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Large Chains

  • Wheeler Real Estate Investment Trust sells three properties for $28.2 million

    Virginia Beach, Va. -- Wheeler Real Estate Investment Trust announced the sale of three non-core properties, Harps, Jenks Reasor's, and Bixby Commons located in Tulsa and Delaware Counties, Oklahoma, for $28.2 million. The three free-standing properties total approximately 187,705 sq. ft. were sold under separate contracts.

  • Report: Struggling grocer turning out the lights

    Fresh & Easy, which opened its first store in 2007 and was U.K. giant Tesco’s first U.S. venture, is closing its stores, the Los Angeles Times reported. The chain, which was never able to gain a foothold in the competitive U.S. grocery market, filed Chapter 11 in 2013, and was acquired by grocery billionaire Ron Burkle's Yucaipa Cos. with a loan from Tesco. [Los Angeles Times]

  • Westward ho for Sportsman's Warehouse

    Sportsman's Warehouse is growing its store presence out West.

    The retailer will open a store in Slidell, Louisiana, its first in the state, and another in Las Cruces, New Mexico.

    The Louisiana store will be located in the Rouse Shopping Center, and is expected to open in early 2016.

    The store in Las Cruces will be located on Telshore Boulevard and is expected to open in the summer of 2016.

  • Stark Enterprises announces retail property acquisition

    Pickerington, Ohio -- Stark Enterprises acquires The Shoppes at Stonecreek in Pickerington, Ohio. The 45,000-sq.-ft. retail center is located east of Columbus and is currently 100% occupied. Featured tenants include Lifetime Fitness, Petland, Advanced Vapor, Lomonico’s and Roosters.

    “This acquisition further expands our footprint outside of Northeast Ohio and is a prime opportunity for us to prove the transformational impact we have on our properties,” said Ezra Stark, COO for Stark Enterprises.

  • Report: HEB mulls acquisition of Brookshire grocery chain

    HEB is considering an acquisition of regional grocer Brookshire Grocery, which would expand HEB beyond Texas for the first time, according to a new report.

    If this deal comes to pass it would put HEB in markets beyond Texas, as Brookshire has stores in Southwestern Arkansas and western Louisiana, reports MyEastTex.com. The company’s website store locator lists 117 stores — 80 in Texas, 26 in La. and 11 in Arkansas.

  • Couche-Tard CFO resigns; company to buy 18 stores in Texas

    One of the world’s largest C-store operators is searching for a new CFO as the company expands its reach in the southern United States with a deal to buy 18 convenience stores operating under the Texas Star brand.

    Alimentation Couche-Tard Inc. announced that Vice President and Chief Financial Officer Raymond Paré has resigned. It also announced a deal to acquire 18 convenience stores in the Souhwest, which will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.

  • Couche-Tard to buy 18 stores in Texas as CFO suddenly resigns

    One of the world’s largest C-store operators is searching for a new CFO as the company expands its reach in the southern United States with a deal to buy 18 convenience stores operating under the Texas Star brand.

    Alimentation Couche-Tard Inc. announced that Vice President and Chief Financial Officer Raymond Paré has resigned. It also announced a deal to acquire 18 convenience stores in the Souhwest, which will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.

  • Dollar Tree takes Deals in new direction

    The Deals stores Dollar Tree acquired nearly a decade ago never turned into a meaningful growth vehicle for the company and soon the banner will disappear.

    Dollar Tree said of the 222 Deals stores it operates, 217 will be converted to Dollar Tree stores and five others will become Family Dollar stores. Dollar Tree acquired Family Dollar earlier this year giving it a network of nearly 14,000 stores throughout the U.S. and Canada.

  • Walmart Canada makes online shopping easier

    Walmart Canada is looking to make online shopping as convenient as possible by partnering with 7-Eleven Canada Inc. to expand Walmart Canada’s Grab & Go locker network in six 7-Eleven stores in the greater Toronto area.

    The service offers customers using Walmart.ca a free shipping option where they can pick up their order, 24 hours a day, seven days a week, at no cost. This partnership expands on Walmart Canada’s current Grab & Go Locker service, which offers free shipping to 45 Grab & Go lockers in the GTA.

  • Ex-Walgreens exec to lead Fred's store operations

    Fred’s Super Dollar has turned to an operational executive from Walgreens to take over as executive VP of store operations.

    red's announced that John Foley has been appointed to the new role. Mike Holligan, who formerly served in this capacity, will move to the open position of regional VP store operations.

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