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Mass Merchant

  • Target exec joins chain drug board

    Jose Barra, SVP health care and beauty at Target, is among four new members elected to join the 21-member board of directors of the National Association of Chain Drug Stores (NACDS). Barra’s appointment was announced at the NACDS Annual Meeting held this week in Scottsdale, Ariz. Other new members include, Jerry Cline, SVP retail sales and marketing at Good Neighbor Pharmacy; Lynne Fruth, chairman of the board of Fruth Pharmacy and Steve Kaczynski, CEO of Navarro Discount Pharmacies.

  • Target in Canadian court over trademark dispute

    New York City -- Target Corp. was due in court in Canada on Monday in an attempt to win exclusive right to use its name in Canada, the Wall Street Journal reported.

    Target is asking the court to impose a preliminary injunction against Canadian retailer Isaac Benitah and his company, Fairweather, which owns 15 stores across Canada called Target Apparel and has a logo similar to that of Target Corp, the report said.

  • Target testing pre-paid card with American Express

    New York City -- Target has joined with American Express to offer a co-branded prepaid card that customers can reload and use at any store that accepts Amex cards, according to the Minneapolis/St. Paul Business Journal.

    Target said in an e-mailed statement that it is selling the cards in a test at 100 stores in four cities: Chicago, Denver, Miami and Washington, D.C., the report said. The company said there is no projected end date.

  • Hudson’s Bay to test Home Outfitters concept in United States

    New York City -- Hudson’s Bay Co. will test its HBC’s Home Outfitters concept in the United States, opening two stores in New Jersey in late summer, The Globe and Mail reported.

    If successful, the company will further expand the home-goods concept, which will be called Lord & Taylor Home in the United States. (Hudson’s Bay and Lord & Taylor are owned by Purchase, N.Y.-based NRDC Equity Partners.)

  • Pita Pit, Yolicious to open at Orchards Market Center, Phase II

    Vancouver, Wash. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to Pita Pit and Yolicous, which will open in a 2,032-sq.-ft. space this summer at Orchard Market Center, Phase II, located in Vancouver, Wash.

    The 178,000-sq.-ft. shopping center is anchored by Wholesale Sports and LA Fitness, alongside national retailers such as Jo-Ann, Office Depot, Petco and Starbucks.

  • Simon named to lease, manage and market Fox Run Mall

    Newington, N.H. -- Indianapolis-based Simon Property Group said it will assume leasing, management and marketing duties of the Fox Run Mall, located in Newington, N.H., effective May 15.

    The enclosed regional shopping center, built in February 1983, is anchored by Macy’s, J.C. Penney and Sears. Other tenants include Abercrombie & Fitch, Hollister, Express, Loft, Limited, Men’s Wearhouse, American Eagle Outfitters and Victoria’s Secret.

    The center totals 604,000 sq. ft. and is situated on nearly 70 acres.

  • J.C. Penney completes new $1.25 billion credit facility

    Plano, Texas -- J. C. Penney Corp. has completed a new five-year $1.25 billion bank credit facility.

    The new facility replaces a $750 million credit facility that was scheduled to mature in April 2012 and provides further strength to the company's liquidity position. The facility may be used for general corporate purposes and will mature in April 2016.
     

  • Publix helps customers give back to tornado victims

    LAKELAND, Fla. -- Publix Super Markets announced that it has established a program to offer its customers and associates a way to directly assist those areas in the South affected by recent tornadoes and severe weather. Customers may donate any amount by adding it to their grocery totals when checking out at Publix registers. Collected money will be channeled through the American Red Cross and designated specifically for the Southern Storms disaster relief efforts. The program will continue for a few weeks, based on customer response.

  • Walmart pledges $1 million for tornado relief

    Bentonville, Ark. -- Walmart announced that through its charitable arm, the Walmart Foundation, it is committing $1 million in cash and in-kind donations to support emergency relief efforts following the recent Southern storms, Midwest floods and Texas wildfires.

  • Mall of America owner to complete troubled Xanadu Project

    New York City -- Triple Five Worldwide Development Co. LLC, owner of the Mall of America in Minnesota, reached a deal with lenders and New Jersey Governor Chris Christie to complete and expand the stalled Meadowlands Xanadu entertainment complex in East Rutherford, N.J., Bloomberg reported.

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