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Mass Merchant

  • Wal-Mart closes Jet.com deal

    It’s official: Wal-Mart is ready to service a new online customer base.   Wal-Mart’s acquisition of Jet.com was finalized yesterday, a move that extends the chain’s already vast digital presence.  

  • Department store retailer in expansion mode

    Not all department stores are scaling back on their portfolio.    Von Maur Department Stores has opened its third location in the state of Georgia, a 165,000-sq.-ft. store at the Mall of Georgia in Buford.  

  • Five reasons why Walmart bought Jet.com

    With its deal to buy Jet.com officially close, Walmart CEO Doug McMillon decided to answer a question that many folks have been asking: Why Jet.com?   In a blog on its website, McMillon listed the top five reasons it bought the online startup. The top reason: to better serve Walmart customers and reach new ones.  

  • Not good for business: Retailers show outerwear amid 90 degree temps

    Consumers’ new ‘buy now, wear now’ mentality it putting them at odds with retailers, many of whom are already pushing outerwear and other cold weather gear.    

  • Casto’s focus shifts to urban projects

    Casto has been successful building shopping centers in Ohio for 70 years because it’s not afraid to shift with the times, Don M. Casto III said in yesterday’s edition of the Columbus Dispatch.   The company has increasingly joined forces with other developers on mixed-use projects and turned back to its roots of building residences and retail buildings in downtown Columbus, the paper reported.   

  • Discounter in more store closings

    Kmart continues to shrink.   The chain is closing another 64 stores, Marketwatch.com reported.   The latest round of closings are in addition to a decision by Kmart parent Sears Holdings Corp. last April to close 68 Kmart stores this year, the report said.   Kmart operated 941 stores as of Jan. 30, meaning it has now announced plans to close about 14% of its locations.

  • Report: Holiday shopping, driven by digital, to get early start

    Gone are the days when Black Friday signified the official launch of the holiday shopping season.    In fact, nearly half (49%) of shoppers will have a bulk of their holiday shopping done by Thanksgiving Day, according to a new survey from market intelligence solutions provider Market Track. And digital deals will be the catalyst.  

  • Mattress Firm and Steinhoff — done deal

    A South African-based company is now the owner of the largest mattress retailer in the United States.   Steinhoff International Holdings NV announced it completed its acquisition of Mattress Firm Holding Corp.    As a result of the completion of the transaction, which was first announced in August, Mattress Firm’s common stock will no longer be traded on the NASDAQ stock market.  
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