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Mass Merchant

  • Busy September for off-pricer

    Saks Fifth Avenue Off 5th is opening three stores on Sept. 1, two north of the border.   The retailer is set to open its first-ever locations in Canada’s Alberta province, a 31,900-sq.-ft. store at South Edmonton Common, Edmonton, and a 30,000-sq.-ft. store at CrossIron Mills, Rocky View.   In addition, the off-pricer is opening a 23,000-sq.-ft. store at El Paseo Square, Palm Desert, California, also on Sept. 1.    

  • Toys ‘R’ Us promotes chief merchant to president

    Toys "R" Us announced the appointment of Melanie Teed-Murch as president, Toys "R" Us, Canada, effective Sept. 1.       Teed-Murch joined the retailer in 1996 as a store manager for Toys "R" Us in Kitchener, Ontario. She went on to hold a variety of senior leadership, merchandising and operational roles with increasing responsibility, including her most recent position as Canada's chief merchant.  

  • Report: Retailers should respond to needs of ‘silver’ shoppers

    Convenience stores stand to benefit the most from a greying population. That’s according to new report from Fung Global Retail & Technology which looks at the impact of the growing 65-and-over population on global economies, industries and retail.   

  • Unlikely allies: Obama and Walmart

    In a scenario that few could have predicted, Walmart has emerged as one of President Obama’s most reliable corporate allies, a partner that has backed the White House on more than a dozen initiatives, including Obamacare and climate change, bloomberg.com reported.  

  • In the cool, cool, cool of the city

    More and more these days, shopping center developers find themselves in the role of town planner. Once dedicated to creating pleasant spaces for people to shop in, they now are challenged to create places for people to live, play, eat and be entertained in. Build that, they’re told, and shoppers will come. But droves of millennials fleeing suburbs in search of more fulfilling urban lifestyles are giving developers an assist. In some cases, they’re hewing their own downtowns out of rough old sections of town. In others, old downtowns are remaking themselves to welcome this new city stock.

  • Sears’ losses mount in Q2; accepts loan from Eddie Lampert

    Sears Holdings Corp. swung to a loss amid declining sales in the second quarter, and chairman and CEO Eddie Lampert stepped in with more financing for his embattled company.   Sears said it had accepted a $300 million debt-financing offer from Lampert’s hedge fund, ESL Investments Inc. The loan is secured by a junior lien against Sears's inventory, receivables and other working capital.  

  • Target Gets ‘Smart’ About Lighting

    Target is taking its lighting to the next level. The retailer tapped Acuity Brands to provide Target stores with smart lighting technologies, featuring energy-saving LED fixtures and dimming controls. Target will be exclusively installing Acuity’s next generation, smart LED sales floor fixtures, along with its store accent lighting and distribution center site lighting.

  • Project Profiles

    Los Gatos Village Square

    Location: 15466 Los Gatos Boulevard, between California Highways 85 and 17 in Los Gatos, California

    Size: 46,235 sq. ft.

    Developer: Donahue Schriber Realty Group

    Grocery anchor: Trader Joe’s

    Key tenants: Pet Food Express, See’s Candies, The UPS Store, AAA Automobile Club, Baja Fresh Mexican Grill

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