Strategy

The Kroger Co. is making a “meaningful” investment in specialty natural/organic grocery chain Lucky’s Market that could expand the supermarket giant’s product assortment.

Kroger did not disclose the size of its stake in Lucky’s, which is based in Boulder, Colorado, and operates 17 stores in 13 states throughout the Midwest and Southeast U.S. Lucky’s stores average 30,000-sq.-ft. and are laid out to resemble an indoor farmers market, and also offer an assortment of prepared foods.

Online fashion site Revolve has entered the world of physical retail with what the brand describes as a “social club.” And similar to an exclusive high-end club, it’s got a members-only model.

Edison, N.J. -- X Team International announced that partner, Welco Realty has completed a 65,000 sq. ft. lease on behalf of Hartz Mountain Industries for the first northeast location of Topgolf, which will join Edison Towne Square in Edison, New Jersey.

Topgolf will be a stand-alone venue as part of a larger retail development for Edison Towne Square, which is situated on the site of the former Ford Motor plant located one mile south of the intersection of the NJ Turnpike and I-287. The venue is slated to open between fall 2016 and winter 2017.

To sophisticated landlords and property managers, co-tenancy provisions contained in commercial leases are routine and (relatively) unexciting. Unfortunately — and perhaps as a result — such clauses are often overlooked. But a co-tenancy default can have a significant impact on a landlord’s bottom line, so landlords and their agents who manage their properties should understand how these provisions operate and the remedies to which a tenant is entitled in the event of a default.

Inland Real Estate Corporation has changed its name to IRC Retail Centers Inc.

The company unveiled a new brand identity in line with its name change, which coincides with the acquisition of Inland by funds managed by DRA Advisors LLC. The updated identity includes a new logo, tagline and updated website.

The world’s greatest golfers will gather soon in Augusta, Georgia, for the 80th annual Masters golf tournament, an event with has many similarities to the retail industry and one that serves as a source of inspiration as we look to grow the PGA TOUR Superstore.

Around every turn on the picturesque course, golfers are faced with new challenges and opportunities that require them to balance the risks and rewards of their decision-making against their ability to execute shots all while striving to prevail over a field of unmerciful competitors.

Walmart and its financial services partners have added a loyalty component to credit, debit and prepaid card offerings that provide an extra incentive to make online purchase.

Macy’s CEO and other top executives are feeling the pain of the chain’s disappointment financial performance in 2015.
   
The board decided to award no bonuses after the chain fell short of its sales, cash flow and earnings goals, Macy’s said in a regulatory filing, according to Bloomberg.

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