sobeys

    Minneapolis -- Target Corp. said Friday that it has finalized its real estate transaction with Canadian retailer Zellers with the selection of 84 additional Zellers leases. Target Canada will open between 125 and 135 stores, most by 2013. The discounter also entered into a deal with Sobey’s, Canada’s second largest supermarket chain, to supply its stores with food.

  • Toys"R"Us boosts hiring ahead of holiday season

    WAYNE, N.J. — Toys"R"Us announced that it plans to hire more than 40,000 employees to staff its U.S. stores and distribution centers this holiday season, as the company anticipates another busy Christmas across all of its shopping channels. This number is in line with previous years, when the company hired between 35,000 and 45,000 seasonal workers. Throughout the coming months, the company said it will continue to assess its staffing needs and add more employees, as necessary.

  • Walmart sheds light on Calif. solar plans

    SACRAMENTO, Calif. — Walmart is taking its commitment to renewable energy to new levels in California. The chain announced plans to install solar panels on up to 60 additional stores in the Golden State. The initiative, done in partnership with SolarCity, expands the company’s solar portfolio to more than 75% of its locations in California.

  • Martha Stewart to launch home office line at Staples

    FRAMINGHAM, Mass. — Staples announced that it has teamed up with Martha Stewart Living Omnimedia and Avery Dennison to create a new line of home office products.

    The Martha Stewart Home Office with Avery product line will debut in early 2012 with more than 300 SKUs across multiple product categories, which will be sold exclusively at Staples.

  • Birks & Mayors chief to resign

    Montreal -- Jewelry chain Birks & Mayors said Wednesday that its president and CEO Tom Andruskevich has said he will resign from the company, effective spring 2012, and will continue in a new board role as vice chairman.

    His spring 2012 resignation is contingent upon the naming of a successor. He said he is leaving because he wants to pursue “board positions and advisory roles for luxury brands and other high-end companies.”

    Andruskevich joined the company in his current capacity in June 1996.
     

  • Express makes Canada debut, plans 56 stores in five years

    New York City -- Express said Thursday that it has opened its first Canadian location, a 10,000-sq.-ft. store at Fairview Mall in Toronto.

    The retailer said it plans to open a total six stores in Canada by the end of 2011, and an additional 50 stores across the country over the next five years.

    In November, Express will have three locations opening in Calgary at Southcentre, Chinook Centre and Market Mall as well as an additional store in Toronto at Square One.

  • Quincy Center: Downtown District Retail, Quincy, Mass.

    When Quincy, Mass.’s new downtown shopping district is officially unveiled, the City will host some of America’s premier retail destinations — thanks to a first-of-its kind joint venture between Street-Works Development and National Realty and Development Corp., based in Purchase, N.Y.

    The partnership was announced on Sept. 21 by the City of Quincy, Street-Works and NRDC.

  • ‘Simon Fashion Now’ rolls out interactive fashion events across the U.S.

    This fall, Indianapolis-based Simon Property Group will bring high-energy runway shows and events to shoppers across the nation with “Simon Fashion Now,” a series of free events held at select Simon shopping centers.

    Earlier in September, Simon Fashion Now kicked off in Houston – at The Galleria – and the tour will continue at Simon properties in Boca Raton, Fla. (Town Center at Boca Raton); Burlington, Mass. (Burlington Mall); Garden City, N.Y. (Roosevelt Field); and Charlotte, N.C. (SouthPark).

  • Apparel experts on Express exec track

    COLUMBUS, Ohio — Express announced Wednesday that it has promoted Matthew Moellering to the position of COO and appointed D. Paul Dascoli as CFO.  Moellering was previously chief administration officer and CFO.  

    Prior to Moellering's role as chief administration officer and CFO, he held a number of senior finance positions including CFO since he joined Express in 2006. Before joining Express, he served in various financial positions with Limited Brands and Procter & Gamble. Prior to that, he was an officer in the United States Army.

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