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Mass Merchant

  • Schostak Brothers & Company hire acquisitions manager

    Livonia, Mich. -- Schostak Brothers & Company announced Steve Black will join its team as acquisitions manager. Black will source, analyze and acquire investment properties for the company’s portfolio, with a focus on growing its Supercenter Walmart shadow anchor footprint.

  • Amazon primes U.K. for grocery delivery

    Amazon.com has been busy expanding its same-day Prime delivery options across the U.S., and now it is hopping the pond.

    Amazon U.K. has launched Amazon Pantry, a nationwide service for Prime members. Amazon Pantry offers more than 4,000 everyday grocery items, including food and drink, household supplies, baby and child care, pet, and health and beauty products.

  • Can Walmart restore sanity to Black Friday?

    Walmart’s Thanksgiving weekend promotional strategy is taking a more digital, less promotional turn that may hurt sales but should lessen the scenes of customer chaos and conflict that find their way onto YouTube.

  • BJ’s plans South Carolina entry

    BJ’s Wholesale Club Inc. is preparing to open its first store in a new state.

    GBT Realty Corporation, a national commercial development company headquartered in Brentwood, Tennessee, is developing the BJ’s Wholesale Club in South Carolina, in the city of Summerville. The $12 million development is situated on a 10.5-acre site. The 87,800-sq. ft. membership warehouse club that will feature a BJ’s gas station is expected to open in late 2016. Construction is set to commence immediately following the acquisition of the site in December.

  • Kohl's surprises in third quarter

    Strong back-to-school sales allowed Kohl's to upstage Macy's in the third quarter.

    Kohl's revenue rose a better-than expected 1.2% to $4.43 billion in the period ended Oct. 31. Same-store sales rose 1%. Earnings fell to $120 million, or 63 cents a share, from $142 million, or 70 cents a share, a year earlier. Excluding a loss on the extinguishment of debt, adjusted per-share earnings were 75 cents a share, which also beat expectations.

  • Regional grocer delivers e-commerce

    Grocery e-commerce has thus far mostly been the province of large vertical players like Kroger, mass merchandisers like Target and Wal-Mart, and online platforms like Amazon and Instacart.

    However, a successful regional grocer is throwing its Stetson in the grocery e-commerce ring. Texas-based H-E-B, one of the nation's largest regional grocery retailers with more than 370 stores in Texas and Mexico, is making 50,000 food, drugstore and general merchandise products available to purchase and ship at its corporate site.

  • Kohl's grows sales, but not by much

    Strong back-to-school sales allowed Kohl's to upstage Macy's in the third quarter.

    Kohl's reported that for the third quarter ended Oct. 31, same store sales increased 1%. It had net income of $120 million, or 63 cents per share, compared with net income of $142 million, or 70 cents per share, in the same period a year before. Revenue rose 1.2% to $4.43 billion.

  • Former P&G exec named to Target board

    Target's board of directors has added a former executive of the retailer's largest supplier.

    The board announced it has elected Melanie Healey, former group president, North America, of the Procter & Gamble Company, as a new director, effective immediately.

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