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Target is starting its new fiscal year with a bang, announcing plans to divest itself of Mervyn's and Marshall Field's and opening stores under its newest prototype, P2004, complete with [...]

The opening in late January of an intriguing variation of Wal-Mart's supercenter format creates new expansion opportunities and serves as the most recent example of how an already huge $257 [...]

Super K's Next Phase Will Be To Develop A More Complete Store With a Broader Mix K mart, the industry's largest discount chain, has been operating experimental warehouse-style food departments [...]

CHICAGO -- If you want to get in early on this city's next hot retail development, you may just have to be an urban pioneer. With the North side already [...]

At a recent Goldman Sachs global retailing conference in New York, ceo's and other leading executives from an all-star lineup of billion dollar retailers delivered reports on the state of [...]

OAKLAND, CALIF. -- With an eye ever eastward, Cost Plus World Markets will continue to bring its retail format to new markets over the next several years, even as it [...]

OAKLAND, CALIF. -- Riding a growing trend toward casual fashions and exotic looks in home decor and entertainment, Cost Plus World Market is poised for a major expansion into the [...]

OAKLAND, CALIF. -- A shift by Cost Plus World Markets to grow home furnishings has paid off this year, helping to boost the company after a difficult 2001 fiscal year. [...]

BENTONVILLE, Ark. -- Wal-Mart last week said it will add 270 to 280 supercenters next year as part of a 60 million-square-foot expansion plan that will give it more than [...]

DUNKIRK, Md. -- Wal-Mart has devised a new method of getting around the anti-big-box ordinance in the town of Dunkirk, Md., that puts a cap on store size--build two adjacent [...]

French retailer Carrefour is looking to sell a 9.9% stake in PETsMART, its U.S. pet-care division. It has priced the offering at $194.3 million. It is estimated that the stake [...]

Fresh from its acquisition of Deal$ -- Nothing Over a Dollar, Supervalu has reached a new chapter as it works to bring general merchandise into its Save-A-Lot formats. 'In May, [...]

MEMPHIS, Tenn. -- Fred's, which operates nearly 400 stores and more than 200 pharmacies, plans to construct a new distribution center in Dublin, Ga. The 600,000-square-foot facility will augment Fred's [...]

French retailing giant Carrefour SA denied rumors yesterday that it plans to open stores in Russia. Reports had circulating in Moscow that the retailer would open stores in the capital [...]

Target was reluctant to become a food retailer, but the development of supercenter prototypes by Kmart and Wal-Mart prompted Target to adopt a supercenter program. The company operates 10 SuperTarget supercenters and plans to have 13 in place by yearend 1997. Target may not make a final commitment to the format until 2000, however. In its traditional-format stores, Target is testing The Market, a convenience food program., It wasn't that many years ago that Target/Dayton Hudson chairman Bob Ulrich declared, 'Target will get into food over my dead body.' As it turned out, Ulrich rolled over on [...]

Warehouse stores such as Costco Wholesale Corp. and discount store chains such as Wal-Mart Stores Inc. and Kmart Corp. are focusing on groceries as a category to increase sales. Costco's handling of perishable foods is excellent, consultant James Degen says. Wal-Mart plans to open food distribution centers in Illinois and South Carolina in 1997. Kmart wants to use groceries to increase customer visits at its Super K stores., CHICAGO -- It's 4 p.m., and you still don't know what's for dinner. Welcome to the club. Neither does 40% of the nation's population. That's a huge market, and it's [...]

Target is taking a cautious approach to supercenter development and expansion. Only two SuperTargets opened in 1995, six are planned for 1996, and less than 24 will be built by year end 1998. Target has let Wal-Mart lead the supercenter market, even though they appear to have a good combination of prices and merchandise. Expansion will depend on improvement in apparel sales or sale of the Mervyn's division, which is dragging down corporate profits., The third largest discount chain's super-center project is rolling, although it will be years before it reaches takeoff velocity. Target's go slow approach to super centers has destined the retailer [...]

Real estate developer Kroenke Group is proposing to build a 300,000-sq-ft shopping center on a 200-acre site in St Louis County, MO, and it is reported that The Home Depot, The Incredible Universe and Wal-Mart will be likely tenants. Officials for the City of Chesterfield, however, say they have received no zoning-change application, and naming particular tenants would be speculation at this point. The Chesterfield Valley site is located on a flood plain that was submerged under several feet of water during 1993, but represents one of the few site available for development in the local area., ST. LOUIS - Three of the world's hottest growing retailers - Wal-Mart, The Home Depot and The Incredible Universe - may become tenants in a proposed 300,000-sq.-ft. power center in [...]

