Skip to main content

Mass Merchant

  • Worst state for business is where Target has most stores

    Target has done quite well for itself in California, but that doesn’t mean it’s been easy. Ironically, the state with the most extensive network of Target stores also happens to be the one identified as the worst state in which to do business, according to a recent survey.

  • Joe's Crab Shack to open at Hunt Valley Towne Centre

    Bethesda, Md. -- Sax Realty said that Joe’s Crab Shack will open in the Hunt Valley Towne Centre, north of Interstate 695, in Bethesda, Md.

    The center is anchored by Wegman's, Burlington Coat Factory, Dick's Sporting Goods, Best Buy, DSW and Regal Theatres. This will be the fourth new Joe's to open in Maryland, joining restaurants in Greenbelt, Bel Air and Arundel Mills which opens summer 2012.

  • Steinhafel on the origins of EMPL and reflections on 50th

    Target turned 50 this year, and chairman, president and CEO Gregg Steinhafel weighed in on the expect more, pay less (EMPL) value proposition, his 32-year career and miscellaneous other topics in a Q&A interview with the company’s online magazine known as “A Bullseye View.” To read a transcript of his comments click here.



     

  • Loblaw Q1 profit falls 22%

    Brampton, Ontario -- Canadian grocery chain Loblaw Cos. reported Wednesday that net income for the first quarter plummeted 22% to $128 million, compared with $156 million in the year-ago period. The country’s largest food retailer was squeezed by higher costs and heightened competition as Wal-Mart Stores continues its march into Loblaw territories.

    Revenues for the quarter edged up .9% to $7.02 billion. Same-store sales dipped 0.7%.

  • Gap names H&M global exec as president of Old Navy

    San Francisco -- Gap Inc. announced Monday that it has appointed former H&M global sales head Stefan Larsson as the new president of Old Navy, effective the end of October.

    Larsson replaces Tom Wyatt, who left the company in February.

    The move is expected to pay dividends for Gap as it preps to open its first overseas Old Navy store – in Japan – this July.

  • Shopko circular goes digital

    Green Bay, Wis. -- Shopko Stores, through a partnership with Wishabi, is now offering customers access to a digital circular online at Shopko.com.

  • Wal-Mart assessed $4.83 million in back wages, damages

    Bentonville, Ark. -- The U.S. Department of Labor’s Wage and Hour Division has ordered Wal-Mart Stores Inc. to pay more than $4.8 million in back wages and damages to some 4,500 employees nationwide.

    The assessment follows a departmental investigation of the retailer that uncovered violations of the federal Fair Labor Standards Act's overtime provisions.

    Wal-Mart has been assessed another $463,815 in civil money penalties.

  • Ahead of annual meeting, Sears predicts Q1 income growth

    HOFFMAN ESTATES, Ill. — Ahead of its annual shareholders' meeting, Sears Holdings has provided first-quarter guidance calling for net income between $155 million and $195 million (between $1.46 and $1.84 per diluted share from continuing operations) versus a net loss from continuing operations of $165 million ($1.53 loss per diluted share from continuing operations), for the first quarter in 2011.  The above range includes approximately $235 million, after tax and minority interest, of gains from the sale of certain U.S. and Canadian stores.

X
This ad will auto-close in 10 seconds