Mass Merchant

Beachwood, Ohio -- Developers Diversified Realty Corp. announced the opening of Dick's Sporting Goods at The Fountains, a completely redeveloped 477,343-sq.-ft. community shopping center located in Plantation, Fla.

Dick's Sporting Goods joins Kohl's, which opened in 2009, as one of the first new tenants at the redeveloped center. In addition, Jo-Ann fabric and craft stores will open a 20,000-sq.-ft. store and Lime Fresh Mexican Grill will open a 2,160-sq.-ft. restaurant early in 2011. The center also features Marshalls and HomeGoods and is 93% leased.

New Albany, Ohio -- Abercrombie & Fitch Co. on Tuesday reported a profit of $50 million for the quarter ended Oct. 30, compared with $38.8 million in the year-ago period. Its results were helped by improving sales in the United States and international revenue.

Sales rose 18% to $886 million, matching Wall Street expectations. Same-store sales increased 7%. By division, same-store sales rose 8% at namesake stores, 2% at Abercrombie kids stores and 7% at surf-themed Hollister stores.

San Francisco -- Levi Strauss and Co., Wal-Mart Stores, The Gap, Hanesbrands, Nordstrom, and Gildan Activewear scored highest on survey of global supply chain compliance programs of U.S. apparel brands and retailers released Tuesday by corporate responsibility group As You Sow.

Modesto, Calif. -- Save Mart Supermarkets is set to launch a new value-focused concept, called Maxx Value Foods, which is designed to offer consumers lower prices, with a center aisle dedicated to high-value offerings.

The chain has converted a 34,000-sq.-ft. conventional store in Modesto, Calif., into the new format, which will debut on Wednesday.

The limited-selection store will retain the appearance of a conventional grocery store, but will use a selection of products as a key element to drive down prices, the company said.

Bentonville, Ark. -- Wal-Mart Stores reported Tuesday that profit for the quarter ended Oct. 31 rose 9.3% to $3.44 billion, compared with a profit of $3.15 billion in the year-ago quarter.

However, same-store sales in the United States declined as Wal-Mart’s shoppers remain under pressure in a weak economy. Same-store sales in the United States fell 1.3%, the sixth consecutive quarterly decline at the world’s largest retailer.

Net sales rose 2.6% to $101.2 billion.