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Sales & Marketing

  • 7-Eleven completes purchase of 55 Sam's Mart stores

    Dallas -- 7-Eleven said Tuesday it has completed its acquisition of 55 Sam’s Mart stores in the greater Charlotte, N.C., area, part of the c-store operator’s plan to accelerate its growth in the region.

    Terms of the deal have not been disclosed.

  • City Creek Center to open in March

    Salt Lake City -- Bloomfield Hills, Mich.-based Taubman Co. said Tuesday that City Creek Center, a major shopping and dining destination, will open March 22 in Salt Lake City.

    The 700,000-sq.-ft. regional attraction will feature Nordstrom, Macy’s and up to 80 stores and restaurants — one third that are new to the market. The center features a fully retractable skylight roof, a skybridge over Main Street and a host of water features.

  • Supervalu to eliminate 800 positions

    Minneapolis -- Supervalu said Tuesday that will reduce its national work force by approximately 800 positions as part of its long-term turn-around strategy and ongoing efforts to reduce costs. The reductions include both current positions and open jobs that will not be filled.

  • Pantry narrows Q1 loss

    Cary, N.C. -- The Pantry reported Tuesday that it narrowed its loss in the quarter ended Dec. 29 to $2.9 million, from $12.2 million in the year-ago period.

    Total revenue increased to $1.96 billion, beating Wall Street's expected $1.93 billion in revenue.

    Same-store merchandise revenue increased 2% in the quarter.
     

  • Target’s Jason Wu collection a sell-out

    New York City -- Target Corp.’s launch of its latest limited edition collection, by designer Jason Wu, went off relatively problem-free compared with its Missoni launch last fall.

  • Report: Amazon to open store

    New York City -- Amazon plans to open a store in its Seattle hometown to display and sell its growing line of electronic devices, reported Reuters, which cited industry blog Good E-Reader as its source.

    Analysts said Amazon could be inspired by the success of Apple in the retail arena.

  • Container Store to open six stores in 2012

    Dallas  -- The Container Store announced it will open six locations in 2012, making this the largest real estate growth year in the company's history and bringing the company's store count to 59 by year's end. 

    The new stores will be located in Arlington, Texas;  Las Vegas; El Segundo, Calif., Peabody, Mass., and Westbury, N.Y., with a sixth location still being finalized.

  • The Opportunity Big Data Brings to Retailers

    By Jeff Weidauer, [email protected]

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