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Mass Merchant

  • Report: Walmart emerges as social force

    Walmart CEO Doug McMillon's statement on social media Wednesday asking the state of Arkansas to reject legislation that critics say could allow discrimination against lesbians and gay men is indicative of the retailer's increased role in many social issues, according to the New York Times.

  • Forever 21 continues expansion plan

    Fast casual chain Forever 21 has added men’s, girls and plus collections to 50 more stores as part of its global expansion plan.

    Forever 21+, Forever 21 Men and Forever 21 Girls will now be added to 50 existing U.S. stores in markets such as Chicago, Los Angeles, Miami, Nashville, New Orleans, Orlando, Philadelphia, Pittsburgh, Seattle, Stamford, Conn., and more.

  • Report: Private equity group may acquire Bass Pro Shops stake

    Springfield, Mo. – Los Angeles-based private equity group Leonard Green & Partners is reportedly in talks to acquire a stake in specialty outdoor retailer Bass Pro Shops. According to the Wall Street Journal, Leonard Green may make an offer that would value the privately-held Bass Pro at between $4 billion and $5 billion, including debt.

  • Big Lots targets families with baby brand

    Big Lots is giving consumers a new budget-friendly option when it comes to baby supplies.

    Big Lots has launched a new line called b*loved, which the company says gives customers premium brand baby products with everything moms and dads need to keep babies clean, comfortable and dry, at an affordable price.

    Customers looking for a great value on products ranging from diapers and wipes to baby wash and shampoo can shop Big Lots first with b*loved.

  • Walmart CEO takes firm stance against ‘religious freedom’ bill in Arkansas

    New York – Arkansas native and Walmart president CEO Doug McMillon has taken a firm stance against a “religious freedom” measure passed by the Arkansas House on Tuesday. The bill (HB1228) is similar to the one that has kicked up a firestorm in Indiana.

  • Dick's to give up to $1M to youth golf charity

    Dick's Sporting Goods and Golf Galaxy are teaming up to support an organization that promotes youth participating in golf.

    The retailers said they will be giving as much as $1 million to the First Tee, an organization focused on positive youth development through the game of golf.

  • Sears to raise $2.5 billion in REIT; announces joint venture with General Growth

    Hoffman Estates, Ill. – Sears Holding Corp. is forming a real estate investment trust (REIT) called Seritage Growth Properties, which will purchase 254 Sears and Kmart stores for more than $2.5 billion. Seritage will partially fund the transaction through a public rights offering.

  • Report: Wal-Mart seeks lower supply chain costs, expanded grocery

    New York – Wal-Mart Stores Inc. is reportedly asking suppliers to cut their product costs and also seeking to expand its grocery business. According to the Wall Street Journal, Wal-Mart is recommending that suppliers forego investing in joint marketing programs with the retailer and use that savings to reduce the price Wal-Mart pays for their goods.
     

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