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Retail

  • Marsh Supermarkets earmarks $60 million for new stores and remodels

    New York City -- Marsh Supermarket will spend $60 million to build up to 10 stores and remodel or rebuild several more over the next three years, the Indianapolis Business Journal reported.

    The new stores will average 40,000 sq. ft. to 60,000 sq. ft. with a strong focus on fresh fruits and vegetables and service-oriented components, according to the report.

    Marsh operates of 70 namesake stores and 27 smaller-format Mainstreet Market stores. It is privately held, a portfolio company of private equity firm Sun Capital Partners.

  • Belk to unveil new design at Waynesville Commons

    Waynesville, N.C. -- Shopping center developer CBL & Associates Properties, based in Chattanooga, Tenn., said Friday that it has launched construction on its newest community center project Waynesville Commons, located in Waynesville, N.C.

    The 127,500-sq.-ft. shopping center will be anchored by a new 85,000-sq.-ft. Belk fashion department store, which joins the existing Walmart.

  • Stop & Shop, Unilever donate $150K to Feeding America

    QUINCY, Mass. — Stop & Shop has teamed up with Unilever to support hunger relief efforts of Feeding America and its local member food banks.

    The companies said that they are donating $150,000 to the organization, which will provide more than 1 million meals to families in need.

  • Dunkin’ Donuts looks to expand West

    New York City -- Dunkin' Donuts is looking to expand in the western part of the country. The chain said it is actively seeking franchisees for parts of Colorado, Texas, Nebraska, Oklahoma and New Mexico, regions in which the Dunkin barely has a presence.

    To entice would-be franchisees, the company will offer reduced royalty fees and extra money for local advertising.

  • SymphonyIRI: Brand value, not price, key to driving loyalty

    CHICAGO — SymphonyIRI Group on Thursday released a brand report highlighting what elements help drive brand selection and brand loyalty.

  • Kohl’s delays quarterly filing

    New York City -- Kohl’s said it has notified the U.S. Securities and Exchange Commission that it is delaying filing its second quarter filing as its deals with previously reported errors in its accounting for both store and equipment leases. 

    As a result of these and other less significant accounting corrections, Kohl's expects to record additional property and financing obligations on its balance sheet. The company said it doesn't expect the corrections to have an impact on the net increase or decrease in cash and cash equivalents reported.

  • Men’s Wearhouse Q2 profit up 33%, looks to open 110 stores in next five years

    Houston -- Increased sales across its brands helped drive The Men's Wearhouse’s second-quarter net income up nearly 33%, beating estimates.

    The retailer earned $57.1 million for the fiscal quarter that ended July 30, up from $43 million in the same quarter last year.

    Revenue increased 22% to $655.5 million. Men's Wearhouse said its purchase in 2010 of two British uniform and work-wear companies helped drive business.

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