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Retail

  • CBRE: VERTS expands to Dallas and Houston

    Austin, TexasCBRE has announced three more Austin-area locations for local fast casual restaurant VERTS, bringing its store count to 10. In 2014, VERTS plans to open 13 new locations, including expansions into Dallas and Houston.

    The newest locations are in North Austin. Locations in Round Rock and Cedar Park will open in the next two months.

  • Bi-Lo, Delhaize get green light on acquisition

    Bi-Lo Holdings and Delhaize Group have received approval from the Federal Trade Commission to proceed with the transaction in which Bi-Lo Holdings will acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize.

  • How Connecting Beacons to POS Technology Will Light Up the Entire Path to Purchase

    By Catherine Tabor, CEO, Sparkfly

    Beacons provide retailers with an opportunity to increase engagement and help direct the in-store experience, and they indicate a shift in many brands’ digital and in-store marketing and merchandising strategies. However, they need to be connected to other consumer touchpoints to deliver their full potential value to retailers.

    Merging the Physical and Digital

  • Kroger’s QFC division has a new president

    Kroger has promoted Dennis Gibson to president of the QFC division. He succeeds Joe Fey, who was named president of Kroger's Mid-Atlantic division in January.

    Gibson has been serving as VP merchandising in Kroger's Columbus division.

  • True Value earnings drop on rising sales

    Chicago – True Value Company reported declining earnings in the fourth quarter and fiscal year 2013 even as sales moderately increased compared to the same periods a year earlier. The retailer posted quarterly earnings of $12.5 million, a decrease of 57% from $29.1 million for the same period a year ago.

  • Tim Hortons to open 300 U.S. stores by 2018

    Oakville, Canada – Tim Hortons is unveiling a strategic four-year growth plan for 2014-2018 called “Winning in the New Era.” The plan, which has specific segments for the Canada, U.S., and international markets, includes the opening of 300 new U.S. locations by 2018.

  • Calendar shift affects the Home Depot’s fourth quarter

    Although the Home Depot’s overall sales missed analysts' expectations, the retailer said the calendar shift, which resulted in one fewer week in the fourth quarter compared to the prior-year quarter, affected its results.  

    The world's largest home improvement retailer reported fourth-quarter total sales of $17.7 billion, down 3% from the same quarter last year, which benefited from an extra week in the calendar. On a 13-week basis, the company's sales actually increased 3.9%.

  • Bi-Lo Holdings, Delhaize Group deal moves forward

    New York -- Bi-Lo Holdings and Delhaize Group have received approval from the Federal Trade Commission to proceed with the transaction in which Bi-Lo Holdings will acquire substantially all of the stores in Delhaize’s Sweetbay, Harveys and Reid’s supermarket chains. As part of the deal, Bi-Lo agreed to divest 12 Delhaize America stores in Florida, Georgia, and South Carolina, and Delhaize Group agreed to retain two stores that were initially part of the deal.

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