Strategy

In line with driving the company’s digital services, Wakefern is turning its attention to mobile payments.   Specifically, it will enable customers to use Chase Pay when paying for groceries at its ShopRite and The Fresh Grocer stores. The mobile wallet allows customers to input Chase Visa consumer credit and debit cards into the app, then use the solution to digitally make purchases, and earn rewards. Token technology keeps payments more secures.  

Target Corp. has knocked Walmart off its perennial top spot in an annual ranking of the U.S. companies with the most solar energy capacity.      Target now has 147.5 megawatts (MW) of installed solar capacity, according to the Solar Energy Industries Association’s 2016 Solar Means Business report, which ranks companies based on capacity current through the third quarter of this year.     

Black Friday may have lost some of its allure in recent years, but it still comes out on top in a ranking of the busiest shopping days.    Black Friday, which falls on November 25 this year, took the No. 1 spot in a ranking of the anticipated 10 busiest shopping days of 2016 by ShopperTrak, a Tyco Retail Solutions business unit. The second and third busiest shopping days are expected to be Monday, Dec. 26 and Friday, Dec. 23. (See end of article for the complete list.  

Amazon shoppers will have new venues where they can pick up and re-turn orders — local malls.   Washington Prime Group Inc. has entered into a partnership with Ama-zon to add self-service Amazon Lockers at 50 of its retail centers. The lockers, which are destinations where customers can pick up and return Amazon.com packages, will begin popping up as soon as next month.    

Supervalu Inc. posted disappointing sales results for its second quarter as the company continues to shift its business toward wholesale distribution.       The company released its second quarter results just days after it entered into an agreement to sell its Save-A-Lot discount grocery chain to Canadian private equity firm Onex for $1.37 billion in cash.   

Legendary retailer Mickey Drexler, chairman and CEO of J. Crew, is working with McKinsey & Co. to develop a new business strategy for J.Crew, reported The New York Post.      J. Crew is looking to reverse a two-year slump. In its most recent second quarter, same-store sales fell 8%, the eight straight quarter of declines.   

Gap to shut all Banana Republic stores in the U.K.   Shoppers in the United Kingdom will soon be able to buy Banana Republic merchandise only via the chain’s website.   Gap Inc. plans to close all eight of its Banana Republic stores in United Kingdom by the end of its fiscal year, Bloomberg reported.    In May, Gap announced that it planned to shut about 75 stores across its Old Navy and Banana Republic brands, with most of the closures overseas.

Apple is turning its stores into mini town squares.   The tech giant is redesigning its stores along the lines of its new San Francisco Union Square and London Regent Street locations, Fortune reported. It expects to have 95 stores fully revamped by year end.