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Mass Merchant

  • Walmart launches ‘Women Owned’ logo in stores and online

    Bentonville, Ark. -- Shoppers interested in purchasing products from women-owned companies will find it easier to do so at Walmart with the introduction of a new logo and related promotional effort. The new initiative launched March 11 will see a unique logo featured on retail packaging of products from women-owned businesses, available both in-store and online.

  • Sheetz to open 30 units in 2015 as convenience store channel continues to expand

    Alexandria, Va. -- The ranks of the nation’s convenience stores continue to grow, increasing to 152,794 stores at year end, up nearly 1% from the year prior, according to the 2015 NACS/Nielsen Convenience Industry Store Count. And 2015 is expected to be another busy year: Pennsylvania-based Sheetz plans to open 30 locations in 2015. The chain, which recently opened its 500th location, has said it now sees the potential to double in size.

  • Report: Target lays off 1,700; to cut 1,400 positions

    Minneapolis – Target Corp. laid off 1,700 mostly headquarters employees on Tuesday and is eliminating 1,400 open positions. According to the Minneapolis/St. Paul Business Journal, Target notified employees of the workforce reduction in an email.

    The cuts are part of a two-year, $2 billion corporate restructuring. Roughly 13% of the jobs in Target’s Minneapolis workforce will be eliminated, the report noted.

  • Simon eyes Macerich for potential acquisition

    Indianapolis -- Simon Property Group has put out feelers to acquire The Macerich Company, confirmed by a letter from Simon chairman and CEO David Simon to Arthur Coppola, chairman and CEO of Macerich.  

    Macerich has not responded to the offer, although the letter from Simon references prior discussions that include a proposal by Simon to acquire all of the outstanding stock of Macerich for $91.00 per share in cash and Simon shares. The total value of the proposed transaction is approximately $22.4 billion.
     

  • Women-owned logo arrives on Walmart shelves

    Shoppers interested in purchasing products from women-owned companies will find it easier to do so at Walmart with the introduction of a new logo and related promotional effort.

  • Ross Stores opening 90 stores in 2015

    Dublin, Calif. -- Ross Stores recently opened 32 Ross Dress for Less stores and five dd’s Discounts locations across 15 different states. The openings are part of the off-price retailer’s 2015 expansion plans to open a total of approximately 90 stores in 2015 (70 Ross and 20 dd’s Discounts).

  • Study: Worldwide mobile POS shipments boom

    Franklin, Tenn. - Worldwide mobile POS shipments grew by 77.4% in 2014 and this growth rate is maintaining its pace in 2015. According to new research from IHL Group, specialty stores still dominate the use of mobile POS worldwide, receiving 58% of total shipments in 2014.

  • REI opens at Mansell Crossing

    Alpharetta, Ga. --  Brixmor Property Group announced the opening of a 24,000-sq.-ft. REI at Mansell Crossing in Alpharetta, Georgia.  This is the fifth Atlanta-area location for the national outdoor retailer.

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