OPERATIONS

iParty stores in Massachusetts shift to Party City

BY Dan Berthiaume

Rockaway, N.J. — iParty’s 28 stores in Massachusetts have officially transitioned to the Party City brand name and will offer a larger selection of party supplies, decorations and costumes. The retailer says it timed the transition for the upcoming Halloween holiday.

"As North America’s largest party supply retailer, Party City makes it easy and fun to celebrate special times with family and friends," said Gregg Melnick, president of Party City. "We are thrilled to bring Party City’s huge product assortment and spirit of celebration to customers throughout New England. Customers should note that we’re not done yet, though. We expect to introduce new merchandise assortments into the former iParty locations over the next few months, and should expect to see more party themes, more selection and more value as new assortments work their way into the stores. Party City’s full Halloween assortment however, is now in stores and ready to help turn every Massachusetts trick or treater into the character that they want to be this Halloween."

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FINANCE

Report: Market Basket to continue $300 million payout

BY Dan Berthiaume

Tewksbury, Mass. – DeMoulas Supermarkets Inc., operator of the Market Basket supermarket chain, has reportedly been allowed by a judge in Suffolk Superior Court in Massachusetts to continue making a $300 million payout to shareholders.

According to the Boston Globe, Judge Judith Fabricant denied a motion by Arthur T. DeMoulas, president of DeMoulas Supermarkets, to stop the payout, which had been approved by a majority of the company’s board of directors. All nine shareholders receiving the payout are members of the DeMoulas family.

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REAL ESTATE

Report: New Balance HQ to include retail space

BY Dan Berthiaume

Boston – A new headquarters complex athletic shoe manufacturer New Balance is constructing in the Brighton section of Boston will reportedly include 65,000 sq. ft. of retail space.

According to the Boston Business Journal, ground has been broken on the $500 million, 1.45 million-sq.-ft. site. In addition to New Balance corporate headquarters and retail space, the site will also include an athletic complex, NHL-regulation hockey arena, a hotel, office space, 1,750 parking spaces and its own commuter rail stop.

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