REAL ESTATE

Dick’s Sporting Goods opening five stores

BY Staff Writer

Pittsburgh — Dick’s Sporting Goods announced it is opening five stores this week.

The retailer will be opening stores at Fort Smith Pavilion, Fort Smith, Ark.; Springbrook Prairie Pavilion, Naperville, Ill.; Indian Mound Mall, Heath, Ohio; The Shops at Stonewall, Gainesville, Va.; and Lisbon Landing, Lisbon, Conn.

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OPERATIONS

Toys ‘R’ Us to run 10% back holiday promo

BY Staff Writer

Wayne, N.J. — Toys “R” Us will again give its loyalty rewards members 10% back on holiday purchases.

The offer, whereby members of the chain’s rewards club get 10% back in “R Us” dollars for each dollar spent on qualifying purchases, is available from Oct. 30 through Christmas Eve. The promotional dollars will be sent to customers via email in January and can be used on future in-store purchases.

The offer this year also includes 2012 Super Savers Pass, which rewards members can earn when they spend $200 or more during the designated period.

On Monday, Walmart announced a holiday price guarantee, saying it would match competitors’ advertised prices retroactively if shoppers see a better deal any time during the holiday season.

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OPERATIONS

Chief merchandising officer leaves Citi Trends

BY Staff Writer

Savannah, Ga. — Citi Trends announced the resignation of Elizabeth R. Feher, the company’s executive VP and chief merchandising officer.

Ed Anderson, the company’s board chairman, will temporarily resume his previous role as executive chairman and, in that capacity, oversee merchandising and marketing while the retailer searches for a chief merchant.

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