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Mass Merchant

  • Ambassador Town Center to launch construction, development over 90% leased

    Lafayette, La. -- Ambassador Town Center, a joint venture between Stirling Properties and CBL and Associates Properties, will launch construction this month in Lafayette, Louisiana, on a 58-acre site at the corner of Ambassador Caffery Parkway and Kaliste Saloom Road.

  • End of the line for Bottom Dollar Food

    It's official: Bottom Dollar Food will close its 66 store locations in the greater Philadelphia and greater Pittsburgh markets by Jan. 15 and retire the banner's operations.

    In November, Delhaize Group — the parent company of Bottom Dollar Food — announced the sale of Bottom Dollar's stores and associated lease liabilities to ALDI Inc., which has expressed an interest in growing its U.S. footprint.

  • Bottom Dollar Food to close all 66 stores

    Salisbury, N.C. - Bottom Dollar Food will close its 66 store locations in the greater Philadelphia and greater Pittsburgh markets by Jan. 15 and retire the banner's operations. Upon the closing of stores, Bottom Dollar Food will offer every associate severance, and eligible associates will be offered career transition services.

  • Nordstrom Rack to open in Lafayette, Louisiana, in 2016

    Seattle -- Nordstrom plans to open a Nordstrom Rack at Ambassador Town Center in Lafayette, Louisiana.

    The 25,000-sq.-ft. store is scheduled to open in spring 2016. The more than 425,000-sq.-ft. Ambassador Town Center is a joint development of Stirling Properties and CBL & Associates Properties.

  • Wet Seal gets $27 million default notice

    Embattled teen retailer Wet Seal Inc. has defaulted on $27 million in senior convertible notes and related costs.

    In a regulatory filing, Wet Seal said the total amount due is equal to $28.8 million, plus costs of collection, attorneys’ fees and disbursements.

  • Starbucks, Walmart, Kroger execs make NRF's 'List of People Shaping Retail's Future'

    Washington, D.C. -- Adam Brothman,  chief digital officer of Starbucks, Melissa Reiff, president and COO of The Container Store, Rick Caruso, founder and CEO of Caruso Affiliated, and Greg Buzek, co-founder of the Retail Orphan Initiative (RetailROI) and president of IHL Goup are among the 25 individuals recognized by the NRF Foundation on its “The List of People Shaping Retail’s Future.”

  • Epicor completes acquisition of ShopVisible

    Austin, Texas -- Epicor Software Corporation announced that it has completed its acquisition of privately held ShopVisible, a provider of cloud retail order management and digital commerce solutions.

  • Wet Seal gets $27 million default notice

    Embattled teen retailer Wet Seal Inc. has defaulted on $27 million in senior convertible notes and related costs.

    In a regulatory filing, Wet Seal said the total amount due is equal to $28.8 million, plus costs of collection, attorneys’ fees and disbursements.

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