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Mass Merchant

  • Hillshire names chief customer officer

    DOWNERS GROVE, Ill. — The Hillshire Brands Company announced that Sean Reid will become chief customer officer, effective Aug. 20. Reid will lead the external selling organization and build sustainable strategic relationships and strategies across all consumer-facing channels including Wal-Mart, Kroger, Costco and development networks. He will report to Sean Connolly, CEO.

  • Survey: Most parents spend up to $500/child on back-to-school

    Austin, Texas -- A survey released Tuesday by coupon site RetailMeNot.com found that nearly 80% of parents spend up to $500 per child for back-to-school shopping.

    Additionally, the survey – which was conducted with Ipsos Public Affairs – found that the majority of parents get the jump on the school year by starting their shopping in July and August (54%) versus after the school year begins.

    A significant number of parents, 29%, find the back-to-school shopping experience to be either annoying or stressful.

  • Not just a lot of hot air: Walmart boosts sustainable rep with wind power

    BENTONVILLE, Ark. — Walmart has unveiled its first onsite large-scale wind turbine pilot project at  its distribution center in Red Bluff, Calif. The wind turbine, expected to be operational by this fall, will provide roughly one megawatt of power or 15% to 20% of the distribution center's yearly electrical use.

  • Walmart to add more detail to financial reports

    BENTONVILLE, Ark. — Wal-Mart Stores Inc. will adjust its future financial reports to add more detail on legal proceedings and cyber security after U.S. regulators asked the retailer to better explain certain matters in its latest quarterly and annual filings, Reuters reported.
      
    Wal-Mart's correspondence with the U.S. Securities and Exchange Commission took place in June and July and was made public on Monday.

  • Walmart unveils wind turbine

    Bentonville, Ark. -- Wal-Mart Stores Inc. said Tuesday it has introduced its first onsite large-scale wind turbine project, unveiled at its DC in Red Bluff, Calif.

    The wind turbine, expected to be operational by this fall, will provide roughly one megawatt of power or 15% to 20% of the distribution center's yearly electrical use.

    The GE SLE 1.0 megawatt wind turbine, equal to the height of a 20-story building, is projected to produce approximately 2,200,000 kilowatt hours annually.

  • Kardashians look for more branding with Sears eyewear line

    LOS ANGELES — The Kardashian sisters (Kim, Kourtney and Khloé) have expanded their retail empire with the addition of eyewear to their collection at Sears. Manufactured by Jupi Corp and Inspecs USA, the Kardashian Kollection Eyewear hit stores in July.

  • Target serves up exclusive collection to 'Hunger Games' fans

    MINNEAPOLIS — "Hunger Game" fans will hope the "odds be ever in their favor" to get their hands on special collection keepsakes and an exclusive three-disc version of the blockbuster film. These premium items range from $349 to $999 – Target’s first-ever licensed product offering at this price point – and will be introduced one per day beginning on Aug. 18 to coincide with the DVD release.

  • Report: U.S. shopping-center industry posts healthy Q2 net income gain

    New York -- Total operating income of all shopping centers on a square-foot basis in the second quarter of 2012 rose 4.9% from the same quarter last year, while operating expenses rose by a larger 5.8%, according to a new quarterly shopping-center benchmarking report from The National Council of Real Estate Investment Fiduciaries (NCREIF) and the International Council of Shopping Centers (ICSC).

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