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Strategy

  • Report: HEB mulls acquisition of Brookshire grocery chain

    HEB is considering an acquisition of regional grocer Brookshire Grocery, which would expand HEB beyond Texas for the first time, according to a new report.

    If this deal comes to pass it would put HEB in markets beyond Texas, as Brookshire has stores in Southwestern Arkansas and western Louisiana, reports MyEastTex.com. The company’s website store locator lists 117 stores — 80 in Texas, 26 in La. and 11 in Arkansas.

  • Stark Enterprises announces retail property acquisition

    Pickerington, Ohio -- Stark Enterprises acquires The Shoppes at Stonecreek in Pickerington, Ohio. The 45,000-sq.-ft. retail center is located east of Columbus and is currently 100% occupied. Featured tenants include Lifetime Fitness, Petland, Advanced Vapor, Lomonico’s and Roosters.

    “This acquisition further expands our footprint outside of Northeast Ohio and is a prime opportunity for us to prove the transformational impact we have on our properties,” said Ezra Stark, COO for Stark Enterprises.

  • Walmart donates nearly $1 million to help retail's front line

    Walmart is one step closer to fulfilling its mission of donating $100 million toward increasing the economic mobility of entry-level workers.

    The retailer and its Walmart Foundation are donating nearly $1 million to Innovate+Educate to fund research and build recommendations that support the advancement of entry-level workers in retail and adjacent sectors.

  • RetailNext: Holiday sales expected to climb only 2.8%

    A sluggish economic recovery will prevent sales from rising more than 2.8% this holiday season, according to analytics firm RetailNext.

    Last week, the National Retail Federation estimated a 3.7% increase in holiday sales, slightly less than last year. Deloitte also called for a 3.5% to 4% increase. This week the International Council of Shopping Centers predicted a 3.3% increase.

    RetailNext's forecast for U.S. retail stores this holiday season (November – December) includes:

  • Target joins UNICEF in new health charity initiative

  • Starbucks deal costs Square

    There are no sure things in business – not even a partnership with Starbucks.

    In paperwork filed for a planned IPO, Square revealed that since launching an agreement to process back-end mobile transactions for Starbucks in October 2012 (the coffee chain did not adopt Square reader hardware), it has recorded $309.8 million in revenue but $380.4 million in processing costs.

  • Nordstrom announces holiday hiring plans

    Nordstrom plans to hire about 11,800 seasonal employees for the coming holiday season, mostly for sales and stock positions at the upscale chain and its less pricey Nordstrom Rack locations.

    The retailer also plans to hire 1,600 temporary workers to support its e-commerce business at its three fulfillment centers.

  • RCP Companies unveils $100 million mixed-use development project

    Huntsville, Ala. -- RCP Companies reveals plans for its newest development in Huntsville, Alabama, within the Central Business District. CityCentre at Big Spring is a $100 million mixed-use development project integrated within Big Spring on nine acres downtown and between Von Braun Center and Twickenham Square.

    Site demolition has been completed with construction expected to commence by year-end and phase one opening in 2016.

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