Strategy

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.

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.

The eBay platform facilitated commerce of nearly $22 billion in the fourth quarter, a 5% increase, and counted roughly 265 million transactions during the holiday season.

German discount supermarket chain Lidl has revealed where it will drop its anchor in the United States.

The retailer revealed on its website that it is seeking locations between New Jersey and Georgia. It said it is looking to build stand-alone, 36,000-sq.-ft. stores on sites that are at least 3.5 acres with a minimum of 150 parking spaces.

Tiffany & Co. has come up with a new way to showcase its brand and it has nothing to do with jewelry.

The retailer announced it has entered into an agreement with Coty for the development, production and distribution of a new line of Tiffany fragrances for both women and men, to be sold at Tiffany & Co. stores as well as at other select luxury retailers.

The nation’s largest rural lifestyle retailer had previously warned that warm weather caused weaker-than-expected fourth quarter sales and it quantified the impact on profitability with the release of full financial results on Jan. 27.

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.

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.