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Mass Merchant

  • Giant and Martin’s Food Stores to raise wages

    Carlisle, Pa. -- Giant Food Stores and Martin’s Food Markets said they will begin paying all non-union workers a minimum of $9 a hour beginning in June.

    The operator of 200 stores in Pennsylvania, Maryland, Virginia and West Virginia said the move was part of the company’s commitment to provide competitive wages.

    "Our associates are the foundation of our success, and we have always believed in paying competitive wages to attract the best talent," said Tom Lenkevich, Giant/Martin’s president.

  • Babies are ‘biggest winner’ from Kmart effort

    Kmart is taking its long-running affiliation with March of Dimes to a new level this year with the help of America’s fiercest fitness expert.

  • Report: Target close to breach settlement with MasterCard

    Minneapolis – Target Corp. is reportedly nearing a $20 million settlement with MasterCard to cover costs related to the retailer’s 2013 data breach. According to the Wall Street Journal, the settlement would pay for the cost of reissuing payment cards and some fraud that resulted from improper use of consumer data.

    Sources indicate Target and MasterCard have been negotiating for months. TJX paid a similar sum to MasterCard to settle costs from a 2008 data breach.
     

  • Jet adds new e-commerce enablement partner

    Membership-based online retailer Jet is partnering with QVC parent company Liberty Interactive’s marketing and virtual inventory solutions provider CommerceHub to help retailers and brand capitalize on the soon-to-launch Jet e-commerce platform.

  • PREIT and Macerich seek to redevelop, rebrand The Gallery in Philadelphia

    Philadelphia -- Pennsylvania Real Estate Investment Trust and The Macerich Company announced that they have reached a tentative agreement with the City of Philadelphia on a redevelopment and re-branding of the Gallery shopping mall and transit center in the heart of Center City.

  • Smart & Final underwrites offering of 10 million shares

    Commerce, Calif. - Smart & Final Stores Inc. is pricing an underwritten public offering of 10 million shares of its common stock at $18.50 per share. The shares are owned by certain stockholders of the company, including affiliates of Ares Management L.P.

  • Another retailer matches Walmart wages

    Pennsylvania-based food retailers Giant and Martin’s Food Stores said they will begin paying all non-union workers a minimum of $9 a hour beginning in June.

    The operator of 200 stores in Pennsylvania, Maryland, Virginia and West Virginia said the move was part of the company’s commitment to provide competitive wages.

    "Our associates are the foundation of our success, and we have always believed in paying competitive wages to attract the best talent," said Tom Lenkevich, Giant/Martin’s president.

  • Heslin Holdings acquires West Central Plaza; redevelopment on tap

    Albuquerque, N.M. -- Heslin Holdings, Inc. announced the acquisition of West Central Plaza Shopping Center, a retail property located in Albuquerque, New Mexico. The firm plans to invest more than $12 million -- for both the acquisition and to redevelop and re-tenant the property -- as part of a value-add investment strategy.
     

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