Skip to main content

Mass Merchant

  • Walmart to exit Walmart Express pilot as part of global 269-store closings

    Walmart said it will close 269 stores worldwide this year, including many of its smallest-format stores, in a move that CEO Doug McMillon characterized as being more disciplined about growth. It is one of the largest number of stores closures that Walmart has ever announced at one time.

  • NRF: Holiday sales fall short of forecast

    The National Retail Federation confirmed what many retailers already knew and made a downward revision to a holiday forecast that initially called for 3.7% growth.

    Citing what it called “unforeseen events,” the National Retail Federation (NRF) said sales during November and December increased 3% to $626 billion, down from an earlier forecast which envisioned growth of 3.7%.

  • Vestar hires director of due diligence

    Phoenix – Vestar announced the addition of Bradley Parks, director of due diligence to its team. Parks will be responsible for overseeing all due diligence activities for Vestar’s shopping center acquisition opportunities.

    Over the past three years Vestar has completed over $1 billion in acquisitions throughout the western U.S. and was recently recognized as the 4th largest acquirer of shopping centers in the United States.

  • Walmart closing unprecedented number of stores

    Walmart said it will close 269 stores worldwide this year, including many of its smallest stores, in an unprecedented move CEO Doug McMillon characterized as being more disciplined about growth.

  • Costco stuns shoppers with in-store 4K TV network

    Costco hopes to sell more high-definition televisions and merchandise in clubs after going live with its revamped Costco TV Network.

    The warehouse club leader deployed 4K technology to its existing in-warehouse TV network in a move designed to boost sales of televisions and help brands who use the network’s promotional capabilities better connect with shoppers. Powered by PRN, a division of Stratacache and longtime Costco partner, the TV network is in all 487 of the retailer’s U.S. clubs.

  • Toys ‘R’ Us raises more than $5.8 million for tots

    Toys “R” Us says its annual nationwide fundraising campaign to benefit the Marine Toys for Tots Foundation raised more than $5.8 million and collected over 200,000 toys.

    During the 2015 campaign, customers helped bring holiday joy to some of the 15.5 million kids in need across the U.S. by donating new, unwrapped toys at Toys “R” Us and Babies “R” Us stores nationwide and through monetary contributions made in stores and online at Toysrus.com/ToysforTots.

  • Costco stuns shoppers with 4K marketing solution

    Costco hopes to sell more high-definition televisions and merchandise in clubs after going live with its revamped Costco TV Network.

    The warehouse club leader deployed 4K technology to its existing in-warehouse TV network in a move designed to boost sales of televisions and help brands who use the network’s promotional capabilities better connect with shoppers. Powered by PRN, a division of Stratacache and longtime Costco partner, the TV network is in all 487 of the retailer’s U.S. clubs.

  • Not-so-big Q4 for Big 5 Sporting Goods

    Big 5 Sporting Goods had a lackluster fourth quarter despite saying that cold weather in its Western markets drove strong traffic during the holidays.

    For the fourth quarter ended Jan. 3, the company reported that net sales were $275 million, compared to net sales of $250.3 million for the 13-week fourth quarter of fiscal 2014. Same-store sales increased 0.1%. For the full year, net sales were $1.03 billion, compared to net sales of $977.9 million for the 52-week fiscal 2014 full year. Same store sales increased 1.3% for the fiscal 2015 full year.

X
This ad will auto-close in 10 seconds