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Mass Merchant

  • Cole acquires three retail centers for $130.9 million

    Phoenix -- Cole Real Estate Investments said it has purchased three retail power centers totaling about 875,000 sq. ft. for $130.9 million.

    The acquired properties are Hillside Town Center, a 165,000-sq.-ft. center in Hillside, Ill., for $27 million; White Oak Village, a 433,500-sq.-ft. property in Richmond, Va., for $68 million; and Barrow Crossing, a 276,000-sq.-ft. center in Winder, Ga., for $35.9 million. Barrow Crossing is a joint venture with Faison, the original developer of the property.

  • Wage-hour issues to consider during the holidays

    By Bruce M. Cross, [email protected]

    In the holiday rush, it's easy to overlook wage-hour issues. This article discusses common ones to which retailers should be alerted, including: temporary workers and independent contractors; unpaid interns and trainees; “off-the-clock” work, meal and rest breaks; seating requirements; cost of uniforms; workplace safety; and overtime exemptions.

    Temporary workers

  • Ricky’s names CEO

    New York -- Ricky's has named Catherine Moellering, former executive VP at retail consultancy the Tobe Report, as president and CEO, Crain’s New York reported.

    Todd Kenig, the former CEO who founded the beauty store chain with his brother Ricky, left the company early this year. He was replaced in the spring by Richard Krantz, who is no longer with the company.

     

  • Perfumania Holdings appoints CMO

    New York -- Perfumania Holdings announced today the appointment of Linda G. Levy to senior VP and chief marketing officer, effective immediately. She was previously VP merchandise marketing for cosmetics and fragrances at Macy’s.

  • Walmart likes Facebook — and vice versa

    New York — Some Facebook investors may be feeling a bit disgruntled, but Walmart couldn’t be happier with its experience with the social network.

  • Supermarkets facing competition as grocery leader

    FORT LEE, N.J. — Supermarkets are facing increased competition from dollar stores, according to a new survey from Perception Research Services International.

  • Forget like, Walmart loves Facebook

    Facebook investors are still a disgruntled lot, but Walmart couldn’t be happier with its experience with the social network.

  • Survey: Dollar stores put increased competition on supermarkets

    Fort Lee, N.J. — Supermarkets are facing increased competition from dollar stores, according to a new survey from Perception Research Services International.

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