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Mass Merchant

  • Walmart ramps up fulfillment center growth to compete with Amazon

    Walmart has gone into high gear in its fight to challenge Amazon.   The chain is on track to double the number of warehouses dedicated to online sales to 10 by the end of 2016, according to a report on nbcnews.com.    

  • Report: Target to test vertical farming — in its stores

    Target Corp. is planning to test an agricultural process that involves growing plants indoors in precisely programmed conditions.   The discounter plans to test vertical farms within select U.S. stores, according Business Insider. The idea grew out of the Food + Future CoLab, a collaboration between Target, Ideo and the MIT Media Lab.  

  • Time Equities buys Dearborn power center for $20.6 million

    Mid-America Real Estate reported it has arranged the sale of the Fairlane Meadows Shopping Center in Dearborn, Michigan, to Time Equities for $20.6 million. The seller was Ramco-Gershenson Property Trust.   The 157,225-sq.-ft. center is situated within a residential development of the same name. The store roster includes Best Buy, Citi Trends, David’s Bridal, Five Below, and Dollar Tree. It is shadow-anchored by Target and Burlington Coat Factory.  

  • Redefining the space

    Retailers, developers attempt to turn shopping centers into gathering places with stores

    Digital moves fast. Business people who disregard the devastating waves of changes it leaves will inevitably be engulfed by them. Consider this rising marketplace tsunami detected by Deloitte Consulting:

  • Retail Next: The biggest, busiest shopping days of the year will be…

    Move over Black Friday.   The biggest shopping day in terms of holiday sales is expected to be Friday, Dec. 23, while the biggest day in terms of store traffic is expected to be Saturday, Dec. 17, according to RetailNext Inc. (See lists at end of story.) It’s the first time in many years that Black Friday failed to top either of the lists.    

  • Project Profiles

    Park West Village

    Location: Cary/Morrisville, North Carolina

    Size: Approximately 750,000 sq. ft.

    Owner: CASTO

    Key tenants: Target, T.J. Maxx, Buy Buy Baby, Ross, PetSmart, Earth Fare, Chili’s, Travinia, Hallmark, Carter’s, Gander Mountain, Stone Theatres, Chico’s, White House Black Market, ULTA, Pier 1, Charming Charlie’s, Firebirds, Blackfinn Ameripub, LOFT, Starbucks

  • Walmart to slow new store growth, invest in remodels and online

    Walmart gave a lackluster profit outlook for next year, and said it will slow new store openings as it invests in remodels and digital initiatives.

  • On the Level: A real estate column

    Do we come to bury Jeff Bezos, or to praise him?

    When I was a boy, my Cioci Mary (cioci is Polish for aunt) would occasionally treat me to a trip downtown in the small city where I grew up. We’d get a burger at Pappas’ diner and then head to W.T. Grant’s and she’d buy me candy, a comic book and a small toy. I mist up a little just thinking about it now, more than 50 years later.

    You think a child of today, decades hence, will recall his aunt buying him a pair of sneakers on her laptop as fondly?

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