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Mass Merchant

  • No Target on Morningstar’s top 10

    The analysts at Morningstar combed through 330 consumer sector companies and came up with a list of 10 names that comprise the firm’s new “Consumers’ Choice List. 

  • Report: Consumers spent $44 billion on holiday 2011

    Chicago -- Thanks to a last-minute shopping rush, Christmas 2011 will likely outpace its prior-year counterpart. According to a report released Wednesday by ShopperTrak, consumers spent approximately $44 billion in GAFO retail sales for the week ending Dec. 24, a 37.8% increase over the previous week and a 14.8% gain over the same week last year.

    Foot traffic was also high, increasing 32.4% from the previous week.

  • E-commerce survey: Amazon tops in holiday service; Gap lags

    Ann Arbor, Mich. -- Survey results released Wednesday by customer experience analytics firm ForeSee found that Amazon has continued its trend of high customer service, while other online retail experiences suffered in 2011.

    According to ForeSee’s annual Holiday E-Retail Satisfaction Index,
    Amazon climbed two points to score 88 on the study’s 100-point scale, registering the highest score from any retailer in 14 consecutive studies.

  • ICSC: Last-minute holiday shopping gives 4.5% year-over-year lift

    New York City -- A report released Wednesday by the International Council of Shopping Centers found that a last-minute shopping surge gave merchants a solid lift during the final week before Christmas.

    According to the ICSC-Goldman Sachs Weekly Chain Store Sales Index, same-store sales rose 0.9% for the week ended Saturday compared with the previous week. That is also up 3.4% from the week before and up 4.5% over the same period a year ago.

  • Consumer Confidence rose more than forecast in December

    Washington, D.C. -- The Conference Board report, released Tuesday, found that confidence among consumers rose to an eight-month high in December, increasing to 64.5 from a revised 55.2 reading in November.

    The index reading exceeded all estimates in a Bloomberg News survey and was the highest since April.

  • Carrefour to sell, lease-back 97 stores

    Paris -- A Tuesday report by the Wall Street Journal said that French retailer Carrefour SA has sold 97 supermarket sites to an investment company for $477 million.

    Carrefour, the world’s second-largest retailer after Wal-Mart Stores, will continue to operate the sites through 12-year leases under its Carrefour Markets banner. The company said the sales and lease-backs will allow it to optimize the use of its capital, which will be reinvested into other real estate.

  • Marshalls to open at Lompoc Shopping Center

    Lompoc, Calif. -- Brixmor Property Group announced a 24,050-sq.-ft. lease has been executed with Marshalls at Lompoc Shopping Center, located in Lompoc, Calif. 

    Marshalls will join other national retailers including Vons, Michael’s, Pier 1, Petco and Staples. 

    Brixmor, based in New York City, is the owner of Lompoc Shopping Center.

  • Forever 21 expands Willow Grove Park presence

    Philadelphia -- Forever 21 recently relocated and expanded to a two-story location in the newly developed wing at Willow Grove Park, located in eastern Montgomery County just north of Philadelphia. The mall is owned and operated by Pennsylvania Real Estate Investment Trust.

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