News

CAMP HILL, Pa. — Three Rite Aid stores in New England have received Energy Star certification from the Environmental Protection Agency, the retail pharmacy chain said Monday.

As thousands of retailers and shopping center owners and managers prepare to descend on Las Vegas for the International Council of Shopping Centers’ 2012 RECon conference May 22-25, we thought it appropriate to talk with a retail real estate expert about not only the state of the industry, but also what to expect from this year’s show. 

Senior editor Katherine Field talked with Mitchel S. Friedman, senior VP of New York City-based RCS Real Estate Advisors, to gain his insights about the show and the industry as a whole.

Although revenues at Target last year increased 3.1% to nearly $67.4 billion, other big companies grew faster, and Target slipped three spots to 33rd from 30th in Fortune’s annual ranking of America’s 500 largest companies.

Palo Alto, Calif. -- Shopkick, a leading location-based shopping app, announced that all Crate and Barrel locations across the United States will offer walk-in rewards and special deals to shoppers simply for visiting. For shoppers, that means shopkick walk-in rewards are now available in 39 states, plus Washington, D.C., and Puerto Rico, up from three states at launch in August 2010.

The national rollout comes less than five months after Crate and Barrel initially launched its shopkick trial.

New York City -- A trustee for bankrupt retailers Movie Gallery and Hollywood Video reached an agreement on Thursday with all 50 states over how the defunct company collects late fees and other charges from its former customers, the Associated Press reported.

The agreement bars debt collectors from filing negative credit reports or threatening to file such reports against former customers, the report said.

Projections calling for a low-to-mid single-digit comp increase at Target during May don’t sound overly aggressive, but when factoring in some of the economic headwinds and uncertainties facing the U.S. economy, the sales plan begins to sound more ambitious.

Consumers are dealing with higher fuel prices, food inflation and lingering unemployment. Where $4 a gallon gas prices are headed next is big unknown, but it is only May and historically prices increase during the summer. Ouch!

YORK, Pa. — The Bon-Ton Stores and menswear designer John Bartlett unveiled on April 27 the inaugural collection from the partnership announced last fall. The collections will be available in all Bon-Ton stores in August. 

New York City -- For the second month in a row, Best Buy had to tell customers that their email addresses were compromised.

The chain said that a former business partner’s files containing email addresses of some Best Buy customers were accessed without authorization. Best Buy said it would take legal action but it did not name the vendor involved.