News

Simon Property Group is adding an unconventional experiential component to its Opry Mills mall in Nashville that should add even more traffic to the already popular shopping and entertainment destination.

Customers in more cities will have an easier time shopping for the groceries at Walmart. According to Reuters, Walmart is rolling out free curbside pickup of online grocery orders to eight new cities, which will make the service available in about 200 stores in 30 metropolitan areas across the U.S. Additional cities offering grocery pickup will include Kansas City and Austin, Texas. Walmart COO Michael Bender said the retailer so far is gaining new customers and increased wallet share at stores where the service is offered and may roll it out further.

Lowe's Companies Inc. is pricing a $3.3 billion notes offering, with an eye toward supporting a planned purchase of another home improvement retailer.

The retailer has agreed to sell $250 million of floating rate notes due 2019, $350 million of 1.15% notes due 2019, $1.35 billion of 2.5% notes due 2026 and $1.35 billion of 3.7% notes due 2046.

Walmart has embraced the marketplace model as means to expand its online assortment and gain ground on Amazon where third party sellers already account for half of the company’s unit volume.

The more than $300 million that Kohl’s has raised through an innovative cause merchandising program is set to go even higher as the retail offer a new product lineup through the end of June.

Kohl’s introduced a new line of Kohl’s Care products including books and plush characters priced at $5 where 100% of the net profit from the products goes to benefit children’s health initiatives nationwide.

Mid-America Real Estate Corp.’s investment sales team recently brokered the sale of Oak Brook Court. Tampa, Florida-based Third Lake Capital acquired the 103,836-sq.-ft. property for $19.95 million. Oak

Brook Court is located at the northeast corner of Kingery Highway (Illinois Route 83) and 16th Street in Oak Brook Illinois, part of the Chicago metropolitan statistical area. The center is anchored by Binny’s Beverage Depot, Office Max and The Great Escape.

Martine Reardon, Macy's chief marketing officer, has decided to leave the company, effective May 13, after 32 years of service.

Reardon did not specify her exact reason for leaving, but in a statement implied she will be taking some time away from her professional career.

Abercrombie & Fitch Co. has named Ashley Sargent Price as senior VP and creative director of marketing.

In this role, Price will oversee creative marketing for all brands (Abercrombie & Fitch, abercrombie kids, and Hollister Co.), the company`s internal photo studio, and marketing operations. She reports to Fran Horowitz, president & chief merchandising officer.

Hot on the heels of its launch of a private label collection aimed at millennial women, The J.C. Penney Co. is now introducing a brand and store section designed for a subset of that market.

JCPenney is debuting Boutique+, a plus-size fashion brand designed for full-figured millennial women. Boutique+ will be available at 500 stores and online May 1.

Joining senior supply chain executives from Lowe’s, Walmart and Amazon on an influential Department of Commerce committee is Jonathan Gold with the National Retail Federation (NRF).