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Mass Merchant

  • Eastern retailers prepare for Hurricane Sandy

    New York -- As Hurricane Sandy bears down on the northeastern U.S., retailers are doing more than stocking up on emergency supplies for their customers – they are making preparations to protect themselves.

    According to a Friday report by MarketWatch, Sears Holdings Corp., for example, has a 45-person crisis command team in place to stay in close communication with its personnel housed at Sears and Kmart stores in the at-risk areas.

  • Christopher & Banks names former Payless chief as president and CEO

    Minneapolis -- Christopher & Banks Corp. said Monday it has named LuAnn Via president and CEO, effective Nov. 26.

    Via, also named to the retailer’s board of directors, succeeds Joel Waller, who will remain in a consultative capacity through June 30, 2013.

    Since July 2008, Via has served as president and CEO of Payless ShoeSource, a subsidiary of Collective Brands, which recently was acquired.

     

  • Barnes & Noble and Asda team to offer Nook

    London -- Barnes & Noble said Monday that its subsidiary Nook Media will partner with U.K.’s largest supermarket chain Asda to sell the Nook reader in 300 Asda stores across the U.K.

    Barnes & Noble said it plans to expand the expected number of U.K. retail outlets to over 2,500 and include various online retail platforms as well. Terms of its deal with Asda weren’t disclosed.

     

  • Weis Markets profit edges up in Q3

    Sunbury, Pa. -- Weis Markets Inc. reported Friday that net income for the third quarter increased 1.2% to $17.2 million.

    Sales for the period dipped 1.5% to $668.4 million and same-store stores decreased 1.7%.

    Weis Markets operates 162 stores in Pennsylvania, Maryland, New York, New Jersey and West Virginia.

     

  • Family Dollar names store operations exec

    Matthews, N.C. -- Family Dollar Stores said Friday it has named Colin McGinnis as SVP store operations support, store development and procurement. He will report to Barry Sullivan, EVP store operations.

    McGinnis joined Family Dollar in August of 2004 as a regional VP and, in 2006, he was named VP store operations support and process improvement. Most recently, he added additional responsibility for store services, procurement and store development.

     

  • Wal-Mart slows China store openings to 100 over three years

    Beijing -- Wal-Mart Stores Inc. said Friday that it plans to open 100 stores in China by 2015, a slowed pace from prior growth rates in the country but still representing ongoing interest in boosting its market share behind the country’s No. 1 player Sun Art Retail Group.

  • GameStop launches new holiday store concept

    Grapevine, Texas -- GameStop Corp. announced Friday it has unveiled a new store concept called GameStop Kids and will open 80 holiday stores in U.S. malls.

    GameStop Kids stores will feature an assortment of the most popular video games and accessories, toy brands and collectibles, showcased in temporary mall spaces.

    The first GameStop Kids location opened Friday at the Grapevine Mills Mall in Grapevine, Texas, with all other locations opening in the coming days and weeks, according to the company.

  • Wal-Mart completes deal with Chinese e-commerce company

    Bentonville, Ark. -- Wal-Mart Stores Inc. announced the completion of its increased investment in Yihaodian, a fast-growing Chinese e-commerce company. The chain now holds an approximate 51% stake in the Yihaodian holding company.

    "This investment demonstrates we are committed to the development of e-commerce in China and bringing the best possible shopping experience to Chinese customers," said Neil Ashe, president and CEO of Wal-Mart's Global e-commerce division in a statement.

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