Corporate Governance

JTRE Holdings announced it purchased the cooperative shares of the ground floor retail portion of 349 W Broadway in Soho, New York. Adding to its rapidly growing portfolio of commercial and mixed-use assets, the property was acquired for $5 million.

7-Eleven is teaming up with a San Francisco start-up to launch an on-demand delivery service at select colleges.

The convenience store giant has partnered with Tapingo, a mobile commerce application for college campuses, to launch on-demand delivery of 7-Eleven products in the college market.

Judging by its recent executive appointments, online beauty subscription retailer Birchbox is getting more and more serious about expanding in the physical space.

The company has named Benjamin Fay as VP of retail development and customer experience, with responsibility for translating the Birchbox brand experience into store design and overseeing execution of the retailer’ s off-line growth.

InnerWorkings on Tuesday entered an exclusive partnership to enhance the marketing supply chain of Weis Markets. 

Nordstrom Rack, the off-price division of Nordstrom, continues its expansion, announcing two new upcoming locations.

The retailer plans to open a 28,000-sq.-ft. store at Fashion Outlets of Chicago in Rosemont, Ill., in fall 2016. The property is owned by Macerich.

For a highly specialized retailer like specialty music chain Guitar Center, keeping track of store labor can pose extra challenges.

“Our customers want knowledgeable associates for specific instruments,” explained Alex Khamudis, manager of store labor for Westlake Village, California-based Guitar Center. “How do you figure out when to schedule experts, and how many, across four separate departments like guitar and drums?”