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Mass Merchant

  • Children's Place names head of global sourcing

    SECAUCUS, N.J. — The Children's Place Retail Stores has announced the appointment of Peter Warner as SVP global sourcing, effective immediately. Warner will report to Eric Bauer, COO, and will serve as a member of the company's senior leadership team. He will be responsible for the global sourcing and production functions, technical services and Asian operations.

  • NRF: Swipe fee cut will save merchants and consumers billions

    Washington, D.C. -- Retailers and their customers will save billions of dollars when new Federal Reserve regulations cutting debit-card swipe fees roughly in half take effect this weekend, the National Retail Federation said.

  • Nordstrom Rack to open in Temecula, Calif.

    Seattle -- Nordstrom announced plans to open a new Nordstrom Rack in Temecula, Calif.

    The 35,700-sq-ft, store is scheduled to open during spring 2012 at Commons at Temecula, a regional shopping center. It will occupy the former Linens 'n Things space.
     

  • Leonard Green, CVC complete BJ's acquisition

    WESTBOROUGH, Mass. — BJ's Wholesale Club officially is owned by Leonard Green & Partners and CVC Capital Partners, just a few weeks after the retailer's stockholders approved the agreement.

    BJ's was required in an all-cash transaction valued at $51.25 per share, or $2.8 billion.

    BJ’s common stock will be delisted from the New York Stock Exchange prior to the opening of business on Monday, Oct. 3, the companies said.

    The deal was announced in late June after months of speculation. BJ’s board of directors unanimously approved the agreement.

  • Leonard Green and CVC complete acquisition of BJ’s

    Westborough, N.H. -- Private equity firms Leonard Green & Partners and CVC Capital Partners on Friday completed their $2.8 billion acquisition of BJ's Wholesale Club. The move, which takes the chain private, sets the stage for a stock delisting, effective Monday before the markets open.

    The deal was announced in late June after months of speculation. BJ’s shareholders approved the buyout on Sept. 9. The chain currently operates 190 warehouse clubs in 15 states.
     

  • Castro-Wright resignation noteworthy, but not a surprise

    Normally, it is a big deal when the vice chairman of a major company announces their retirement. Especially when said executive is only 56 and in the prime of their senior leadership years. That wasn’t the case earlier this week when Walmart announced that Eduardo Castro-Wright would be stepping down as vice chairman and CEO of the company’s global e-commerce and global sourcing businesses.

  • Halloween forecast is frighteningly good

    So much for the weak economy. A record number of people, 161 million to be precise, are expected to celebrate Halloween this year, according to the National Retail Federations annual survey.

    NRF has been conducting the consumer intentions and actions survey for 10 years and the outlook for this year is the brightest ever with average spending per person expected to increase to $72.31 from $66.28 last year.

  • Cheesewright becomes McMillon’s man in the Middle East and Europe

    Former Asda executive and Walmart Canada CEO David Cheesewright has a new role that opens up some intriguing growth possibilities, given his new responsibilities include oversight of geographic areas where Walmart doesn’t currently operate stores.

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