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Mass Merchant

  • Christopher & Banks cuts Q3 sales forecast

    Minneapolis - Christopher & Banks Corp. is cutting its sales forecast for the third quarter of fiscal 2014, based on sales trends to date for the quarter. The company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show, as the demand for fashion merchandise exceeded planned inventory levels, as well as due to late receipts associated with the West Coast port disruptions.

  • Target developing pharmacy app

    Target is completely revamping its app, while also working on a new one for pharmacy.

    “We view mobile as the new front door to Target,” says Jason Goldberger, SVP of Target.com and mobile, was quoted as saying in the company’s newsletter, A Bullseye View. “We’re launching a host of significant enhancements and updates to Target’s mobile offerings — making it easier than ever for guests to shop Target.”

  • Ross Dress for Less opens new Kansas store Oct. 11

    Dublin, Calif. - Ross Dress for Less will open a new store in Kansas on Oct. 11. The store is located in Schulman Crossing in Garden City.  

    This new opening is part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 

     

  • Walmart cuts health benefits for part-time associates; increases premium costs

    New York -- Wal-Mart Stores Inc. on Tuesday said it will no longer provide health benefits to part-time associates who work less than 30 hours a week in a move to control its rising healthcare costs. The chain, the nation’s largest private employer, said the decision will impact about 2% of its total U.S. work force.

    The announcement follows similar decisions by Target, Home Depot, Walgreens and Trader Joe’s to cut health insurance benefits for part-time associates.  

  • Walmart launches health insurance education program

    To bring transparency and simplicity to the changing health insurance market, Walmart is working with DirectHealth.com to launch Healthcare Begins Here, an in-store program designed to educate customers on health insurance options.

    DirectHealth.com, an online health insurance comparison site, which is an independent licensed health insurance agency, will provide a resource that brings Walmart customers access to health insurance information and enrollment support.

  • Phillips Edison-ARC Shopping Center REIT buys 11 centers in Q3

    Cincinnati - Phillips Edison–ARC Shopping Center REIT Inc. acquired 11 grocery-anchored shopping centers during third quarter 2014. The company's portfolio now consists of 131 properties located in 27 states and leased to 38 leading grocery store anchors.

    The 11 grocery-anchored shopping centers acquired during the third quarter to date expanded the company's presence in 10 states: California, Colorado, Florida, Georgia, Massachusetts, Michigan, North Carolina, Ohio, South Carolina and Tennessee.

  • Target in same-day curbside pickup pilot with startup Curbside

    Palo Alto, Calif. -- Curbside, a new startup that specializes in same-day pickup from local stores, launched its service on Monday with several retailers on board, including a pilot with Target Corp.

    The new service is currently available in 10 Target stores across the greater San Francisco Bay area, including the retailer’s Metreon and Geary St. locations downtown.  

  • Ross Dress for Less opens new Philadelphia store Oct. 11

    Dublin, Calif. - Ross Dress for Less will open a new store in the Philadelphia area on Oct. 11. The store is located in Pilgrim Gardens in Drexel Hill.  

    This new opening is part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

     

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