Target will build three or four supercenters in Lawrence, KS, and is negotiating to acquire land to establish supercenters in Champaign, IL, Springfield, MO and possibly Omaha, NB. The first Target supercenter in Lawrence will be 155,000 sq. ft., down from the original plans for a 195,000 sq. ft store. The new supercenters may be called either 'Target Greatland' or 'Super T' and are intended to compete with Wal-Mart's supercenters., LAWRENCE, Kan. -- Pending rezoning approval, Target expects to break ground here in June for the first of three and possibly four supercenters it plans to build over the next [...]

Meijer's plans to open eight superstores in a new market, Indiana, in 1994. The privately held, family owned regional superstore chain will close its new SourceClub Division which opened its first store in 1992, six additional stores in 1993 and was to have opened five stores in 1994. The firm plans to open its first Cincinnati, OH, store in 1994. Meijer's superstore expansion in Ohio, Michigan and Indiana will enable it to compete with rivals Kmart, which opened six superstores in Ohio and Michigan and Wal-Mart which plans to expand into Ohio in the near future., GRAND RAPIDS, Mich. -- By scrapping its SourceClub division. Meijer's should be able to accelerate the expansion next year of its original supercenters, all the better to meet the challenge [...]

Home furnishings superstores will become the newest retail trend as existing stores attract affluent customers and new entrees cut discounter and specialty store market shares. Consumers are attracted by superstores Bed Bath and Beyond and Linens 'n things, which have 30 bedroom supplies displays in their superstores, compared to the 2-5 displays of large discount houses. Linens 'n things, the largest US textile specialty chain, plans to convert almost all of its stores into superstores in the next few years., A movie mogul would call them blockbusters. Retailers refer to them as superstores, billing them as places to find 'all the home furnishings one could ever want under one roof.' [...]

MINNEAPOLIS -- Target's new Greatland superstore figures prominently in the chain's expansion plans for 1992, accounting for almost one out of four planned new units. Moreover, 'most' of the 20 [...]

Kmart Launches Super Center TROY, Mich. - K mart will take the wraps off its newest venture into the world of grocery retailing early next year: its first Super Center, [...]

New Hybrid Market Slated GLEN BURNIE, Md. - A new American retailing venture - which traces its roots back to a major French hypermarket operator - plans to launch a [...]

Target Sets Launch Of Test Superstore MINNEAPOLIS -- Target, the 407-store upscale discount chain, will unveil a new 'customer friendly' superstore format this fall in a southeast suburb of its [...]

Wal-Mart Supercenters expansion will kick into higher gear in the Midwest next year after the newest food distribution center opens in Tomah, Wis. The $30 million, 880,000-sq.ft. center goes under [...]

MINNEAPOLIS -- Dayton Hudson's annual meeting set a new record for brevity--25 minutes flat. And that included chairman and ceo Bob Ulrich's prepared remarks to shareholders and a video clip [...]

Super Kmart Center officials are anticipating adding 420 stores to total 500 supercenters by 2000. The firm's prototype store, in Virginia, will move an expanded perishables section upfront to initially attract customers, and will also offer bakery and deli goods. Super Kmart Center plans to centralize many of its management areas, such as pricing, and will study the issue of space and store size as it goes along., NEW YORK -- By the year 2000, executives of Super Kmart Center expect to have 500 supercenters in operation, 420 more than the chain has today. The emphasis going forward, [...]

Wal-Mart, Target and Kmart have begun opening supercenters. The discount market is mature, the supermarket industry is fragmented and sales will increase by 20%-30% with the addition of a supercenter format. Supermarket prices are 9% above supercenter prices for all items and 20% above supercenter prices for health and beauty aids. These growth factors help explain the plans of the three major discount retailers., A friend of mine, Bernie Sosnick of Oppenheimer & Co., asked me more than a year ago: 'What's all the fuss with supercenters? Companies like Meijer have been operating hypermarkets [...]

Home Fashions Megastore Set for '92 Debut Toronto's HomeWorld Will Include 200 Retailers TORONTO -- A harbinger of a megastore approach to home fashions will break ground this year just [...]

Longtime Super Store Meijer Poised For Growth After Completion of DC Meijer is gearing up for future expansion as it invests an estimated $20 million to construct its 10th and [...]