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pOpshelf
Company newsNewsTennessee

Dollar General to Open 1,000 New Popshelf Stores by End of 2025

by Julia Sanders

Goodlettsville, Tenn. — Dollar General (NYSE: DG) has unveiled plans to open approximately 1,000 new Popshelf stores by the end of fiscal year 2025, including roughly 100 stores in fiscal year 2022. Each Popshelf store spans approximately 9,000 square feet and offers seasonal and home décor, health and beauty products, cleaning supplies and party goods. The target customer is primarily female, lives in the suburbs and maintains an annual household income ranging from $50,000 to $125,000, according to the retailer. Dollar General, which is based in Goodlettsville near Nashville, debuted …

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CVS
Company newsNewsRhode Island

CVS Health Plans to Close 900 Stores, Focus on Digital Strategy

by Julia Sanders

Woonsocket, R.I. — CVS Health Corp. (NYSE: CVS) plans to close about 900 stores over the next three years, or about 300 stores a year, starting in the spring of 2022. The pharmacy retailer says the decision to close its stores was in order to focus more on its digital strategy. The store closures equal about 9 percent of the approximately 10,000 locations that the retailer currently operates. CVS says it will help those who lose their jobs as a result of the store closures to find a different role …

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ArkansasCompany newsNews

Walmart Posts Growth in Fiscal Third-Quarter Earnings, Raises Future Revenue Projections

by Julia Sanders

Bentonville, Ark. — Walmart Inc. (NYSE:WMT) posted growth in earnings during its fiscal third quarter of 2021, which ended Oct. 31. Walmart’s total revenue was $140.5 billion, an increase of 4.3 percent from a year earlier when it was $134.7 billion. These numbers were also higher than Wall Street’s predictions of $135.6 billion, according to CNBC. According to Refinitiv, the discount retailer’s earnings per share were $1.45 adjusted versus $1.40 expected. Additionally, Walmart’s e-commerce sales increased 8 percent during the fiscal third quarter and 87 percent over a two-year period. …

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Kevin Pelio
Company newsNew JerseyNews

The Azarian Group Hires Kevin Pelio as Director of Leasing

by Julia Sanders

Midland Park, N.J. — Kevin Pelio has joined Midland Park, New Jersey-based commercial real estate firm The Azarian Group as director of leasing. In his new position, Pelio will oversee and lead all aspects of portfolio leasing and strategy for the firm. Prior to rejoining The Azarian Group where he started his career in real estate in 2009, Pelio spent eight years with Simon Property Group, where he was responsible for the execution of inline and auxiliary leasing. Most recently, Pelio served as senior acquisitions and real estate manager for …

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Company newsNew JerseyNewsOhio

Kroger, Bed Bath & Beyond to Collaborate on E-Commerce Offering, In-Store Pilot Program

by Julia Sanders

Cincinnati and Union, N.J. — Cincinnati-based The Kroger Co. and Union, New Jersey-based Bed Bath & Beyond Inc. have unveiled plans for a collaboration to directly offer Kroger customers the home and baby products carried by Bed Bath & Beyond. The products will be available on Kroger’s website as well as a small-scale, physical store pilot program at select Kroger stores beginning in 2022. The products will include bedding, storage, baby furniture and baby gear from both Bed Bath & Beyond and buybuy Baby.

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Food Lion
Company newsDevelopmentGeorgiaKentuckyNewsNorth CarolinaSouth CarolinaTennesseeVirginia

Food Lion Completes $127 Million Remodel of 87 Stores Across Six States

by Julia Sanders

Salisbury, N.C. — Food Lion has remodeled 87 stores across Georgia, Kentucky, North Carolina, South Carolina, Tennessee and Virginia for $127 million. The company’s recently unveiled new format offers a wider variety and assortment of goods across all departments; a greater number of natural, gluten-free and organic items; a larger variety of local craft beer and limited reserve wines; a bigger selection of easy and affordable meals for families; a wider variety of grab-and-go items and pre-sliced deli meats and cheeses; a larger selection of fresh produce and meat; a …

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CaliforniaCompany newsNews

Voyager Group Celebrates 25 Years of Business

by Julia Sanders

San Juan Capistrano, Calif. — The Voyager Group, a brand strategy and creative marketing agency, is celebrating its 25th year of business. Voyager works with clients on a range of services including brand strategy; corporate identity; customer immersion; insight and programming; digital design and development; environmental design; production services; property launches; traditional advertising; and video production. The San Juan Capistrano, California-based agency also crafts brand narratives, signage, sales centers, leasing materials, media campaigns, immersive installations, social media presence and property launches on behalf of developers. The company has worked with …

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CaliforniaCompany newsNews

Voyager Group Receives 2021 Gold Maxi Award

by Julia Sanders

San Juan Capistrano, Calif. — Voyager, in partnership with Kemper Development Co., has received a 2021 Gold Maxi award from ICSC for The Bellevue Collection’s “Do Good with Delivery” campaign. The Voyager Group designs brand narratives and creative campaigns for mixed-use, office, retail, hotel and dining developers and leasing teams, such as Alberta Development Partners, Daniels Development Co., DMB Associates, The Irvine Co. and The Mills Corp. Voyager Group clients and projects include 150 Worth Avenue, 1221 Ocean Avenue, The Aesthetic Society, Churchill Management Group, Coca-Cola, Fashion Island, FedEx, Gridiron …

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Company newsFloridaNews

Publix to Hire 30,000 Employees in Fourth Quarter of 2021

by Julia Sanders

Lakeland, Fla. — Publix plans to hire 30,000 employees during the fourth quarter of 2021. New employees will work across the company’s portfolio of 1,284 stores, nine distribution centers and 11 manufacturing facilities in Alabama, Florida, Georgia, South Carolina, Tennessee, North Carolina and Virginia. Employee benefits at Publix include tuition reimbursement and a stock ownership program. The Lakeland, Florida-based company is also rewarding employees that receive the COVID-19 vaccination with a $125 Publix gift card.

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Company newsMichiganNews

Kmart to Close Last Store in State of Michigan

by Julia Sanders

Marshall, Mich. — Kmart is closing its final store in the state of Michigan, according to local media reports. The last remaining store is in Marshall, which is located just east of Battle Creek and about 45 miles south of Lansing. The store is expected to close in November. Kmart opened its first location in Garden City, Michigan, in 1962. At its prime in the 1990s, Kmart operated more than 2,300 locations in the United States. The current parent company of Kmart, Transformco, also owns Sears, which recently unveiled plans …

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