REAL ESTATE

Walmart Canada opens first of nine Maritime supercenters

BY Katherine Boccaccio

Saint John, New Brunswick — Walmart Canada grand-opened a 129,000-sq.-ft. superstore in Saint John, New Brunswick, on Friday, the first of nine “Maritime Supercenters” planned for the country by Jan. 31, 2014, said the retailer.

The newly redeveloped store, which signals the launch of Walmart Canada’s Maritime sourcing program for produce, features a fresh grocery section that will serve as a prototype for all Maritime supercenters.

"We are extremely proud to begin offering a full assortment of fresh groceries to our customers in New Brunswick," said John Brea, VP, Walmart Atlantic Canada. The retailer has listed 24 new grocery suppliers located in the Maritimes for items from dry grocery to fruit and vegetables to meat and seafood, and will continue meeting with potential new suppliers as it expands its grocery offering.

The store represents the first of nine Maritime supercenters, but also one of 37 supercenter projects planned across Canada for the company’s current fiscal year. The 37 projects include building new stores and expanding, remodeling or relocating existing stores and represent an investment of more than $450 million in the Canadian economy.

The Saint John East Walmart originally opened as a Walmart discount store in 2001. An updated design features easy-to-navigate aisles with directional signage and a bright interior color palette defining the store’s merchandise areas. The store features LED exterior signage, waste diversion streams including paper and plastic, and sells environmentally-preferable products.

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FINANCE

Pathlight Capital issues term loan to Birks & Mayors

BY Katherine Boccaccio

Boston — Pathlight Capital, part of Sycamore Partners, said it will serve as the administrative and co-collateral agent on a $28 million secured term loan facility to Montreal-based jewelry retailer Birks & Mayors.

The loan, which matures August 2018, amends an existing $18 million term loan; the Junior Capital Division of Wells Fargo Capital Finance will serve as the co-collateral agent on the facility.

"We are excited to be Birks & Mayors’ new financial partner. Our creative structure provides additional liquidity to fuel the company’s growth initiatives,” said Daniel Platt, CEO, Pathlight Capital.

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News

Sweet! Hollywood, Hollywood, Calif.

BY CSA STAFF
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Sweet! Hollywood, at the Hollywood & Highland Center, in Hollywood, Calif., is sure to appeal to anyone in need of a sugar rush. The candy megastore features more than 200 types of gummy candies, 140 flavors of chewing gum, 250 types of lollipops, 300 different chocolate bars and more.

Designed by Richard Altuna, the 30,000-sq.-ft. store is fashioned as a one-of-a-kind retail entertainment experience, with 12 themed boutiques. Shoppers can create custom chocolate bars in the Chocolate Lab, witness candy art shows, check out the tasting machines, and play interactive games. And just for fun, there is a musical staircase.

Sweet! Hollywood plans to expand internationally in the coming years.


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