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Mass Merchant

  • Kohl's names new board member

    MENOMONEE FALLS, Wis. — Kohl's announced that its board of directors has elected John Schlifske as a new board member, effective immediately. He has been elected to a term expiring at Kohl's 2012 annual shareholders meeting and will be eligible for re-election by Kohl's shareholders at that time. He will initially serve on the board of directors' governance and nominating committee.

  • Kmart says hola to Hispanic marketing

    HOFFMAN ESTATES, Ill. — Sears Holdings continues its efforts to reach more Hispanic consumers with the announcement that its Kmart brand has launched a Spanish-language miniseries on YouTube.

  • 11 Broadway, New York City

    Architectural firm GreenbergFarrow is designing 11 Broadway, a 161,570-sq.-ft., mixed-use property now under construction at Kent Avenue and Broadway in Brooklyn's Williamsburg section.

    11 Broadway is a mixed-income building that includes both residential and commercial spaces. It was developed by L+M Development Partners, Inc. and continues the company’s work in providing high-quality affordable housing to emerging communities in New York City.

  • Sports Authority to open six stores on Aug. 13

    Englewood, Colo. -- Sports Authority said Tuesday it will open six new stores on Aug. 13.

    The new stores will open in five states, and include the major markets of Miami, Los Angeles, Salt Lake City, Chicago and Milwaukee.
     

  • Meijer introduces latest Simply Give campaign

    GRAND RAPIDS, Mich. — After exceeding more than $2 million in food and donations, Meijer announced that it once again has launched the Simply Give campaign throughout its stores.

  • 99 Cents Only Stores Q1 profit up, to open 16 new stores

    City of Commerce, Calif. -- Discount retailer 99 Cents Only Stores reported Monday that net income for the quarter ended July 2 rose to $17.7 million, from $16.8 million in the year earlier period.

    Total revenue rose 6.3% to $368.3 million, from $346.5 million a year ago. Same-store sales rose 5.9%.

  • Report: July card spending slowed overall, but general merchandise jumped sharply

    Atlanta -- A report released Tuesday by First Data Corp., which tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, found that card spend growth slowed significantly in July. However, dollar volume growth at general merchandise stores, including value retail, rose 10.3%, the largest increase in 10 months, as value retailers increased merchant promotional activity and discounting to attract consumers.

  • Online retail sales continue to soar

    RESTON, Va. — Online U.S. retail spending in second quarter 2011 reached $37.5 billion for the quarter, up 14% versus year ago, comScore reported Monday. This growth rate represented the seventh consecutive quarter of positive year-over-year growth and third consecutive quarter of double-digit growth rates.

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