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Mass Merchant

  • Costco, BJs and Target beat expectations

    New York City -- BJ’s Wholesale Club, Costco and Target all beat Wall Street expectations in August, helped by consumers seeking out emergency supplies and clean-up items as they prepared for and then dealt with Hurricane Irene.

    BJ's Wholesale Club’s same-store sales jumped 11.5% in August, beating analysts' predictions for a 7.8% increase. The retailer said that gasoline sales contributed about 3.6 percentage points to the increase, and hurricane-related sales contributed another 2.5 to 3 percentage points.

  • And then there’s Dollar General . . .

    As if escalating tensions with Target weren’t enough of a large format competitive concern for Walmart, Dollar General remains on a roll with its 9,641 value-oriented and conveniently located stores.

    The company sounded like it lifted a line from Target’s August sales release earlier this week when it reported second quarter results that exceeded expectations due to an increase in customer traffic and average transaction size.

  • Walmart U.S. CEO rallies veterans to lead 'American Renewal'

    BENTONVILLE, Ark. — Walmart U.S. President and CEO Bill Simon addressed attendees at the American Legion's 93rd National Convention on Wednesday, telling fellow Americans, veterans and Legionnaires that Walmart would create jobs in the U.S. by hiring more than 15,000 people to work in about 100 new and expanded Walmart stores by fiscal year's end.

  • O, Supermarkets

    When we think of our neighbors to the north in Canada, there are plenty of iconic symbols and traditions that come to mind: hockey, moose and the Mounties to name a few. When it comes to retail real estate in Canada, something else that could be considered “iconic” would be the fact that many regional malls there often have supermarkets as their major anchor.

  • Back-to-school, Irene aid Target’s August sales

    MINNEAPOLIS — The first month of Target’s third quarter is off to a solid start as the company reported a 4.1% same-store sales increase squarely in the middle of guidance that called for a low to mid single-digit gain.

  • Office Depot opens first Caribbean location

    Boca Raton, Fla. -- Office Depot is expanding into the Caribbean as part of its franchise agreement with Benmore International. The company has opened a store in Santo Domingo, Dominican Republic. It plans to open three additional locations in the Dominican Republic in 2012.

    In addition to its operations in various Central American countries and Puerto Rico, Office Depot plans to further expand its business throughout the Caribbean.

  • Lord & Taylor to open first-ever Home store

    New York City -- Lord & Taylor will unveil a new concept called Lord & Taylor Home on Friday, at Fashion Center shopping center in Paramus, N.J.  A second location, in Shrewsbury, N.J., is expected to open in several weeks. Lord & Taylor is owned by NRDC Equity Partners, which also owns Canada’s Hudson Bay Co.

  • Save the dates: Sept. 21 & Nov. 14

    Walmart suppliers interested in learning more about the sales opportunity presented by serving Hispanic customers domestically and internationally will have several opportunities to do so in the weeks and months ahead.

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