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Mass Merchant

  • Report: Troubled American Dream center finally taking shape

    After a false start and years of delays, American Dream Meadowlands, the sprawling retail/ entertainment mega center planned for East Rutherford, New Jersey, is finally taking shape under the reins of new owners Triple Five Corp.

  • Smart & Final to buy 28 stores from Haggen

    The bankrupt Haggen supermarket chain is following through on its promise to unload some of its California locations as the company looks to refocus its operations on 37 stores in the Pacific Northwest.

  • Sam’s Club makes major strategy, personnel moves

    Sam’s Club made some expansive personnel and strategy changes focused on merchandising on the same day that Walmart announced job cuts at its home office in Bentonville, Arkansas.

    In a memo sent to Sam’s Club employees on Friday, Sam’s Club CEO Rosalind Brewer said the company “has been conducting an in-depth analysis of its business to map out a winning path for the future of Sam’s Club.”

    The four key elements to the new strategy include:

  • Ross Dress for Less has big plans Oct. 10

    Whatever you have planned for Saturday, Oct. 10, specialty apparel retailer Ross Dress for Less will probably be busier.

    The Ross Stores Inc. banner is opening six new stores, including three in a new market, as well as relocating a store.

  • Meijer finds a prescription for growth with new president

    Midwestern discounter Meijer is looking to a former store pharmacist who worked his way up in the company to take over the reins as president.

    The company announced that Rick Keyes has been appointed as president of the Grand Rapids, Mich.-based retailer. Keyes, who joined the company 26 years ago as a pharmacist in Columbus, Ohio, takes the reigns of the multi-state Midwestern retailer after this week's announcement that J.K. Symancyk is leaving the company to join a Texas-based retailer.

  • Another retailer offers big holiday layaway incentives

    GameStop has joined a growing list of retailers offering a new incentive for a vast segment of consumers to start thinking about holiday shopping: a comprehensive layaway program.

    The company has joined Kmart, Walmart and other retailers in launching an enhanced layaway program in the past few weeks designed to help shoppers access the hottest gifts of the season.

  • John Lewis, Birmingham, United Kingdom

    British retailer John Lewis has opened one of its largest department stores ever, in the just-opened Grand Central shopping center in Birmingham.

    The four-level, 250,000-sq.-ft. department store has a strikingly contemporary design and features several new services and concepts, including a new fashion and lifestyle department, loved&found, and the first John Lewis-branded spa, &Beauty. There is also a market stall-styled food offering, The Place to Eat.

  • Fort Howard Square acquired for approximately $11.5 million

    Rincon, Ga. -- Wheeler Real Estate Investment Trust, Inc. announced the acquisition of Fort Howard Square in Rincon, Georgia, for a purchase price of approximately $11.5 million, using a combination of cash and debt to pay for the property.

    The center is 95% leased and anchored by Lowe’s and Walmart Supercenter.

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