Supermarket/Grocery

BENTONVILLE, Ark. — Wal-Mart Stores announced that it has completed its investment for a 51% stake in South African-based Massmart Holdings Limited for ZAR148 per Massmart ordinary share.

Massmart will continue to trade on the JSE Limited to provide Massmart shareholders with the ability to participate in the growth opportunity of the combined entity.  

Brandon, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space in Brandon, Fla., at Bloomingdale Square to Chipotle Mexican Grill.

Chipotle has leased 2,650 sq. ft., bringing the center to 96% leased. The tenant is slated to open for business in fall 2011.

The 267,736-sq.-ft. shopping center is anchored by a Walmart, Bealls and Publix Super Market alongside national retailers such as Dollar Tree, Hallmark, RadioShack and Bank of America.
 

The most recent Leading National Advertisers annual report from Advertising Age shows Target posted the biggest increased in ad spending in 2010 among conventional retailers. The total amount the company spent increased 12% to $1.508 billion compared with $1.246 billion the prior year. That put the company 18th on the Ad Age list of the nation’s 100 largest advertisers. Only two retailers spent more than Target.

CINCINNATI — Kroger announced that it has named Michael Donnelly SVP merchandising. Donnelly has been president of the company's Ralphs Grocery Company division, based in Los Angeles, Calif., since August 2007.

In his new position, Donnelly will lead all merchandising and procurement for Kroger.  

New York City -- Winn-Dixie Stores has filed suit against Dolgencorp, the parent company of Dollar General. The grocer confirmed that the suit was filed because Dolgencorp “knowingly violates legal, noncompete provisions of Winn-Dixie leases in shopping centers in which both businesses operate,” Winn-Dixie told the Jacksonville Business Journal in an email.

Bentonville, Ark. -- Wal-Mart Stores, announced Monday that the company has completed its investment for a 51% stake in South African-based Massmart Holdings Limited.