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Mass Merchant

  • Target co-founder Bruce Dayton dies

    Bruce Dayton, the father of Minnesota's governor and a key figure, along with his four brothers, in building the massive retailing business that became Target Corp., has died. Dayton, 97 and the last of the brothers to die, also launched the B. Dalton bookstore chain in 1966, the Star Tribune reported. [Star Tribune]

  • 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.

  • Healey named to Target's board of directors

    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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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