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Mass Merchant

  • Another retailer enters Prime Day battlefield

    Walmart is not the only big-name retailer preparing a July 12 online sales extravaganza.   Toys “R” Us is launching an online discount event so simple even a child could take advantage of it. All day Tuesday, July 12, shoppers on the Toys “R” Us and Babies “R” Us e-commerce sites can receive 15% off regular-priced items. There will also be more than 50,000 toys and baby products on sale sitewide.  

  • Off-price retailer continues to expand

    Nordstrom remains in expansion mode with its Nordstrom Rack division.   A 26,000-sq. ft. Nordstrom Rack is scheduled to open in spring 2017, at CityPlace, a 100-acre, master-planned development in Woodbury, Minn.   The property is owned and managed by Elion Partners, a Florida-based real estate investment firm.     

  • Tech Bytes: Walmart Pay is Rolled Out – Now What?

    Customers at all of Walmart’s 4,600-plus U.S. stores can now use the Walmart Pay digital payment service.   This is an impressive feat, especially considering Walmart Pay was only announced in December 2015 and didn’t start undergoing official rollout until May 2016. While everyone agrees Walmart Pay reaching full implementation is a big deal, there is less agreement on how this will affect the digital payment landscape.  

  • Walmart Pay is Rolled Out – Now What?

    Customers at all of Walmart’s 4,600-plus U.S. stores can now use the Walmart Pay digital payment service.  

  • Kids rule at Target

    Target Corp. is tapping into its consumer base, including kids, to stay on an upward trajectory.

  • Employee woes for Wal-Mart in China

    Wal-Mart Stores is being challenged with employee protests and unofficial strikes by its employees in China.

  • Brookfield finalizes Rouse acquisition

    Brookfield Asset Management announced the completion of its deal to acquire Rouse Properties at a price of $18.25 per share.   Rouse will be merged with Brookfield’s BSREP II Retailing Pool LLC affiliate and the acquired company’s stock will be delisted from the New York Stock Exchange.  

  • Gap gets some good news — finally

    The month of June brought a welcome bit of news for beleaguered Gap Inc.   The company reported that net sales for the five-week period ended July 2, 2016 increased 2% to $1.57 billion.   “We are pleased to see better performance across the portfolio this month, partly driven by an improvement in June traffic trends, particularly at Old Navy,” said Sabrina Simmons, CFO, Gap Inc.  
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