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Mass Merchant

  • Discounters and warehouse clubs beat expectations in November

    New York City -- The nation’s discount retailers and warehouse club operators posted strong sales in November, beating analysts’ expectations. The results were fueled by promotions and cold weather in some parts of the country, as well as strong Black Friday traffic.

    Target Corp. said Thursday more shoppers came to its stores in November and spent more than a year earlier, helping to fuel a 5.5% rise in same-store sales during the month. Analysts polled by Thomson Reuters, on average, expected a 3.7% gain.

  • Retailers post strong November sales, apparel a top-performer

    New York City -- Retailers nearly across the board reported a strong start to the holiday season as their November sales were enhanced by aggressive discounting that started early in the month. Same-store sales rose 6% in November,  above the estimated growth of 3.6% and the year-ago gain of 0.6%, according to 27 retailers tracked by Thomson Reuters. 

  • Kroger swings to profit in Q3

    Cincinnati -- Kroger Co. rang up better sales and returned to third-quarter profitability but the company warned that shoppers remain cautious.

    The Cincinnati-based grocer reported Thursday that net income was $202.2 million, compared with a loss of $875 million a year earlier.

    Revenue was up 5.9% to $18.7 billion.

  • Nordstrom Rack to open in Tigard, Ore.

    Seattle -- Nordstrom plans to open a new Rack discount store next fall in the Portland suburb of Tigard, Ore.

    The retailer said the new 45,000-sq.-ft. t store will open in Cascade Plaza in Tigard, about a mile away from a full-line Nordstrom store in the Washington Square shopping center.

  • General Growth implements EcoStance to kiosks, Santa sets

    Chicago -- General Growth Properties announced Wednesday it is implementing its EcoStance of environmental responsibility to the malls’ kiosks, located throughout all the shopping centers’ common areas.

    Over the last few months, GGP converted over 50,000 incandescent lights to energy-efficient LED lights in over 135 malls. The new LED lamps produce brighter light levels, last longer, lower carbon emissions, and reduce energy consumption by at least 85%, according to the mall owner.

  • Fashion Metro opens at Northtown Plaza

    Houston -- Centro Properties Group said Tuesday that Fashion Metro has opened a 9,810-sq.-ft. store at Northtown Plaza, in Houston.

    Centro Properties Group, based in New York City, owns Northtown Plaza.

  • X Team partner arranges sale of Downtown Pleasant Hill

    Pleasant Hill, Calif. -- X Team International said Tuesday that Walnut Creek, Calif.-based partner John Cumbelich & Associates arranged the sale of Downtown Pleasant Hill, a 345,687-sq.-ft. community shopping center in Pleasant Hill, Calif.

    Downtown Pleasant Hill is anchored by Century Theatres, Lucky Supermarket, Bed Bath & Beyond, Ross Dress For Less, Michaels and Borders.

    The buyer was Walnut Creek-based Loja Group, and the seller was a joint venture between Prudential and Developers Diversified Realty.

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