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Mass Merchant

  • Englewood Construction completes five retail projects

    Chicago -- Englewood Construction, announced it has completed construction on five retail projects in the Chicago and Washington, D.C., regions.

    In the Chicago area, the firm finished construction of a 21,654-sq.-ft. Hhgregg store in Joliet, a 33,115–sq.–ft. Sears outlet in Naperville and a Mrs. Fields/TCBY Yogurt at Westfield Old Orchard shopping center in Skokie.
     

  • SRS Real Estate names exec for South Florida office

    Dallas -- SRS Real Estate Partners announced on Tuesday the hiring of Michael Weiss as senior VP in the South Florida office.

  • Charter Realty to lease Cross Roads Plaza

    Waterford, Conn. -- Westport, Conn.-based Charter Realty & Development Corp. said it has been hired by Chase Enterprises to lease the 300,000-sq.-ft. Cross Roads Plaza, located in Waterford, Conn.

    Cross Roads Plaza is anchored by Lowe’s, BJ’s, Bob’s and Regal Cinema.
     

  • Inland Private Capital announces sale of Huntington Square

    Huntington, N.Y. -- Oak Brook, Ill.-based Inland Private Capital Corp. announced Wednesday the $40.2 million sale of Huntington Square Plaza, a grocery-anchored shopping center located in Huntington, N.Y., on Long Island.

    Toronto-based RioCan Holdings purchased the 116,221-sq.-ft. center, which Inland Private Capital Corp. offered to a group of private tenant-in-common investors in 2004.

  • Wal-Mart de Mexico Q2 profit drops on store openings

    New York City -- Wal-Mart de Mexico SA said second-quarter profit fell 3.4% as the chain increased spending to open new stores and integrate Central American operations.

    The Mexican unit of Wal-Mart Stores reported a net income of 4.49 billion pesos ($380 million) in the April-June period, down from 4.65 billion pesos during the same three months of 2010. Revenue rose 9% to 88.37 billion pesos ($7.49 billion).

    CEO Scot Rank says spending to open new stores cut into profits but will help performance in the second half of the year.

  • M&M’s World makes European debut, in London

    New York City -- M&M’s World has made its European debut, opening a 35,000-sq.-ft. store in London’s busy Leicester Square.

  • Big Lots completes Canadian trifecta for U.S. retailers

    COLUMBUS, Ohio — Big Lots has acquired 89 Liquidation World stores in Canada and becomes the latest U.S. retailer to pursue growth opportunities north of the border.

    The company said it invested $20 million in cash and assumed certain liabilities in order to purchase all outstanding shares, satisfy debt obligations, and acquire all assets and leasehold rights of Liquidation World, an operator of 89 stores offering closeout merchandise. Big Lots currently operates 1,405 stores in the United States.

  • Survey: Food shoppers look for value amid rising prices, shrinking package sizes

    NEW YORK — Rising food prices and shrinking package sizes is a top concern for consumers, according to Deloitte's "2011 Consumer Food and Product Insight Survey."

  • Global Levi's line finds U.S. home at Target

    SAN FRANCISCO — Levi's announced that its Denizen jeans brand is making its U.S. debut exclusively at Target stores and on Target.com. 

    The brand first launched in Asia in 2010 and is available in China, India, Mexico, Pakistan, Singapore and South Korea, in addition to the United States.

  • Dancing on Border’s grave

    I’m not shedding any tears over the demise of Borders and neither is anyone else in the retail industry. It’s just business.

    There are always a few sentimental customers who turn up with a choice quote or two in the formulaic media eulogies that appear whenever a retailer goes under, but those customers will just have to find somewhere else to sip coffee and read books for free.

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