Strategy

Moorestown, N. J. -- PREIT announced the execution of more than 40,000 sq. ft. of new leases and the completion of its renovation to the dining court at Moorestown Mall located in Moorestown, New Jersey. The one million-sq.-ft. property is anchored by Lord & Taylor, Macy’s, Boscov’s and Sears. New retailers include: Yard House, Starbucks Coffee, Liberty Supply Co., Toy Genius, Eye Deals, Yankee Candle, Verizon Wireless and H&M.

Home goods and Sephora helped J.C. Penney turn a page on the ongoing story of its story of transformation by exceeding top-line growth expectations in the third quarter.

For its third quarter ended Oct. 31, the company cut its loss by 27% to $137 million, or 45 cents a share. It reported net sales of $2.90 billion, compared to $2.76 billion in the year-ago period. Same-store sales increased 6.4%.

Amazon.com has been busy expanding its same-day Prime delivery options across the U.S., and now it is hopping the pond.

Amazon U.K. has launched Amazon Pantry, a nationwide service for Prime members. Amazon Pantry offers more than 4,000 everyday grocery items, including food and drink, household supplies, baby and child care, pet, and health and beauty products.

Plug and Play brings together retailers and start-ups that offer specific technology and expertise that can relieve merchants’ pain points. Chain Store Age offers a Q&A with the head of one of those start-ups, Wibe Wagemans, president of Palo Alto, California-based IndoorAtlas.

What does your company do?

The CEO of Popeyes, Cheryl Bachelder, believes it’s time to move past the debate involving minimum wage increases, Fortune reported. “We will adjust to increased costs just like we have before. Life will go on,” Bachelder said. [Fortune]

For much of the past decade Kroger's growth stragey has depended on acquiring regional grocery chains. But Kroger's move to acquire a beloved MIdwestern chain has many shoppers there in an uproar.

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Huntsville, Ala. -- RCP Companies announced the opening of the first phase of The Shops at Merchants Walk located in Huntsville, Alabama. The property features 90,000-sq. ft. of shopping and dining experience, including the only Whole Foods Market in North Alabama along with high-end shopping options. The development extends Parkway Place retail node and connects it to the Central Business District.

Shoppers all across the country who long for a taste of salsa from San Antonio or tortilla chips from Dallas will love the latest news from Texas-based grocery chain H-E-B.