Strategy

Boston – 7-Eleven Inc. has as agreed to acquire Tedeschi Food Shops Inc.'s approximately 182 convenience stores in the greater Boston area and in New Hampshire. The transaction is anticipated to close in mid-2015, subject to standard closing conditions and regulatory approvals.  

Terms of the deal were not disclosed. 7-Eleven expects to extend job offers to most Tedeschi Food Shops employees who are affected by this acquisition. Currently, 7-Eleven operates and franchises 164 stores in the greater Boston area and New Hampshire.

Photo: Jonathan Parks

The retailer formerly known as Restoration Hardware has hired a chief real estate officer to lead the latest installment of its evolution into a "design gallery": a 70,000-square-foot store in Las Vegas.

A lot of attention has been paid to a variety of technologies currently disrupting retail, like beacons and wearable devices. Here are three technologies still in the development phase that hold potential to radically disrupt retail, and even life as we know it, in the next 10 years:

Quantum Computing

New York – Shake Shack Inc. is reopening its original Madison Square Park flagship restaurant in New York on May 20. The new and improved Shake Shack store has the exact same look and feel, rebuilt to last for many years to come.

Google Inc. is reportedly planning to start providing users with “Buy” buttons in their search results within the next few weeks.

The parent company of Albertsons and Safeway has named a drugstore industry veteran as its new SVP of pharmacy, health and wellness.

Dollar General is making a difference in the lives of its customers and their communities with another massive donation to literacy programs.

The retailer’s Dollar General Literacy Foundation has awarded more than $5.8 million in grants to support adult, family and summer literacy programs to approximately 720 schools, nonprofits and literacy organizations across the 43 states Dollar General serves.