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Mass Merchant

  • Walmart exec assumes COO spot at Brookdale

    The top executive over Health and Wellness of Walmart's U.S. division is leaving to join Brookdale Senior Living as its COO.

    Labeed Diab will have responsibility for all aspects of Brookdale’s operations, including community and field operations, marketing and sales.

  • PwC: Retail mergers & acquisition activity hits $1 billion

    Mega deals worth more than $1 billion drove the U.S. retail and consumer sector’s strong third quarter, according to PwC’s U.S. quarterly R&C Deals Insights report.

    During the three-month period ending Sept. 30, 36 deals valued over $50 million were announced for the sector, with deal value up 64% in the third quarter, accounting for $46.6 billion, compared to $28.4 billion in the second quarter. Deal volume went up 6% from the second quarter, but down 36% from third quarter 2014.

  • Target, Neiman Marcus and Jet.com among Shoptalk headliners

    More than 100 senior retail executives are already confirmed as speakers for a first-of-its-kind event called Shoptalk that will be held next May with a focus on next generation commerce.

    Organizers of the event have confirmed speaker participants including Jason Goldberger, president of Target.com and mobile; Casey Carl, Target chief strategy and innovation officer; Joe Megibow, chief digital officer at American Eagle Outfitters; John Koryl, president of Neiman Marcus stores and online and Andrea Wasserman, senior VP and head of direct-to-consumer at Nine West Group.

  • 99 Cents Only Stores has a new CFO

    99 Cents Only Stores has appointed a new CFO who has been a veteran retail leader for Kroger and Albertsons.

  • A new dollar store brand is born

    A private equity group better known for investing in established companies is creating a new dollar store brand after acquiring 330 Family Dollar stores from Dollar Tree.

    Dollar Tree acquired Family Dollar earlier this year and to satisfy federal regulators, the company agreed to divest 330 Family Dollar stores. The acquiring company is a newly created portfolio company of the private equity firm Sycamore Partners called Dollar Express.

  • New leases bring Feil's Nassau Mall & Kohl's Plaza to full occupancy

    New York -- The Feil Organization announced the completion of Nassau Mall and Kohl's Plaza complex renovation in Levittown, New York. The renovation consisted of a new façade and re-tenanting the centers, which resulted in four new leases totaling approximately 11,000 sq. ft. and 100% occupancy at both centers.

  • Report: Another retailer powers up same-day delivery

    A major national retailer is the latest chain to start offering same-day delivery in a large metropolitan area.

    According to Re/code, Best Buy is partnering with third-party delivery service Deliv to offer customers in the San Francisco area, including San Jose, same-day delivery of online orders. The official rollout follows a recent pilot of the service Best Buy conducted with Deliv in the greater San Francisco area.

  • Kmart re-imagines Bluelight Special for digital age

    Photo: Courtesy of Kmart/Wendy Williams poses during recent a Wendy Williams Show taping at Kmart where the retailer announced the Bluelight Specials are back.

    Kmart is hoping that bringing back a 50-year-old marketing strategy will ignite a new sales push online and in stores.

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