Strategy

Roanoke, Va. – Advance Auto Parts Inc. is shifting into high gear when it comes to finance. The retailer has been selected to join the prestigious Standard & Poor’s (S&P) 500 stock index at the close of business July 8, replacing Family Dollar Stores Inc.

Westborough, Mass. – Keeping up the store is never an easy prospect, especially when you operate hundreds of stores with POS applications and peripherals from multiple vendors. To ensure store upkeep, at least from a hardware perspective, BJ’s Wholesale Club Inc. has selected Toshiba TCxCare to manage and be the single point of contact for “wall to wall” maintenance services at its 200 stores.

Dallas – Convenience store purchases are often small, inexpensive items most consumers would prefer to pay cash for. 7-Eleven Inc. is making sure customers always have access to cash through an agreement with Financial Consulting & Trading International Inc. (FCTI) to become its new ATM provider.

FCTI is a wholly owned subsidiary of Seven Bank an ATM provider for all 7-Eleven stores in Japan. 7-Eleven's U.S. company-operated and franchised stores are expected to transition to FCTI's ATM program in 2017.
 

Today, nearly half of the world’s payment cards are EMV-enabled, meaning that the cards are embedded with special computer chips that help reduce counterfeit card fraud. The cards also protect retailers and consumers against losses caused by this fraud. The prevalence of EMV cards will only continue to increase with the upcoming liability shift in the U.S. in October, when merchants that are not EMV-compliant will be held liable for financial losses incurred from counterfeit card fraud.

New York -- High-end luggage and accessories Tumi has selected LED lamps from Solais Lighting, a division of PowerSecure International, has its lighting product of record. Tumi has specified Solais’ Xi20 and Xi24 PAR LEDs featuring the company’s VioLight color-enhancing technology.

Tumi recently installed the LEDs in its store in New York City’s Rockefeller Center.
 

Houston -- Charming Charlie has appointed Melissa Boughton as senior VP of real estate & construction, where she is spearheading the retailer’s real estate, store planning, construction, facilities and lease administration functions.

Apple's newest store in New York City is located in one of its most diverse burroughs and store employees will be fluent in a dozen languages.

According to the New York Daily News, Apple is opening the store on July 11 in the Queens Center mall located in the Elmhurst neighborhood of Queens.

"We are really excited to bring our eighth store in NYC to Queens," Jason Barlia, market director at Apple Retail, told the Daily News. "When we saw this location it made a lot of sense."

Express Inc. has named a new CFO, and the retailer did not look far to fill the role.

BJ's Wholesale Club is forming a new partnership with Toshiba as the retailer accelerates its efforts to drive member loyalty and sales.

BJ’s Wholesale Club Inc. says it has selected Toshiba TCxCare to manage and be the single point of contact for “wall to wall” maintenance services at its 200 stores.

The Container Store may have cleared the low bar it set for itself in the first quarter, but reporting a loss and another quarter of negative same store sales can’t feel good.