OPERATIONS

Macy’s to increase holiday hires by 3.6%, driven by increased omnichannel needs

BY Marianne Wilson

Cincinnati — Macy’s said it plans to hire about 86,000 seasonal associates for its Macy’s and Bloomingdale’s stores, call centers and distribution and fulfillment centers for the 2014 holiday season, an increase of about 3.6% from 2013.

In particular, Macy’s said, its seasonal workforce has grown in recent years in the company’s network of online fulfillment centers in support of increased sales generated by the company’s omnichannel business strategy.

In 2014, approximately 10,000 of the 86,000 total seasonal positions will be based in the direct-to-consumer fulfillment megacenters in Martinsburg, West Virginia; Goodyear, Arizona; Portland, Tennessee; and Cheshire, Connecticut, and well as in product-specific fulfillment centers in Sacramento, California; Stone Mountain, Georgia; Secaucus, New Jersey; and Joppa, Maryland.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

House of Frasier taps SmartFocus to analyze shopper behavior

BY Marianne Wilson

New York — SmartFocus announced that U.K. department store retailer House of Frasier has selected SmartFocus’ Insights technology to gain a holistic view of their customers and continually deliver personalized interactions that increase engagement.

"Delivering best in class email communications was the driving force behind selecting a new partner,” said Martin Francis, director of online trading at House of Fraser, which operates 59 locations in the across the United Kingdom and Ireland. “By using SmartFocus’ innovative technology, we are able to uncover actionable insights from a wealth of customer data and deliver relevant and consistent experiences for every customer – across all of our channels."

With SmartFocus’ technology, House of Fraser can analyze shopper behavior and identify the right channels, products and offers to engage their customers for their next purchase.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Lucescu Realty sells Utah shopping center portfolio for $226 million

BY Dan Berthiaume

Newport Beach, Calif. – Investment real estate services firm Lucescu Realty has sold three retail shopping centers in Utah for $225.6 million. The properties included The Family Center at Fort Union in Midvale, Utah; The Family Center at Taylorsville in Taylorsville, Utah; and The Family Center at Orem in Orem, Utah.

DDR, headquartered in Beachwood, Ohio, a self-administered and self-managed REIT operating as a fully-integrated real estate company, was the seller. The buyer, Excel Trust, located in San Diego, is a real estate investment trust that primarily targets community and power centers and grocery-anchored neighborhood centers.

An additional component of the transaction was the simultaneous sale of the Taylorsville, Utah center from Excel Trust to TriGate Capital. TriGate Capital, based in Dallas, is a real estate private equity firm focused on the recapitalization and repositioning of real estate assets throughout the U.S. Lucescu represented Excel in both sale transactions and dealt direct with DDR and TriGate Capital.

The Family Center at Fort Union is a 682,279-sq.-ft. community shopping center, anchored by Wal-Mart, Smith’s Food & Drug, Gordmans, Dick’s Sporting Goods, Bed Bath & Beyond, Babies “R” Us, Ross Dress for Less, OfficeMax, Michaels, DSW and Petco. Walmart and Smith’s, which occupy approximately 126,370 sq. ft. and 65,755 sq. ft. respectively, were both included as part of the sale.

The Family Center at Taylorsville is a 779,439-sq.-ft. portion of a 857,866-sq.-ft. community shopping center, anchored by Shopko, Harmon’s, FYE Superstore, Sports Authority, Jo-Ann Fabrics, 24 Hour Fitness, Bed Bath & Beyond, Ross Dress for Less, PetSmart, Guitar Center and Dollar Tree. The property was 75% occupied at closing.

The Family Center at Orem is a 150,667-sq.-ft. portion of a 281,931-sq.-ft. community shopping center.

“It’s an institutional-quality portfolio of centers; blue chip tenant rosters, located in infill locations with high barriers of entry,” noted Lucescu. “DDR did a great job of owning, managing and leasing these centers and Excel will continue that success. The Midvale center is considered by many to be the most dominant open-air center in Utah and the Taylorsville center is situated at the busiest intersection in the entire state."

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...