Mass Merchant

MINNEAPOLIS — Target's just-released Missoni collection resonated so well with consumers that the demand for the line lead to the crashing of Target's website on Tuesday. Various newspapers reported that the collection was flying off the shelves of stores, and that some stores were sold out within minutes.

Target posted a note on its website : "Woof! We are suddenly extremely popular. You may not be able to access our site momentarily due to unusually high traffic. Please stay here and we'll try to get you in as soon as we can!"

Bentonville, Ark. -- Wal-Mart Stores said Wednesday that its technology unit, @WalmartLabs, has acquired Boulder, Colo.-based mobile and social advertising firm OneRiot.

OneRiot’s technology will become part of WalmartLabs’ mobile and social shopping efforts, allowing the retailer to hone its social media skills and develop a variety of shopping and retail-related applications.
 

NEW YORK – Holiday music playing throughout Toys “R” Us’ flagship store in New York City’s Times Square helped set the stage for chairman and CEO Jerry Storch’s take on what’s to come this season.

BENTONVILLE, Ark. — Wal-Mart Stores on Wednesday launched initiatives intended, it says, to help women around the globe in the next five years.

The retailer has spent the last year developing a plan -- with help from both governmental and non-governmental organizations and philanthropic groups -- which will direct $20 billion over a five- year period on goods and services from U.S. businesses owned by women, as well as double the amount it pays women-run suppliers overseas.

Portland, Ore. -- Daily deal site LivingSocial said Tuesday that it has reached new records with its first nationwide grocery deal, implemented with Whole Foods Market.

The debut deal offered shoppers $20 worth of products at Whole Foods for $10.

Northborough, Mass. -- BJ's Wholesale Club said Tuesday it has opened its newest Massachusetts Club location at Northborough Crossing 6102 Shops Way in Northborough, Mass.

The 120,000-sq-ft. store replaces a 23-year-old BJ's Wholesale Club nearby and adds services such as a gas station, full-service delicatessen, enhanced tire center and integrated liquor shop.
 

PHOENIX, Ariz. — The Global Market Development Center announced that its members have elected two new board members to serve in two-year terms on their board of directors: Mike Petocchi, business group manager HBC/cosmetics with Wegmans Food Markets; and former GMDC chairman of the board, Jim Wonderly, VP grocery non-foods/GM Ahold USA.

Minneapolis -- Best Buy Co. reported Tuesday that net income for the quarter ended Aug. 27 plummeted 30% to $177 million from $254 million a year earlier, missing Wall Street expectations.