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Supermarket/Grocery

  • Blue Moon Apparel to open at Auburn Village

    Auburn, Calif. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Auburn, Calif., at Auburn Village to Blue Moon Apparel.

    Opening its third women’s apparel location, Blue Moon Apparel has leased 1,400 sq. ft. of space and will open in June.

    The 134,000-sq.-ft. shopping center is anchored by Bel Air grocery store alongside national retailers such as CVS/pharmacy, Dollar Tree and Subway.
     

  • Wal-Mart Q1 earnings rise on overseas strength, U.S. still slumping

    Bentonville, Ark. -- Wal-Mart Stores reported Tuesday that net income for the first quarter ended April 30 rose 3% to $3.39 billion, beating Wall Street estimates. Overall results were powered by overseas stores and stringent cost controls, but business in the United States remains soft as U.S. Walmart stores posted an eighth straight quarter of same-store declines.

    Wal-Mart's U.S. division recorded a 0.3% dip in same-store revenue, dragged down by a 1.1% drop at its namesake stores. Same-store sales increased 4.2% at Sam’s Club warehouse stores.

  • Report: Wal-Mart and Massmart may end talks

    New York City -- Wal-Mart Stores may give up its quest to buy a controlling stake in South Africa’s Massmart Holdings Ltd., if South Africa forces local procurement conditions on the retailers, the companies said, the Associated Press reported.

  • By George, Asda looking to franchise apparel brand overseas

    LONDON — Wal-Mart Stores' Asda division Asda confirmed that it was exploring opportunities to franchise its George at Asda range in markets overseas.

    The company expects to announce its first overseas franchising partner in the next few months with the intention of establishing a small number of pilot stores in the Middle East in the first half of 2012.

    George currently accounts for around half of Asda’s general merchandise sales and is already a growing global brand through Walmart stores in seven countries worldwide, the company reported.

  • Kroger CEO pay falls for third consecutive year

    Cincinnati -- Kroger Co. CEO and chairman David Dillon saw his pay fell again as the chain's sales and profit growth fell below tough targets amid continuing economic instability.

    An Associated Press analysis shows Dillon received compensation for 2011 valued at $5.4 million, down 19% from 2009. It is the third straight year in which Dillon's largely performance-based pay fell.

    The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
     

  • Amazon.com tops in online customer satisfaction

    Ann Arbor, Mich. -- Amazon.com was the top performer in a review of the Top 100 online retailers by ForeSee Results. The annual report, Top 100 E-Retail Satisfaction Index, includes individual satisfaction scores with the 100 top e-retailers for the past seven years, allowing for comparisons over time and between companies.

  • Two new tenants lease retail space at Suncoast Crossing

    Brooksville, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to two new tenants in Brooksville, Fla., at Suncoast Crossing.

    Sprint has leased 1,750 sq. ft., and Gia’s Cakes & Goodies has leased 1,400 sq. ft.

    Both are slated to open this summer.

    The 260,000-sq.-ft. shopping center is anchored by a 142,000-sq.-ft. Target and a 98,000-sq.-ft. Kohl’s alongside national retailers such as Supercuts and McDonald’s.
     

  • Office Depot gives aid to tornado-affected families and businesses

    BOCA RATON, Fla. — Office Depot's charitable arm, The Office Depot Foundation, announced donations to help families and small businesses affected by the recent tornadoes in Alabama and the Southeastern United States.

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