Mass Merchant

ISSAQUAH, Wash. — Costco membership seems to defy current consumer trends as the warehouse club announced Wednesday that it would raise its annual membership fees at the same time reporting increases in fourth quarter sales and earnings.

Washington, D.C. -- A new survey released Tuesday by the National Retail Federation found that nearly all retailers rely on background checks to keep their customers, and themselves, safe.

The survey, completed by retail executives from 96 of the nation’s leading department stores, mass merchants, discounters, drug stores, grocery stores and restaurants, examined retailers’ use of background screenings during the application and employment process.

BENTONVILLE, Ark. — While Toys"R"Us and Kmart were among the first retailers to release their hot toy lists, Walmart wasn't too far behind this year, offering many of the same toys as the aforementioned companies, and even some exclusives. 

New York City -- J.C. Penney is adding holiday shops on its main floor, the Associated Press reported.

The "Wrapt" shop concept will debut in the company’s Manhattan store this week. It will be rolled out to the chain’s stores nationwide on Oct. 24.

The in-store shops will carry about 300 items, with the majority exclusive to J.C. Penney, according to the report.

DALLAS — In an effort to encourage Americans to cook low-cost, heart-healthy meals at home, the charitable arm of Walmart and the American Heart Association have partnered on a new initiative.

The Simple Cooking with Heart program includes live demonstrations, online how-to videos, tips, recipes and free downloadable "host kits," which encourage people to host in-home parties to practice cooking simple, affordable and healthy meals with family, friends and neighbors, the Walmart Foundation and the American Heart Association said.

New York City -- O'Connor/Wafra Retail Partners, a fund sponsored by O'Connor Capital Partners and Wafra Investment Advisory Group, said it has acquired a 278,209-sq.ft., open-air center, Baybrook Village, in Houston.

Baybrook Village is anchored by Sports Authority, Ross and Toys ‘R’ Us, and also features PetSmart, Ulta, Jos. A. Bank and Jo-Ann Fabric & Crafts.  

The revelation this week that Target chief marketing officer Michael Francis had jumped ship to become president at JCPenney was a surprising development that sucked some of the oxygen out of the retailer’s Minneapolis headquarters. Target is all about marketing and Francis was instrumental in shaping some of the most interesting customer communications the marketing world saw during the past decade. He was so highly thought of that earlier this year he was tapped to lead Target’s entry into Canada, arguably the company’s most significant longer term growth driver.

Madison, Wis. -- Lee & Associates’ Madison office said it has completed $2.8 million of leases at The Shoppes at Hartford; a 24,000-sq.-ft. retail center in Hartford, Wis. 

Located next to a new Wal-Mart Super Center, Lee Madison had the center 75% pre-leased before construction commenced and 100% leased before construction was finalized. Construction commenced April 1, and all tenants are expected to open before Christmas 2011.