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Mass Merchant

  • Rain and snow deal club channel blow

    Costco said its worldwide sales increased 11% to $9.19 billion for the five-week period ended Jan. 2 and total company same-store sales increased 6%. Same-store sales at Costco’s U.S. clubs increased 4%, or 3% if the effect of higher year-over-year fuel prices is excluded. Internationally, same-store sales increased 12%, but that figure was aided by currency exchange rates. Excluding the impact of exchange rates, international same-store sales increased 8%.

  • Think twice before suing Walmart

    Not that anyone ever forgets Walmart is a really big company, but every now and then a fresh reminder surfaces. That was the case this week with an announcement by Datacert, Inc., that Walmart had selected its Passport technology platform to help manage domestic legal processes and systems. Big companies that make a lot of money tend to get sued a lot, and in Walmart’s case the situation is magnified by the fact that it has more than two million employees interacting each week with 200 million customers in its 8,000 stores.

  • Walmart selects Datacert to monitor legal systems

    HOUSTON - Datacert announced that Walmart has selected its Passport technology platform, to help strategically manage Walmart's domestic legal processes and systems. In addition, Walmart will implement Datacert's matter management and spend management systems, which are built on Passport.

  • Five new tenants to open at Paster centers in the Twin Cities

    St. Paul, Minn. -- Paster Enterprises said that five new tenants have been secured at the company’s projects throughout the area. New tenants include Furniture CLW, No Box TVs, Chickadee’s House, Anytime Fitness and Wilson’s Leather Outlet.

    In Crystal Shopping Center, a 370,000-sq.-ft. community center, Wilson’s Leather Outlet will open a 3,171-sq.-ft. store. In Lexington Plaza Shoppes, a 26,747-sq.-ft. neighborhood center, Chickadee’s House will open a 1,332-sq.-ft. bird enthusiast store.

  • Sears names president of Retail Services unit

    Hoffman Estates, Ill. -- Sears Holdings announced that Deidra Cheeks Merriwether has been promoted to senior VP and president of its Retail Services business unit, succeeding James H. Haworth who will be leaving the company to pursue other opportunities. Merriwether will be responsible for the oversight and leadership of retail services for all Kmart and Sears stores.

  • Walgreens December sales up 7.5%

    Deerfield, Ill. -- Walgreens reported on Wednesday that its December sales rose 7.5% to $6.8 billion. The chain said that Duane Reade stores, which Walgreens acquired in April 2010, contributed 2.5 percentage points.

    Walgreens’ same-store sales for the month rose 2.8%

    The company said front-end sales were up 9.5%. Pharmacy sales, which accounted for 58.6% of total sales for the month, saw a 6% boost.

    During the month of December, Walgreens opened three stores, including one relocation, and acquired three stores.

  • Reports: Sears and Urban Outfitters among those eyeing J. Crew

    New York City -- Reports circulated Wednesday that several potential suitors, including Sears Holdings and Urban Outfitters, have been studying J. Crew’s books. Urban Outfitters is seriously weighing a counterbid for the high-flying preppy retailer, according to a report in The New York Times. At least two other private-equity firms are also receiving confidential data on the New York-based retailer, Bloomberg reported.

  • Family Dollar opens at Brice Park

    Reynoldsburg, Ohio -- Centro Properties Group announced that a 15,426-sq.-ft. Family Dollar recently opened at Brice Park, in Reynoldsburg, Ohio.

    Centro Properties Group, based in New York City, is the owner of Brice Park.

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