FINANCE

Wal-Mart will end employee profit-sharing

BY CSA STAFF

Bentonville, Ark. Wal-Mart Stores said Friday it will end its profit-sharing contributions in February, replacing them with matches to employee 401(k) retirement plans to bring down benefits costs.

According to a report by Bloomberg, the retailer said it will match contributions up to 6% of eligible employees’ pay. Previously, Wal-Mart automatically put up to 4% of pay into the profit-sharing plan.

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REAL ESTATE

Crazy 8 to open at Exton Square Mall

BY CSA STAFF

Exton Square, Pa. Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said Wednesday that Crazy 8 will open a new store at Exton Square Mall, in Exton Square, Pa.

The 2,369-sq.-ft. store is slated to open in November.

Crazy 8, a concept of The Gymboree Corp., has another location at PREIT’s Springfield Mall in Delaware County, Pa.

The 1 million-sq.-ft. Exton Square is anchored by Boscov’s, J.C. Penney, Macy’s and Sears. 

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News

Target slashes toy prices in time for the holidays

BY CSA STAFF

MINNEAPOLIS Target announced that it will offer discounts on more than 1,000 toys this holiday season, 250 of which are exclusive to Target.

"From Nerf Stampede and Sing-a-ma-jigs to exclusive Toy Story 3 gift packs, Target features the hottest toys and must-have brands that make great gifts for kids of all ages," said Casey Carl, VP merchandise manager, toys and sporting goods. "And, we also offer the classic toys and games like Barbie, Lego and Monopoly that are found on holiday lists year after year –– all at great prices."

Beginning Oct. 17, Target said it will offer a 5% discount on nearly all purchases made at Target and Target.com when guests use their Target credit cards, which will provide guests additional savings throughout the holiday season.

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