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Mass Merchant

  • Asda decides acquisition of outsourced apparel provider is good fit

    The Turkish sourcing division behind the success of the George brand for the past decade has been acquired by Walmart’s Asda unit, the company announced this week.

    According to Asda, it intends to acquire the Istanbul, Turkey-based GAAT sourcing division of Türkmen Group. GAAT works with more than 80 manufacturers to manage garment production on behalf of the George business in such key locations as Turkey, Sri Lanka and Egypt, according to an Asda press release.

  • DDR adds two Dick’s Sporting Goods stores at Utah properties

    Beachwood, Ohio -- Mall owner DDR Corp. said Friday that Dick's Sporting Goods will open stores at two of its shopping centers in Utah.

    The new Dick's Sporting Goods locations will replace former F.Y.E. stores and result in higher and longer-term contracted rents. At the same time, the re-tenanting improves the merchandise mix and credit quality of cash flows at the shopping centers by replacing underperforming stores with a market-share and category-leading retailer.

  • DSW announces two stores in Manhattan

    New York -- DSW Inc. has opened on 34th Street in Manhattan, in the heart of New York's fashion district. The retailer also announced plans to open a store on the Upper West Side in early summer 2012.

    At over 33,000 sq. ft., the 34th Street location is the one of the largest in the DSW chain. It has three floors of selling space. The DSW store at 79th and Broadway will also be very large, measuring over 32,000 sq. ft.
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  • Walmart falls in the middle of most admired, but does it matter?

    Fortune is out with its list of the “50 Most Admired Companies,” and Walmart landed at number 24, which is only a big deal if you buy into the notion espoused by those who compiled the list that it is the definitive report card on corporate reputations.

    It is not, at least as far as retailers are concerned for the simple reason the methodology doesn’t take into account the views of shoppers whose perceptions of retail companies matter far more than the folks Fortune surveyed to arrive at their most admired ranking.

  • Target adding expanded food layout to 230 stores

    New York -- Target Corp. will complete remodels at more than 100 general merchandise Target stores by March 25. The locations will be the first of three cycles of remodels for Target this year. In total, the chain expects to remodel 230 general merchandise Target stores to incorporate the expanded fresh food layout in 2012.

  • Report: Maurices opening 60 stores in 2012

    New York -- Women’s apparel retailer Maurices plans to open approximately 60 stores this year, according to the Duluth News Tribune. The total includes the chain’s first international location, in Canada.

    Maurices currently has 803 stores in 44 states, with the count up 32 stores since June.
     

  • Institute aims to keep Walmart honest on sustainability front

    Walmart is guilty of greenwashing to enhance it corporate reputation, and it would take the company three centuries at the current pace to reach its goal of being supplied 100% by renewable energy, according to a group critical of Walmart sustainability efforts that others have lauded.

  • Washington state starts process of privatizing state-run liquor stores

    New York -- Washington state opened a public auction online Thursday of its state-run liquor stores, beginning the process of privatizing an industry the state has tightly controlled since the end of Prohibition, the Associated Press reported.

    The minimum bid is $1,000, and within hours, more than 30 bidders had entered the fray, the report said. Some were looking to buy rights to all of the stores, while the majority bid on individual store locations.

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