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Mass Merchant

  • Regency Centers acquires center in Davis, Calif.

    Davis, Calif. -- Regency Centers, a national owner, operator and developer of grocery-anchored and community shopping centers, closed on the acquisition of Oak Shade Town Center, a 103,762-sq.-ft. neighborhood shopping center anchored by Safeway, Rite Aid and OfficeMax in Davis, Calif. The center is located within a mile of the University of California, Davis.

    The property was purchased on August 18 for $35 million from the center’s original owner. 

     

  • Court gives women in Wal-Mart class action suit time to file individual lawsuits

    New York City -- The women who were part of the large class action lawsuit against Wal-Mart Stores have been given until Oct. 28 to file individual lawsuits against the company, a U.S. judge ruled, Reuters reported.

    The women, who claim the retailer denied them pay raises and promotions because of gender bias, are regrouping after the U.S. Supreme Court dismantled a class of up to 1.5 million current and former Wal-Mart workers in June.

  • Casual Male to open 13 additional DXL stores by yearend

    Canton, Mass. -- Casual Male Retail Group continues to roll out its DestinationXL format, with the opening of its eighth store, in Fairless Hills, Pa.

    DXL is an all-inclusive destination that encompasses Casual Male’s four existing apparel businesses, Casual Male XL, Rochester Big & Tall, Shoes XL and B&T Direct.

    The company plans to open up to 13 DXL stores during the balance of 2011, another 20-30 stores during 2012 and approximately 100 stores over a four to five year period.

  • No Boundaries

  • Focus on: Solar Power

  • Smarter Supermarkets

  • Aldi Steps Out — Into the Mall Discount grocer makes U.S. shopping center debut

  • Declining traffic is a global phenomenon

    The trend of fewer people shopping Walmart stores less often has hurt the company’s efforts to revitalize U.S. sales growth, and now it the appears trip consolidation trend is playing out internationally as well.

  • Int. division helped 2Q, but not as much as Sam’s

    Walmart International sales increased 7.1% to $27.8 billion in the second quarter and all countries produced sales growth, except Japan, when measured on a constant currency basis. Profitability didn’t improve as quickly. Operating profit was up 0.5% to nearly $1.3 billion, but if some one time charges are excluded the growth rate picks up to 5.6%.

  • Gap Inc. income down in a challenging quarter

    SAN FRANCISCO — Gap Inc. reported that net sales for the second quarter of fiscal year 2011, which ended July 30, increased 2% to $3.39 billion compared with $3.32 billion for the second quarter last year. The company’s second quarter comparable sales, which include associated comparable online sales, were down 2% compared with a 1% increase in the second quarter last year. For the second quarter of fiscal year 2011, online sales positively impacted comparable sales for Gap Inc. by 2 percentage points.

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