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Mass Merchant

  • Tuesday Morning starts hunt for new CFO

    Dallas – Executive shuffling continues at off-price retailer Tuesday Morning Corp, which is now searching for a new CFO.

    The company announced that Jeffrey N. Boyer, executive VP, chief administrative officer and CFO, has resigned his position effective July 22. Boyer, 57, will assume the role of executive VP and CFO at Pier 1 Imports Inc. on July 27.

  • Bon-Ton selling stores to help pay off loan

    The Bon-Ton Stores is looking to help pay off a $105 million mortgage on 12 properties with a new deal.

    The retailer announced it will sell six properties to CPA:17-Global, a real estate investment trust of W.P. Carey, and lease them back. The deal will generate $84 million for Bon-Ton.

  • Walmart piloting product content system for suppliers — and customers

    New York -- Walmart wants to keep customers better connected with supplier information.

    The discounter on Monday unveiled a pilot program called the Product Content Collection System (PCCS), which is designed to provide rich, descriptive data about Walmart products from all suppliers and manufacturers, while providing the most accurate, up-to-date, and comprehensive product information to customers. Walmart introduced the new venture on the blog of its Silicon Valley-based, technology laboratory, WalmartLabs.

  • Save Mart synonymous with Sonoma Raceway

    Save Mart Supermarkets is revving up its marketing efforts with a multi-year agreement to co- sponsor the annual NASCAR Sprint Cup Series race at Sonoma Raceway.

    Save Mart Supermarkets’ status as either title or co-title sponsor of the annual Cup event in Sonoma is one of the longest runs in all of NASCAR Cup racing. The new agreement is for five years, extending through 2020. First partnering with the raceway in 1992, Save Mart will celebrate its 25thanniversary as a race sponsor in Sonoma in 2016.

  • Staples Canada progresses in Q1 sustainability

    Toronto - Staples Canada has released its 2015 recycling objectives and first quarter update. Highlights include a plan to collect three million ink cartridges and 4,000,000 kg of electronics in 2015.

    Staples Canada partners with Call2Recycle to collect and recycle batteries (rechargeable and alkaline) in every Staples store. In the first quarter, 37,111 kg of batteries were collected, an increase of 22.5% from the same quarter a year earlier. The retailer has set a goal of collecting 125,000 kg of batteries in 2015.

  • Consumers — especially millennials — will pay for loyalty programs

    Cincinnati -- Consumers, especially millennials, are willing to ante up for fee-based loyalty programs.

    In a survey by LoyaltyOne, 62% of respondents said they’d consider joining a fee-based rewards program if their favorite retailer offered one. The number was even higher among millennials with 75% of 18-24 year-olds and 77% of 25-34 year-olds saying they’d consider joining a fee-based rewards program.

  • Canadian Tire rallies around the flag with omnichannel campaign

    Toronto – Canadian Tire Corp. is rallying around a flag that contains no controversy with a new omnichannel promotional campaign. To celebrate the upcoming July 1 Canada Day holiday, Canadian Tire has posted a promotional video on YouTube using the hashtag #FlyYourCdnFlag.

    Canadian Tire is encouraging consumers to post photos and videos on social networks such as Twitter, YouTube and Instagram using the #FlyYourCdnFlag hashtag.

  • Target vet joining Rite Aid’s executive ranks

    Camp Hill, Pa. -- A veteran Target executive is joining Rite Aid.

    The drugstore chain on Monday announced that Bryan Everett is joining Rite Aid as executive VP store operations, effective Aug. 3. He will be responsible for all operations at the company’s nearly 4,600 chainwide stores and will report to Rite Aid president and COO Ken Martindale.

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