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  • Dillard’s to open Internet distribution center

    Maumelle, Ark. -- Dillard’s announced it will locate an Internet fulfillment center in Maumelle, Ark., to support the continuing growth of its online business. The company has signed an agreement to purchase the former Target distribution facility and will create over 300 new jobs in the Central Arkansas area.

  • Report: Supervalu having trouble finding buyer for Shaw’s

    New York - Supervalu is having difficulty divesting its New-England-based Shaw’s chain for more than $1 billion, the Wall Street Journal reported Tuesday, and the Minnesota grocery conglomerate may be ready to take down its "for-sale" sign.

    According to the report, Shaw’s has been on the block for several months with no takers. Many bids from private-equity firms actually came in below the asking price.

  • Report: Shaw's may be pulled from sale block

    MINNEAPOLIS — Supervalu is having difficulty divesting its New-England based Shaw’s chain for more than $1 billion, the Wall Street Journal reported Tuesday, and the Minnesota grocery conglomerate may be ready to take down its "for-sale" sign.

    According to the report, Shaw’s has been on the block for several months with no takers. Many bids from private-equity firms actually came in below the asking price.

  • Office Depot to sell Japan business

    BOCA RATON, Fla. - Office Depot announced that it has entered into an agreement to sell its Office Depot Japan business to Kakuyasu. The transaction also includes an agreement for Kakuyasu to license Office Depot’s trade names, obtain sourcing services and continue to support Office Depot’s global customers in Japan. Kakuyasu is one of the fastest growing and leading multi-channel businesses in Japan with FY 2009 sales of $775 million.

    Office Depot Japan was established in 1996 and is a wholly owned subsidiary of Office Depot Inc. 

  • Macy's to build fulfillment center in West Virginia

    CINCINNATI - Macy’s, Inc. (NYSE:M - News) today announced it will build a major new fulfillment center near Martinsburg in Berkeley County, W.Va., to support the continued growth of its online business. The site is located strategically along I-81, about 80 miles northwest of Washington, D.C.

  • Macy’s to build new fulfillment center to support online growth

    Cincinnati - Macy’s announced it plans to build a major new fulfillment center near Martinsburg in Berkeley County, W.V., to support the continued growth of its online business. The site is located about 80 miles northwest of Washington, D.C. 

    Construction on the 1.3 million-square-foot facility is expected to begin in spring 2011, with operations beginning in April 2012 and order shipments beginning in summer 2012. 

  • TRU loss widens in Q3

    WAYNE, N.J. - Toys“R”Us reported that net sales for the third quarter were $2.7 billion, an increase of 1.9% compared with prior year, due to new locations including Toys“R”Us Express stores as well as comparable-store net sales growth of 2.3% in the domestic segment and a foreign currency translation benefit of $17 million. These increases were partially offset by a decline of 2.9% in comparable-store net sales in the international segment.

  • A&P files for Ch. 11 bankruptcy

    Montvale, N.J. - The Great Atlantic & Pacific Tea Co. on Sunday filed for Chapter 11 bankruptcy protection as it struggles with enormous debt and increased competition from low-priced peers.

    The 151-year-old company operates 395 stores around the Northeast under several banners, including A&P, Waldbaum's, The Food Emporium, Super Fresh, Pathmark and Food Basics.

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