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Mass Merchant

  • Party City taps former Ahold exec as new finance head

    Party City Holdco Inc. on Thursday named Daniel J. Sullivan as CFO.   Sullivan succeeds Michael A. Correale, who is stepping down as Party City CFO to focus on the newly created position of executive VP chief accounting officer and treasurer, effective Aug. 29. In his new role, Correale will be responsible for all of the company’s external financial reporting, treasury functions, banking and credit relationships.  

  • Target powers up with wind energy partnership

    Target Corp. has expanded its commitment to renewable energy.    The discounter kicked off its first wind power partnership, buying a portion of the energy produced by a Starwood Energy Group wind farm to offset 100% of the energy used at 60 Target stores throughout Texas.   

  • Report: Centers must consider new dining formats and leasing deals

    Restaurants now dominate retail for 15% of all sales, a point ahead of grocery for the top area of expenditure. Now it’s time for the special conditions of retail leasing to dominate the minds of shopping centers owners and managers, according to CBRE experts.  

  • Strip centers post lowest availability rate in years

    Available space in strip centers dipped to 11% in the second quarter, the lowest rate for these neighborhood venues since 2008. The reason: omnichannel growth and format experimentation, according to CBRE, which tracked availability across 62 U.S. markets.  

  • Analysis: Prime Day really was that good

    Sequels are rarely better than the original, but the second annual Amazon Prime Day may deserve comparisons to “The Godfather Part II” and “The Empire Strikes Back.”  

  • Target in smaller store urban push

    Target Corp. is expanding its portfolio of smaller stores.

    The chain expects to roll out 14 more of its smaller stores this year, including a 21,000-sq.-ft. location in the Queens borough of New York City, which is opening this week, according the New York Post.

  • Brooklyn’s hot, but what about for retail?

    Cushman & Wakefield’s senior director for Brooklyn Joseph Cirone is incredibly bullish on the borough in which he lives and works.    “If you are a tenant in Manhattan with a lease expiring any time in the next 36 months, you need to come and kick the tires in Brooklyn,” Cirone told attendees at a presentation of the company’s mid-year commercial real estate outlook for Manhattan.   

  • As renovations go, this one is particularly challenging

    The multi-million dollar redevelopment of one of Times Square’s  most iconic buildings — the former home of the Toys “R” Us flagship and future home of Gap and Old Navy flagships — is well underway.   
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