Strategy

Google is being secretive about its “Project Wing” delivery drone program, but a patent filing gives some additional information about the effort. According to Fast Company, Google hopes to use remote wheeled delivery receptacles that will automatically guide drones to drop their packages. The receptacles will then complete the delivery on the ground. [Fast Company]

Walgreens Boots Alliance this year moved its annual shareholder's meeting from the Windy City to the snow-ridden streets of Manhattan, approving three proposals made by the board, reviewing the company's recent events and looking ahead to the future.

Walmart is launching a new open source cloud platform that seems aimed at hurting Amazon Web Services (AWS) as much as helping retailers.

The cloud management and application lifecycle management platform, known as OneOps, has been under development at the @WalmartLabs innovation center for two years. Walmart has used OneOps internally to support efforts such as improving its website and deploying online grocery features.

Tarrytown, N.Y. -- DLC Management Corp. announced the promotions of key members including the promotion of Daniel Taub to president. The company recognizes that human capital is its most important asset when it comes to success, developing its people and promoting from within are core business practices.

Newark, Del. -- Atlantic Realty Companies announced Main Street Movies 5 has signed an 18,000 sq. ft. lease at Newark Shopping Center in Newark, Delaware.

Main Street will invest $3 million in a full-scale renovation of the existing theater space and expand into the adjacent space. Construction is set to begin in February with a grand opening in August.

Highland Village, Texas -- Trademark Property Corp., the operating partner for The Shops at Highland Village located in Highland Village, Texas, announced Torchy’s Tacos has signed a lease for 5,262 sq. ft. at the recently renovated shopping center. In addition, Runway Seven’s flagship store will relocate this spring to a larger space.

How good is your data?

Seventy-five percent of retailers believe inaccurate data is undermining their ability to provide an excellent customer experience, according to a study by Experian Data Quality.

Toys"R"Us is urging shoppers to bring in their recalled and outdated baby items during its annual Great Trade-In event next month at stores nationwide.

The event will take place at Babies"R"Us and Toys"R"Us stores Feb. 1 through Feb. 29. And, new this year, the company's Rewards"R"Us loyalty members can take advantage of early access to the in-store event beginning Jan. 29, by showing their Rewards"R"Us card during checkout.

Staples on Monday announced several key executive moves as part of an organizational “streamlining.” But the retailer did not mention that it also was cutting hundreds of corporate jobs, according to a published report.

The report, by Fortune.com, said that pink slips were handed to both junior and senior employees of the chain.

Wal-Mart Stores has learned that TRC Capital Corporation has made an unsolicited “mini-tender” offer dated Jan. 20, 2016, the company announced Tuesday. TRC has offered to purchase up to 2 million shares of Walmart’s common stock at $59.88 per share. The offering price is approximately 4.3% below the closing price per share of Walmart’s common stock on Jan. 19, 2016, the last trading day before the commencement of the offer.

Walmart is not associated with TRC and recommends that shareholders reject this unsolicited offer.