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Supply Chain & Merchandising

  • Walmart tests new c-store format, Walmart To Go

    New York -- Wal-Mart Stores is testing a new convenience-store concept called “Walmart To Go,” with the initial location in the chain’s hometown of Bentonville, Ark.

    The new store offers convenience store products, prepared foods and gasoline. At approximately 2,500 sq. ft., Walmart To Go is much smaller than the company’s other small-format concept, Walmart Express, which averages about 15,000 sq. ft.

    Walmart also has a grocery delivery service with a similar name, WalmartToGo.com, in two markets.

  • Lucky number 1,300 for Tractor Supply

    Tractor Supply Company is opening its 1,300th store March 29. The store, which will be located in Bullhead City, Ariz., is part of the company’s plan to operate a total of 2,100 domestic store locations.

  • RMC named to lease Shoppes at Glen Lakes in Weeki Wachee, Fla.

    Tampa, Fla. — Global Realty and Management has appointed RMC Property Group the exclusive leasing agent for its Shoppes at Glen Lakes, a 66,600-sq.-ft. retail shopping center located on U.S. 19 in Weeki Wachee, Fla.

  • Maurices opening 60 stores in 2014

    Duluth, Minn. -- Ascena Retail Group, parent to the Maurices, DressBarn and Lane Bryant banners, announced the 900th Maurices store opening. The Fresno, Calif., store will officially open later this month, joining 899 other stores in the U.S. and Canada.

    Maurices will open 60 new stores by the end of its fiscal year in July 2014. In addition to new store openings, Maurices is remodeling or expanding 80 stores this year.  

    The company's long-term goal is to reach over 1,200 stores domestically and 100 stores in Canada.

  • Simon taps JLL to lease one million square feet

    Chicago — Simon Property Group has awarded the leasing assignment for a trio of shopping centers totaling more than one million sq. ft. to JLL. Each is located at prime intersections in the southern suburbs of Chicago. They include:

    • Country Side Plaza in Countryside, Ill. Anchored by Home Depot and Value City Furniture, the 400,000-sq.-ft. center has junio anchor and small shop space available.

  • Toys’R’Us outlines TRU Transformation strategy

    Following a disappointing fourth quarter and fiscal year ended Feb. 1, Toys “R” Us hosted investors, industry analysts and the media and outlined its strategy for improving its operational performance and driving profitable growth in the future.

  • Toys ‘R’ Us posts Q4 loss; store updates part of new ‘transformation’ strategy

    New York -- Coming off a disappointing 2013, Toys “R” Us unveiled a strategic plan to position the company for profitable growth in the future. The plan includes improving its in-store and online shopping experience, simplifying promotions, cutting costs, more disciplined inventory management, and more omni-channel integration with stores. Significantly, it not include closing stores apart from those involving standard lease expirations, top company executives said during a media presentation on Tuesday at the chain’s flagship in Times Square.

  • Francesca’s sees Q4 profit, comps slip; 85 stores on tap for 2014

    Houston -- While 91 new stores boosted sales for the final fiscal quarter and year-end, Francesca’s Holdings Corp. saw net income for the 13-week period ended Feb. 1 slide to $10.6 million, from $14.9 million last year.

    Same-store sales fell 6%, swinging from a 10% increase in the prior year quarter. Revenue surged to $92.1 million from $86.7 million, helped by 91 new boutique openings since the prior year quarter.  Five of the 91 opened during the fourth quarter.

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