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Mass Merchant

  • Three Big Lots to join Centro portfolio in Colorado, Louisiana and Florida

    New York City -- Centro Properties Group US announced that three Big Lots have joined its portfolio, encompassing 92,006 sq. ft. and bringing Big Lots’ total store count with Centro to 49 locations.

    A 30,000-sq.-ft. Big Lots opened at Arapahoe Crossings, in Aurora, Colo.; a 28,000-sq.-ft. store opened at Lagniappe Village, in New Iberia, La.; and a 34,006-sq.-ft. lease has been executed with Big Lots at Panama City Square, located in Panama City, Fla.
     

  • IBM forecasts strong apparel sales for fall

    Armonk, N.Y. -- Apparel sales are expected to post year-over-year gains during the fall shopping season (August, September and October), with especially big increases in children's apparel, according to an analytics-based forecast by IBM.

    Sales in children's apparel this fall are expected to total $2.6 billion, an 11.1% increase over the prior-year period. Women's apparel sales are projected to total $9.2 billion, up 3.1% over last year.

  • Milestone in the Midwest

    In Fall 2001, Steiner + Associates and Georgetown Co. completed the second phase of mixed-use trendsetter in Easton Town Center, Columbus, Ohio -- and a decade later, the 1.7-million-sq.-ft. development stands as testament that the right project in the right location with the right uses can survive even the most trying economic conditions.

    Chain Store Age talked with Yaromir Steiner, CEO of Columbus-based Steiner + Associates, about Easton’s staying power during a recession, and its continued evolution as it strives to remain relevant.

  • Ex-employee sues Borders over mass layoffs

    New York City -- A Friday report by Reuters said that a former Borders Group employee is attempting to represent a class of about 300 Ann Arbor, Mich., workers in suing the bankrupt retailer for not giving proper notice of impending mass layoffs.

  • New leadership era begins at Costco

    ISSAQUAH, Wash. — First it was Steve Jobs, and now Costco’s legendary co-founder Jim Sinegal is stepping down as CEO.

  • Back-to-school, Irene aid Target’s August sales

    MINNEAPOLIS — The first month of Target’s third quarter is off to a solid start as the company reported a 4.1% same-store sales increase squarely in the middle of guidance that called for a low to mid single-digit gain.

  • August sales weather hurricane, low consumer confidence

    NEW YORK — Despite low consumer confidence, the volatile economy and a hurricane, many retailers reported better-than-expected sales in August. Hurricane Irene appeared to put a dent in the results of some retailers on the East Coast, but the storm did not appear to do as serious damage as some expected.

    Total retail sales rose 4.4%, just missing the 4.6% rise that Wall Street analysts had expected, according to Thomson Reuters. Of the 19 out of the 25 retailers that Thomson Reuters tracks, 11 beat expectations.

  • Target unwraps new beauty exclusives for fall 2011

    MINNEAPOLIS — Target has announced new beauty exclusives that are hitting shelves for fall 2011.

    Hair accessories brand Goody is bringing exclusively to Target in October its fall Regency collection, which features 32 pieces, including headbands, hairpins, clips and elastics. Prices range from $2.19 to $8.99.

    Highlights of new offerings include:

    • Ruched Flower Salon Clips ($5.99)

    • Infinity Beaded Head Wrap ($6.99)

    • Metal Flower Salon Clip ($6.99)

  • Walmart U.S. CEO rallies veterans to lead 'American Renewal'

    BENTONVILLE, Ark. — Walmart U.S. President and CEO Bill Simon addressed attendees at the American Legion's 93rd National Convention on Wednesday, telling fellow Americans, veterans and Legionnaires that Walmart would create jobs in the U.S. by hiring more than 15,000 people to work in about 100 new and expanded Walmart stores by fiscal year's end.

  • Sonia Kashuk brings more beauty to Target

    MINNEAPOLIS — Target is ushering in fall with Sonia Kashuk’s latest collection at Target, including shades and makeup brushes in a chic new print.

    The Sonia Kashuk 2011 fall collection includes:

    • Brush Couture Five-Piece Brush Set ($14.99): The five-piece brush set comes in a chic black-and-white tribal print and includes a powder/blusher brush, crease brush, synthetic concealer/foundation brush, small eye shadow brush and smudge brush.

    SHADE ADDITIONS

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