September 26, 2005,
NRF Expects Moderate Holiday Gain
The National Retail Federation expects holiday 2005 sales to grow 5 percent to $435.3 billion. Holiday 2004 sales rose 6.7 percent to $414.7 billion.
Target adds import DC in Georgia
Target is building a 2 million-square-foot import warehouse at the Savannah River International Trade Park. Construction is scheduled for completion in the summer of 2007.
Target operates 41 stores in Georgia and a 1.5 million-square-foot distribution center in Tifton. Another DC in Midway is currently under construction.
Wal-Mart Invests In Central American Retail Company
Wal-Mart International has purchased a one-third stake in Central American Retail Holding Company (CARHCO), the leading supermarket and hypermarket chain in Central America.
CARHCO posted 2004 sales of about $2 billion on a store base of 363 units. Its markets include Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica. Wal-Mart said it plans to acquire a majority stake over time.
ShopKo sets merger vote date
ShopKo Stores, Inc. has rescheduled a meeting of shareholders to vote on the proposed merger of the company with an affiliate of Goldner Hawn Johnson & Morrison, Incorporated. The meeting will now take place on Oct. 10.