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Data & Analytics

  • Grubb & Ellis appoints senior exec

    San Jose, Calif. -- Grubb & Ellis Co. announced that Robert Cook has joined the company as senior VP corporate services, based in the company’s San Jose office. 

  • Delhaize to spend $1.21 billion on new stores

    Belgium -- Belgian supermarket operator Delhaize Group said Thursday it plans to spend $1.21 billion opening new stores and remodeling existing outlets.

    According to a report by Wall Street Journal, Delhaize, which operates mainly under the U.S. Food Lion, Hannaford and Sweet Bay banners, is making the investments despite a fourth quarter same-store sales decline of 0.8%.

  • Survey: Tenants upbeat about 2011

    North Plainfield, N.J. -- A survey released Friday by Levin Management Corp. said that he majority of shopping center tenants are optimistic about the year ahead.

    According to the real estate firm’s pre- and post-holiday survey of Northeastern retailers, 61.5% of respondents were positive about 2011, and 52.2% of respondents said holiday sales topped or equaled 2009

  • Kohl's selects First Data for payment processing services

    ATLANTA -- First Data Corp. announced that it has entered into an agreement with Kohl’s Department Stores to provide payment processing services for the company’s private brand credit card accounts.

  • Ahold U.S. sales up 6%

    AMSTERDAM, The Netherlands -- Ahold reported that net sales for its U.S. division increased 6% to $5.6 billion for the fourth quarter. Identical-store sales for the quarter increased 1.9%(0.9% excluding gasoline), and comparable sales were up 2.1%.

    For the full year the company reported net sales of $23.5 billion increased b y  5.1% when compared to the adjusted full year 2009 sales. Identical sales were up 1.5% (0.4% excluding gasoline).

  • Retailers name store expansion as top priority for 2011

    WASHINGTON — Retailers are ready to expand again, and likely will do so as the economy picks up, according to a new survey conducted by the charitable arm of the National Retail Federation and KPMG.

  • Save-A-Lot opens food DC in Lexington, N.C.

    ST. LOUIS, Mo. — Save-A-Lot announced that it will break ground for a new 325,000-sq.-ft. food distribution center in Lexington, N.C.  The state-of-the-art center located in Lexington’s Business Center is expected to open by December 2011 and employ more than 40 employees initially with the potential for hiring additional employees once the facility is at full capacity.

  • Lowe's names successor to departing CIO

    Mooresville, N.C. -- Lowe's Cos. said Thursday that executive VP and chief information officer Steven Stone is leaving the company in order to pursue other interests.

    Lowe’s said it has named current executive VP store operations and Lowes.com Michael Brown as Stone’s successor.

    Brown will report to chairman and CEO Robert Niblock.

  • Amazon buys European movie rental service Lovefilm

    New York City -- Amazon.com said Thursday it is buying Lovefilm, a European movie rental service akin to Netflix, according to a report by the Associated Press.

    Terms of the acquisition were not disclosed.

    Lovefilm operates in the United Kingdom, Germany, Sweden, Norway and Denmark. Much like Netflix, it is a subscription-based service through which people can rent movies by mail or watch them on TV or any other device with a high-speed Internet connection. The company also offers TV shows and games.

  • Dillard's plans to form REIT

    Little Rock, Ark. -- In a regulatory filing on Wednesday Dillard's said it plans to form a real estate investment trust, with the objective of improving liquidity.

    According to the department store retailer, various company entities will transfer interests in properties to the REIT, which will then lease the properties back to them.

    "Dillard's believes the formation of a REIT may enhance its ability to access debt or preferred stock and thereby enhance its liquidity," the filing said.

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