Mass Merchant

New York City -- Discount stores will continue to dominate as the destination for the majority of consumers’ back-to-school dollars this year, with office supply stores also remaining strong, according to a survey by Accenture on parents’ back-to-school shopping plans. The majority of parents (59%) will spend between $100 and $500 on back-to-school shopping this year, with 21% of consumers saying they plan to spend more than $500 this year. That’s down from 28% in 2010, indicating a decline in spending on the big ticket items for school.

New York City -- Whole Foods Market plans to open a store in Virginia Beach, Va.

The retailer recently signed a lease with S.J. Collins Enterprises for the construction of a 40,000-sq.-ft. store in the Hilltop section of Virginia Beach. It is scheduled to open by yearend 2013.

AUSTIN — While the White House may be working with several retailers to combat so-called food deserts, those who can afford to spend more on their grocery bill are doing just that, helping to drive up profits at Whole Foods.

The company reported that its third-quarter profit rose 35% to $88.5 million, compared with $65.7 million in the year-earlier period.

ROME — Gap Inc. announced that it will open its first Gap flagship store in Rome on Via del Corso, the city’s premier shopping district. The company said it expects to open the store on July 30.

JAMESTOWN, N.Y. — Kathy Ireland has put her name on a new line of office furniture for Bush Furniture. The Kathy Ireland Office line will be available in retail stores as early as this fall.

Each of the four collections in the line - New York Skyline, Volcano Dusk, Sonnet and Grand Expressions – includes coordinated home office furnishings and storage accessories, creating a complete work-and-play environment for people in business and their families. 

Rome -- Gap said Friday that it will debut its first Gap flagship store in Rome on Via del Corso, the city’s premier shopping district, on July 30.

The opening in Rome is part of Gap’s ongoing international growth strategy; it opened its first Gap and Banana Republic stores in Milan in November 2010.

Four additional Gap and Banana Republic stores are slated to open in Italy this year. The company also recently introduced its outlet concept to the country and said it expects to open additional stores in Italian outlet centers.

Los Angeles -- Westfield Group shopping center owner said in a statement that it has agreed in principle to joint-venture with the Port Authority of New York and New Jersey the new retail precinct at the site of the New York World Trade Center.

Westfield, upon completion of the deal, would manage and lease out the retail space expected to open in early 2015.

BENTONVILLE, Ark.  — The Walton Family Foundation revealed Wednesday that it will donate $50 million to Teach For America, a commitment that stands to nearly double the size of the organization’s teaching ranks.

The charity that was created by the founder of Wal-Mart Stores will mete out half of the funds over a three-year period, and will increase the number of teachers to 15,000 by 2015. The remaining half of the donation will support the training of existing Teach for America instructors in seven communities.

BENTONVILLE, Ark. -- A Wednesday report by Bloomberg said that Wal-Mart Stores has named Morten Knudsen as CFO for Asia, as the retailer recasts its leadership roles in the region amidst top-heavy turnover.

Knudsen, who was previously VP for corporate finance in Asia for Danone, takes the financial chief spot for Wal-Mart Asia effective Sept. 1.

Since May, Walmart has lost Japanese chief Toru Noda and three of its top executives in China, including the CFO and COO Roland Lawrence and Rob Cissell, respectively.

Retailers who release monthly sales next Thursday will offer fresh insight and hard numbers on back-to-school shoppers’ early season spending behavior and that’s a good thing because so far opinions offered by forecasters are all over the place.

Back in early July, Customer Growth Partners said seasonal sales would grow by 6.2% to $467 billion, the most since 2006, despite economic headwinds.