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Mass Merchant

  • Dollar General to open 1,000 stores, two DCs in 2017

    Dollar General isn’t boasting when it calls itself one of America’s fastest-growing retailers.    The extreme-value discounter will open 1,000 stores and two distribution centers in 2017, resulting    In the creation of approximately 10,000 new jobs. The announcement comes as Dollar General is testing a new, smaller-store format under a new banner.   
  • Target tops among retailers in this key area

    Target Corp. leads other retailers when it comes to reaching and attracting qualified talent.    The discounter ranked the highest (at No. 26) among Fortune 500 retail-ers for employment branding in a study by global talent solutions com-pany WilsonHCG. Target was followed by Publix (No. 42), The Home Depot (No. 50), Walmart (No. 64), Nordstrom (No. 77) and Whole Foods Market (No. 115). No retailer cracked the top 10, which was led by Gen-eral Electric, Johnson & Johnson and AT&T.       
  • Torrid to open stores in five Cafaro malls

    Women’s plus-size retailer Torrid will open locations in five Cafaro Malls: Eastwood Mall (Niles, Ohio); Governor’s Square Mall (Clarksville, Tennessee); Huntington Mall (Barboursville, West Virginia), Millcreek Mall (Erie, Pennsylvania); and Spotsylvania Towne Centre (Fredericksburg, Virginia).     The 3,500-sq.-ft. stores are all expected to be up and running by June. Torrid, founded in 2001, operates more than 400 locations across 36 states.  
  • Whole Foods Market disappoints

    Whole Foods Market on Wednesday reported a disappointing first quarter and also lowered full-year sales and earnings guidance.    Net income was $95 million for the quarter ended Jan. 15. The company earned an adjusted 39 cents a share during the quarter, in line with estimates.   Total sales in the quarter increased 1.9% to $4.9 billion, less than the Street expected.    
  • Maryland community anxiously awaits mall’s replacement

    "It makes me feel really, really sad. I hate to even go up that way. Sometimes I go up that way because I go to the movie theater and I got to ride by it, and it's just heartbreaking, and to see the mall gone,” Owings Mills, Maryland resident Glenn Watlingon told WMAR-TV about the demolition of the Owings Mills Mall.   
  • Trump takes a swipe at Nordstrom — is TJX next?

    Nordstrom on Wednesday found itself the latest target of President Donald Trump's Twitter attacks.     The department store’s shares fell from session highs midmorning after Trump tweeted that his daughter, Ivanka, had been treated “so unfairly.” His comments were made in response to Nordstrom’s decision to stop carrying the Ivana Trump brand, which the retailer said was based on the brand’s performance.     
  • Study: This retailer will gain from Macy’s, Kmart store closings

    Off-price giant TJX Cos. stands to gain traffic from the planned shutterings of select Macy’s and Kmart stores this year.    A study by Foursquare indicates that T.J. Maxx will gain traffic from Kmart store closings, while Marshalls will benefit from Macy’s closings, reported Boston Business Journal. Both banners are owned by TJX Cos.  
  • Southampton locals rally behind shopping center

    Some 100 locals from tony Southampton, New York, gathered outside Town Hall yesterday to show their support for the building of a grocery-anchored center in the Tuckahoe neighborhood, according to Newsday.   Demonstrators wearing “Yes Tuckahoe Shopping Center” T-shirts argued that the King Kullen supermarket proposed for the project would give them easier access to affordable groceries.  
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