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Mass Merchant

  • Apparel goes back to basics and Bentonville

    After two years of being in New York City in order to be closer to the center of the fashion industry in the United States, Walmart is moving its apparel office back to Bentonville, Ark.

  • Rite Aid same-store sales up 2.9% in October

    Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that same-store sales increased 2.9% in October, boosted by a 3.6% surge in pharmacy same-store sales. Front-end same-store sales edged up 1.3%.

    Total drugstore sales for the four-week period increased 2.8% to $1.96 billion compared to $1.91 billion for the same period last year.

  • OfficeMax delivers a profit despite weak economy

    NAPERVILLE, Ill. — OfficeMax's sales were down for the third quarter, but the company managed to deliver higher net income growth during a period of executive transitions and a tough economy.

    OfficeMax announced that total sales were $1.8 billion in the third quarter of 2011, a decrease of 2.1% from the third quarter of 2010.  For the third quarter of 2011, OfficeMax reported net income of $21.5 million, or 25 cents per diluted share, compared with $20 million, or 23 cents per diluted share, in the third quarter of 2010.  

  • Dick's Sporting Goods opens two New York stores

    Dallas -- SRS Real Estate Partners announced that Dick’s Sporting Goods has executed leases and opened stores with affiliates of Forest City Enterprises at two projects in Metro New York.

    A 49,286-sq.-ft. Dick’s opened at Forest City Ratner’s Ridge Hill project in Yonkers, N.Y., anchoring the one million-sq.-ft. center.

    A 35,685-sq.-ft. Dick’s also opened in Staten Island, in a freestanding location in front of Staten Island Mall.

  • Dollar Tree opens at Applegate Ranch Shopping Center

    Atwater, Calif. -- Jacksonville, Fla.-based Regency Centers said that Dollar Tree has leased retail space in Atwater, Calif., at Applegate Ranch Shopping Center.

    Dollar Tree leased 9,264 sq. ft. and is now open. The 464,136-sq.-ft. shopping center is anchored by a Super Target, Walmart, Marshalls and Petco.
     

  • Mobile survey: 37% of retailers now have a mobile site

    Chicago -- The third annual Mobile Audit, released Thursday by e-commerce and digital marketing company Acquity Group, found that mobile adoption is on the rise. In fact, the percentage of retailers with a mobile site reached 37% in 2011, up from 12% in 2010 and only 4% in 2009 – a 210% increase over the past year alone.

  • Pet Supplies Plus executive chairman retires

    FARMINGTON HILLS, Mich. — Pet Supplies Plus, the third-largest pet specialty retailer in the United States, announced that Harvey Solway, executive chairman of the company, is retiring effective Dec. 31.

    Solway, 60, began his twenty-year career with Pet Supplies Plus as EVP and general counsel and served as the company's CEO from January 1993 through June 2011. Solway led PSP through its formative years and was instrumental in growing the business to its 92 corporate and 159 franchise stores today, the company reported. 

  • OfficeMax profit edges up in Q3 amid declining sales

    Naperville, Ill. -- OfficeMax reported Thursday that net income for the quarter ended Sept. 24 rose to $21.5 million, compared with $20 million in the year-ago period.

    Sales dipped 2.1% to $1.77 billion from $1.81 billion, barely meeting Wall Street’s expected $1.807 billion. Same-store sales dropped 4.3%.

    “We remain focused on driving operational efficiencies as we position the company for long-term growth," said Ravi Saligram, president and CEO, OfficeMax.

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