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Supply Chain & Merchandising

  • Baker Katz acquires Four Corners Shopping Center

    Tomball, Texas -- Houston-based commercial real estate brokerage Baker Katz said it has acquired the Four Corners Shopping Center in Tomball, Texas.

    Baker Katz purchased the 120,000-sq.-ft. center through an investment fund dedicated to real estate development, acquisition and ownership. The center holds the last remaining big-box vacancy in Tomball, a 45,000-sq.-ft. former Kroger space. Baker Katz plans to begin a major renovation on the center later this year and will look to re-lease the space.

  • Mrs. Green's officially confirms purchase of A&P Superfresh stores

    SCARSDALE, N.Y. — Natural food retailer Mrs. Green's Natural Market confirmed its acquisition of seven Superfresh grocery locations in Maryland and one Superfresh location in Washington, D.C., from the Great Atlantic and Pacific Tea Co.

  • Jones Lang LaSalle names retail exec

    Honolulu, Hawaii -- Jones Lang LaSalle announced Thursday it has named commercial real estate veteran Kirk Horiuchi as senior VP in its Retail Division.

    In this newly created position, Horiuchi will oversee the company’s leased and managed portfolio, and will be tasked with growing the firm’s third-party retail business in Hawaii.

  • Gilt Groupe names president of home business

    NEW YORK — Gilt Groupe announced that it has named Jason Goldberger as general manager of Gilt Home. In this role, Goldberger will be responsible for overseeing all aspects of the home business, including business strategy, merchandise and site development. Goldberger will report to Susan Lyne, chairman of Gilt Groupe.

  • Wal-Mart accelerating growth of Walmart Market

    New York City -- Wal-Mart Stores is ramping up the opening of its mid-sized Neighborhood Market format, which is being renamed Walmart Market, said  Bill Simon, president and CEO, Walmart U.S., on Wednesday at the William Blair & Co. Growth Stock Conference in Chicago.

    The Market stores, which average around 42,000 sq. ft., are delivering returns on the same level as supercenters, Simon said, and can be approved and built in less time.

  • Tuesday Morning lowers guidance after disappointing June start

    DALLAS — Tuesday Morning has revised its fiscal year guidance and now expects total net sales to be in the range of $820 million to $830 million and comparable-store sales to be slightly negative for the full year of fiscal 2011. Diluted earnings, based on these sales results, are now expected to be approximately 25 cents to 30 cents per share for fiscal 2011, the company.

  • Staples gets optimized for smartphones

    FRAMINGHAM, Mass. — Staples announced that it has launched a mobile version of its website. The M.Staples.com mobile site is optimized for smartphones and features enhanced product ratings and reviews, one click to an ink and toner finder, a Staples retail store locator with automatic GPS, store inventory lookup and enhanced on-site search, including an auto-suggest feature, the company reported. 

    Staples' new mobile website also allows users to share product reviews and become a fan of Staples on Facebook, or follow Staples on Twitter.

  • Carphone loss widens for Best Buy U.K. joint venture

    London -- U.K. mobile phone retailer Carphone Warehouse Group PLC reported Tuesday that its loss for its Best Buy U.K. joint venture widened to $102 million in the year to March 31, compared with a loss of $34 million in the prior year. CEO Roger Taylor has warned analysts to expect further losses of between $82 million and $98 million this year.

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