Yum! Brands

Phoenix-Mesa-Scottsdale, Ariz. -- Kimco Realty Corp. announced that it purchased Christown Spectrum power center in the Phoenix-Mesa-Scottsdale, Arizona for $115.3 million. The property is an 850,000 sq. ft. center situated one mile east of Interstate 17 and lies adjacent to the second-busiest light rail station in Phoenix.

A leading pizza chain is testing beacon technology – in stores in China.

Yum Brands subsidiary Pizza Hut is using devices from global beacon technology provider Sensoro at all 1,471 locations in mainland China through Sept. 23.

A little over a year into his tenure as Target’s chairman and CEO, Brian Cornell has added new responsibilities as a member of the board of directors at KFC, Pizza Hut and Taco Bell parent company Yum! Brands.
 
Cornell’s appointment to the Yum board comes 13 months after he was named to the top job at Target and just three months after Target sold its pharmacy business to CVS Health for $1.9 billion. The latter is noteworthy because two executives with strong ties to CVS Health serve on Yum’s Nominating and Governance Committee.
 

The CEO of one of America’s most prominent discount retail chains has joined the board of directors of quick service restaurant operator Yum Brands. Target CEO Brian J. Cornell, 56, is now a member of the Yum Brands board.

Taco Bell has developed a new store design and banner for the brand’s expansion into urban markets.

The new model — designed in house — eliminates the drive-thru and uses technology to help simplify and modernize the restaurant experience. The format, called Taco Bell Cantina, will debut in the Wicker Park neighborhood of Chicago on Tuesday, Sep. 22. The second will open in San Francisco later this month. And in a big change for the company, Cantina customers will be able to buy wine or beer to accompany their tacos.  

Minneapolis – Target Corp. reportedly wants to become a place where consumers can go and everybody knows your name.

According to USA Today, Target plans to serve liquor in a store slated to open in Chicago in October 2015.

While a number of Target stores sell packaged alcohol products, this marks the first time Target would also serve liquor for customers to consume inside the store. Target has applied for permits to both sell alcohol for take-home purchase and for in-store consumption for the Chicago store.

Salads and fancy pizza will soon be on the menu at a very limited number of Target locations.

Minneapolis -- Salads and fancy pizza will soon be on the menu at a very limited number of Target locations.

Starting in October, the retailer plans to test  fast-casual concepts in some 14 stores as it responds to customers looking for higher-quality food and more of a café atmosphere, USA Today reported.