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Mass Merchant

  • Walmart reports increase in global giving

    BENTONVILLE, Ark. -- Walmart announced that, through the Walmart Foundation, it has donated $319 million in cash and $480 million in in-kind contributions around the globe during the fiscal year ending Jan. 31. According to Walmart, the company's U.S. giving grew by 64%, largely due to donations of produce, meats, poultry and other nutritious food to local food banks from Walmart stores, Sam's Club locations and distribution centers.

  • Forever 21 to open big in Miami Beach

    New York City -- Fast-fashion retailer Forever 21 will open a three-level, 39,000-sq.-ft. store in Miami Beach, Fla., Women’s Wear Daily reported.

    The store, scheduled to open this fall, will be located on Lincoln Road. Also heading to Lincoln Road is H&M, which plans to open a 22,000 sq. ft. in the pedestrian mall.
     

  • Two new tenants opening at Galloping Hill Center

    Union, N.J. -- A Seabra Foods and Koki Japanese Buffet opened at Galloping Hill Center in Union, N.J., according to Plainfield, N.J.-based Levin Management Corp., the property’s exclusive leasing and managing agent.

    A Seabra Foods is a full-service grocer and will open a 30,861-sq. ft. space formerly housed by another supermarket tenant.

    Koki Japanese Buffet leased 5,500 sq. ft., joining other retailers and services including Mandee, Memory Lane Hallmark, Citibank, Weight Watchers, Radio Shack and Manhattan Bagel.

  • The Wilder Cos. awarded contract for Wayside Commons

    Boston -- The Wilder Cos. said it has been awarded the leasing and management contract for Wayside Commons, an open-air shopping center in Burlington, Mass.

    The contract was awarded by UBS Realty Investors of Hartford, Conn.

    Wayside Commons is a 195,100-sq.-ft. outdoor center home to one of only three full-line, 30,000-sq.-ft. signature L.L. Bean stores in Massachusetts as well as a mix of retailers including Arhaus Furniture, Coldwater Creek, Eileen Fisher Company Store, Stellabella Toys and Capital Grille.

  • Yoga By Degrees and Smashburger to open at Rice Lake Square

    Wheaton, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Yoga By Degrees and Smashburger recently signed leases at Rice Lake Square in Wheaton, Ill., a western suburb of Chicago.

    The independently owned yoga studio is slated to open this spring in 4,598 sq. ft. of space. Denver-based Smashburger, a privately held gourmet burger chain, leased 2,200 sq. ft. of space, with plans to open this summer.

    Rice Lake Square is a 251,313-sq.-ft. shopping center anchored by Whole Foods, Stein Mart, Borders and PetSmart.

  • NPD report: Thriftier post-recession consumers stretch food dollars

    Chicago -- A report released Tuesday by The NPD Group said that U.S. consumers have emerged from the recession with a honed ability to stretch their dollars and, now faced with rising food costs, they are turning to the cost-savings tactics they’ve mastered over the past few years.

  • Food Network Star launches home line with Sears

    NEW YORK — TV star, entrepreneur and bestselling author Sandra Lee has entered into a direct-to-retail license agreement with Sears Holdings for home products. The exclusive collection of home products, Sandra by Sandra Lee, will be available in Sears and Kmart stores in spring 2012. The initial launch of the collection will include cookware, utensils, gadgets, bakeware, small kitchen appliances and tabletop items. 

  • Kohl’s completes credit-card portfolio transfer to Capital One

    Menomonee Falls, Wis. -- Kohl’s Department Stores said Tuesday it has completed the transfer of its private-label credit-card portfolio to Capital One Financial Corp., effective April 1.

    Capital One has acquired the more than 20 million existing Kohl’s Charge accounts and through the seven-year agreement will offer private-label credit cards to new and existing Kohl’s customers. According to the department store retailer, the credit-card business accounted for more than 50% of Kohl’s sales in 2010.

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