Strategy

Cincinnati - Phillips Edison–ARC Shopping Center REIT Inc. acquired 11 grocery-anchored shopping centers during third quarter 2014. The company's portfolio now consists of 131 properties located in 27 states and leased to 38 leading grocery store anchors.

The 11 grocery-anchored shopping centers acquired during the third quarter to date expanded the company's presence in 10 states: California, Colorado, Florida, Georgia, Massachusetts, Michigan, North Carolina, Ohio, South Carolina and Tennessee.

Longtime CPG industry executive and former GMDC president Rick Tilton has been laid to rest after passing away at his Arizona home on September 20.

Palo Alto, Calif. – HP plans to separate into two new publicly traded Fortune 50 companies: one comprising HP’s enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP’s personal systems and printing businesses, which will do business as HP Inc. and retain the current logo.

By Randy Vanderhoof

After large-scale payment data breaches at Target, Sally Beauty, Michaels, Niemen Marcus and the recently confirmed breach at Home Depot, it seems that no retailer is safe from skilled hackers. The incidents also bring to light such questions as “why are payment system breaches happening more frequently?” and “how can they be stopped?”

New York -- Uniqlo celebrate the opening of its store at Roosevelt Field, Garden City, New York, on Oct. 3.

The Roosevelt Field store is the retailer’s ninth store in the state of New York, and its 32nd in the United States.

Uniqlo currently more than 1,400 stores in 16 markets worldwide. The company is a brand of Japan’s Fast Retailing Co, whose brands also include Comptoir des Cotonniers, GU, Helmut Lang, J Brand, Princesse tam.tam, Theory.

Party City has promoted Gregg A. Melnick to president of Party City Holdings, effective immediately. Party City Holdings is the parent company of the Party City Retail Group and Amscan Inc., among other entities. Most recently, Melnick was president of the Party City Retail Group.  

During a keynote at the recent Oracle OpenWorld conference in San Francisco, Tim Theriault, senior VP/CIO of Walgreens, discussed his company’s ongoing efforts at IT innovation. Walgreens has been involved in a number of notable recent innovative technology implementations, but column looks at the underlying strategy that helps ensure the success of those rollouts.

Here are three takeaways other retailers can glean from Walgreens’ innovation strategy:

Salt Lake City - Spring Mobile, a retailer of AT&T wireless phones and a wholly-owned subsidiary of GameStop Corp., has acquired 53 retail store locations from Product Center. With the addition of the new locations, Spring Mobile now operates 298 stores in 26 states.