Mass Merchant

Growth prospects for the food and consumables business at 99 Cents Only just improved considerably following the appointment of a former Walmart EVP of merchandising to a key role.

City of Commerce, Calif. - 99 Cents Only Stores LLC has named Jack L. Sinclair as chief merchandising officer. Sinclair will be responsible for merchandising and marketing functions.

Atlanta -- A sizeable number of businesses won’t meet the EMV transition deadline, according to a survey by Randstad Technologies.

A month after the launch of the Apple watch, Best Buy will become the first national retailer to stock the new wearable.

The watch will be available in more than 100 Best Buy stores and on BestBuy.com. By the time holiday season arrives, an additional 200 stores will feature the watch.

“The Apple Watch is a big addition to our stores and website, and we know our customers want it,” said Jason Bonfig, senior category officer at Best Buy. “We are excited to bring the Apple Watch to more consumers, especially with the holidays coming up.”

New York -- A survey released Monday is in line with other reports that consumers do not plan to spend more this year on back-to-school supplies than they did last year. The survey also lists the 10 most popular retail brands for back-to-school purchases.

Target ranks as the most popular retail brand for back-to-school purchases, just ahead of Walmart, in the 21st annual Back-to-School survey by Brand Keys, the New York-based brand loyalty and emotional engagement research consultancy. Macy’s, CVS and Best Buy round out the top five.

New York -- He very well may be the oldest employee in the United States. And Walmart has him.

Minneapolis – Target Corp. is reportedly planning to expand upon existing solar plans for its North Carolina store base. According to the Charlotte Business Journal, Target has added eight stores to the existing 19 stores in the state it plans to equip with rooftop solar panels.

Seattle – Last month Facebook overtook Wal-Mart in valuation, and now another digital giant has reportedly achieved the same feat. According to the Associated Press, after intense after-hours trading, which followed Amazon’s rare report of a second quarter fiscal 2015 profit, Amazon now has market capitalization of about $264 billion.