OPERATIONS

Shopko names interim CEO

BY Katherine Boccaccio

Green Bay, Wis. — Shopko Stores announced Wednesday that Mike Bettiga has been named interim CEO to replace Paul Jones, who resigned to pursue another opportunity.

Bettiga is a 35-veteran of the company, and most recently served as executive VP and COO. Shopko is owned by private investment firm Sun Capital Partners.

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REAL ESTATE

Toys ‘R’ Us to open in-store holiday shops at Macy’s

BY Katherine Boccaccio

Wayne, N.J. — Toys “R” Us and Macy’s announced Wednesday that the pair will team on a Toys “R” Us Express-branded in-store program slated to open in 24 Macy’s stores during the holiday selling season.

Beginning mid-October and running through mid-January, the holiday temp departments will operate on a leased basis, will average about 1,500 sq. ft. each and will offer an edited selection of the Toys “R” Us product assortment.

“By partnering with Toys “R” Us, we can offer a comprehensive toy assortment and one-stop shopping in this largest gift-giving time of the year,” said Jeff Gennette, Macy’s chief merchandising officer.

The 24 Macy’s stores are all located in major markets, which, said the companies, could serve as test cases for an expanded pop-up toy shop concept in the future.

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REAL ESTATE

Walmart Canada to grand-open 30 stores in October

BY Katherine Boccaccio

Mississauga, Ontario — Walmart Canada said Tuesday it will complete 30 real estate projects by the end of October, including two supercenter conversions and 28 new stores totaling 2.4 million sq. ft. of retail space.

The new stores were former Zellers locations; 10 will be converted to supercenters and 18 will be Walmart Canada discount stores.

“This is an exciting month for Walmart Canada,” said Jim Thompson, COO, Walmart Canada.

The 30 projects are part of 73 real estate projects planned for the company’s current fiscal year, which will add 4.6 million sq. ft. of retail space to its operations by January 31, 2013. These projects represent an investment of more than $750 million in Canadian communities and will generate more than 14,000 store, trade and construction jobs, according to the company.

As of Oct. 31, the company will have completed 50 of the 73 real estate projects planned for the year, bringing the company’s store count to 367 stores: 193 supercenters and 174 discount stores.

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Jan-29-2013 07:42 am

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Dec-04-2012 02:29 pm

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As of Oct. 31, the company will have completed 50 of the 73 real estate projects planned for the year, bringing the company's store count to 367 stores: 193 supercenters and 174 discount stores. free advertising forum

T.Stone says:
Dec-04-2012 02:29 pm

As of Oct. 31, the company will have completed 50 of the 73 real estate projects planned for the year, bringing the company's store count to 367 stores: 193 supercenters and 174 discount stores. free advertising forum

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