Mass Merchant

American Dream has added more fire power to its retail lineup.

The Triple Five Group of Companies, the developer of the long-delayed retail and entertainment mega-center in East Rutherford, New Jersey, on Monday announced the names of 10 new retail tenants who will be setting up shop there. These include: Aritzia, Banana Republic, Gap, Lululemon, Mac, Microsoft, Pink, Uniqlo, Victoria's Secret and Zara.

Dallas, Ga. -- Marcus & Millichap announced the sale of a 17,930-sq. ft. CVS Strip Center in Dallas, Georgia, for $4.2 million. The property is 70% anchored by CVS Health with a 15-year corporate-guaranteed double-net lease.

Nine large U.S. companies on Wednesday committed themselves to achieving a major sustainability goal — and three of them are retailers.

Walmart, Starbucks and Nike are among the firms joining RE100, a global initiative led by The Climate Group to engage, support and showcase influential businesses committed to 100% renewable electricity. Other firms joining the campaign include Goldman Sachs, Johnson & Johnson, Procter & Gamble, Salesforce, Steelcase, Voya Financial.

Former Save-A-Lot CFO Rob Anderson has joined PetSmart as CFO.

Anderson assumes his new role at the nation’s largest pet specialty retailer on Oct. 5 amid rumors that PetSmart and Petco are exploring a merger. Anderson is a veteran financial executive who most recently served as CFO of the $4.8 billion discount grocery chain Save-A-Lot.

All manner of store operational processes will soon be under review at Target following the appointment of a new executive whose role is to simplify, optimize and make the retailer more agile.

 Discount retailer 99 Cents Only Stores has come up with an odd new promotion to celebrate those who are becoming, “official 99ers.”
 
The company is known for offering door buster 99 cent specials on limited quantities at store grand openings and its latest promotion is also designed to capitalize on the 99 connection by featuring those turning 99 in direct mail ads.
 

Holiday sales will increase between 3.5% and 4%, slower than last year’s 5.2% growth, as favorable economic tailwinds are offset by lingering negatives, according to an annual forecast by Deloitte’s Retail and Distribution Practice.

Amazon is using its winning of five Emmys on Sunday at the 67th Annual Emmy Awards to throw its competitors yet another fastball.

The company is reducing the price of its Amazon Prime loyalty program, which includes unlimited free two-day shipping, from $99 per year to $67 for one year. The catch is the deal will only run for 24 hours, between midnight Sept. 25 and ending midnight Sept. 26.