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Mass Merchant

  • Rouse sells Oregon power center

    Rouse Properties has divested itself of an 821,564 center in Eugene, Oregon, whose tenants include Target, Cinemark, Cabela’s, Kohl’s, Hobby Lobby, and Ulta. The Shoppes at Gateway was purchased by Balboa Retail Partners for an undisclosed amount.   “The Shoppes at Gateway is a thriving shopping center that drew significant investor interest," said JLL EVP Geoff Tranchina, who represented Rouse in the deal. JLL will continue on as the managing agent of the property.  

  • First Look: Target’s next-generation store concept

    Target Corp. has unveiled its next-generation store format, which will make its debut in Richmond, Texas, a Houston suburb, in October.   In addition to the new 124,000-sq.-ft. Richmond store, 40 additional Target locations will receive elements of the redesign when they are updated, also in October.      

  • Walmart launches Store No. 8 — but it’s not really a store

    The nation’s largest retailer is delving deeper into e-commerce and evolving technology with its newest investment.   Walmart has formed Store No. 8, a technology incubator that will be based in the Silicon Valley. (The new initiative is named after an early Walmart store that company founder Sam Walton used to try out new retail strategies.)  

  • Former Gordmans CEO set to make offer for bankrupt retailer

    Jeff Gordman, the former CEO of Gordmans, plans to submit a bid for the bankrupt 106-store chain that would rescue it from liquidation. But he isn’t the only interested party.   

  • Target to open in Macy’s backyard in NYC

    Target Corp. is bringing its small-format store to the heart of Manhattan.   The discounter plans to open its first location in mid-town Manhattan, a 43,000-sq.-ft. store in Herald Square, just west of the 34th Street and Broadway intersection, and one block from Penn Station — and across the street from the Macy’s flagship.  

  • Kroger names new Fred Meyer Stores president

    That was fast.   The Kroger Co. wasted no time in naming a replacement for Jeff Burt, president of Fred Meyer Stores, who resigned on Monday, March 20, to head up Target’s grocery business.    Kroger tapped company veteran Joe Grieshaber as president of Fred Meyer Stores, immediately.  

  • Starbucks, Seattle

    Starbucks has debuted its in-store Reserve coffee bar concept in downtown Seattle.      The new store combines the educational aspects of the company’s Reserve Roastery format and its rare small-lot Reserve coffees within a traditional Starbucks setting, complete with such regular coffee and Frappuccinos.    It’s estimated that Starbucks locations with the Reserve bar will make up 20% of the company’s global store portfolio over time.   

  • Retailers: Detroit wants you! (And you should want Detroit.)

    Detroit is one of the most encouraging and intriguing stories to develop in the wake of the Great Recession. With investment, development, and redevelopment booming downtown, office and multi-family momentum has spurred a retail revival. The Motor City is revving its retail engine and is well on the way to arriving as a true retail destination for the first time in decades.   
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