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Mass Merchant

  • Report: Wal-Mart sees big opportunities in emerging markets

    New York - Wal-Mart Stores sees more opportunity in emerging markets than in Europe, the company’s International Chief Executive Officer, Doug McMcMillion, told Bloomberg.

    “China is top of the list, and Brazil is not far behind” to make deals, McMillon said in an interview on Bloomberg Television’s “InBusiness With Margaret Brennan.” The retailer is being “patient” about finding the right way to expand in Russia, McMillon said.

  • Obama meets with Wal-Mart’s Duke

    New York - President Obama met with Wal-Mart Stores CEO Mike Duke in the Oval Office Monday afternoon. Sources said Obama and Duke were to discuss ways to spur job growth and encourage companies to invest in the United States.

    Arriving at the White House, Duke declined to answer questions about the substance of the meeting.

    “We’re just going to have a nice visit,” he said, according to Bloomberg.

  • New tenants announced for Intracoastal Mall

    North Miami Beach, Fla. - Boca Raton, Fla.-based Woolbright Development announced two new tenants for Intracoastal Mall, a 234,000-sq.-ft. shopping center in North Miami Beach.

    Hiro’s Yakko-San will open a 4,438-sq.-ft. Japanese restaurant in December 2010. And Dollar Tree has leased 10,200 sq. ft. and is slated to open a new store in early 2011.

    Intracoastal Mall is anchored by TJ Maxx, Old Navy, Winn Dixie and Sunrise Cinemas.

  • Nordstrom entering bridal business with dedicated in-store shops

    New York - Nordstrom is putting its foot in the bridal business, opening an in-store bridal boutique called the Wedding Suite at its Chicago flagship on North Michigan Avenue, according to the Chicago Tribune. The department store retailer is positioning itself as a one-stop shop for wedding parties, and will unveiling 14 bridal salons at stores nationwide over the next six weeks, the report said.

  • Survey ranks top 10 retailers for customer service

    Washington - Amazon.com, Nordstrom and J.C. Penney are just a few of the retailers that made the grade on the list of the top 10 retailers for customer service as selected by shoppers in the sixth annual NRF Foundation/American Express Customers’ Choice survey.

    The survey, which asked 9,291 shoppers which retailer provides the best customer service, was conducted by BIGresearch. In alphabetical order, the top 10 retailers for customer service are:

    • Amazon.com

    • J.C. Penney

  • Wal-Mart to buy 51% of South Africa’s Massmart

    Bentonville, Ark. - Wal-Mart Stores announced Monday that it is buying a controlling stake in South Africa's Massmart in an approximately $2 billion deal. The investment gives the discounter a substantial presence in South Africa and paves the way for further expansion across the continent.  Wal-Mart International president and CEO Doug McMillon made clear his company is pursuing a regional strategy.

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