Mass Merchant

Beachwood, Ohio -- DDR Corp. announced Friday new Five Below stores in consolidated small shop and downsized junior anchor locations at five Atlanta-area shopping centers.

DDR said the new locations represent the continuation of efforts to strategically reduce small-shop space as well as rightsize junior anchors and re-lease the residual space at attractive market rents. At the locations where Five Below will be occupying downsized space, DDR will realize rental increases of nearly 50%.

MINNEAPOLIS — Target has disclosed the location of its first 24 stores in Canada. As previously announced, Target purchased the leasehold interests of 189 sites currently operated by Zellers Inc., and plans to open 125 to 135 stores in Canada, the majority of which will open in 2013.

Target plans to open stores in the following locations in March/early April 2013:

• London Westmount, Westmount Shopping Centre

• Kawartha Lakes, Lindsay Square Mall

Family Dollar reported quarterly results after the market closed Thursday and offered a reminder why Walmart suppliers who participated in last month’s Connecting Northwest Arkansas Supplier Survey ranked dollar stores as the greatest competitive threat to Walmart in the next five years.

Minneapolis -- Target Corp.’s plan to open 125-135 stores in Canada is rapidly taking shape, as the retailer has released the locations of its first 24 stores in the country.

As previously announced, Target purchased the leasehold interests of 189 sites currently operated by Zellers Inc.

The majority of Target’s initial two dozen stores will open in early 2013, and include four locations in Toronto (Centrepoint Mall, Cloverdale Mall, Shoppers World Danforth and East York Town Centre).

Tulsa, Okla. -- Scott & Goble Architects said Friday that it has been renamed SGA Design Group, effective immediately.

The firm operates offices in Bentonville, Ark., Berkley, Calif., and Los Angeles, in addition to its Tulsa headquarters.

Clients include Walmart, Kohl’s, Lowe’s, Sports Authority and Hobby Lobby.
 

Online sales increased 15% to $35.3 billion from Nov. 1 through Dec. 25 compared with the same time period the prior year, according to the online measurement firm comScore.

New York City -- Forest City Ratner Cos. announced that Kathryn Welch has been named retail group senior VP.

With 26 years of collective experience working with both New York City-based FCRC and its Cleveland-based corporate parent Forest City Enterprises, Welch now will assume oversight of all of FCRC’s retail projects. This includes retail properties under development as well as the company’s entire retail operating portfolio in the New York Metropolitan area.

Just when it looked like Walmart shares might be ready to make a run earlier this week after poking above $60 for the first time in more than three years, along came Target to spoil the party.