Convenience Stores

NRF backs reduction in corporate tax rate
The National Retail Federation (NRF) is publicly supporting a tax reform proposal released today by House Ways and Means Committee Chairman Kevin Brady, R-Texas.
Simon Completes Philadelphia Mills Renovation
The renovation of Philadelphia Mills, that city’s largest outlet shopping center, is now complete according to owner Simon. New entrances, lighting, flooring, and dining pavilion highlight the project, which was begun in 2014. The renovation attracted several new retailers to the location, among them Express Factory, Rack Room Shoes, Steve Madden, and Starbucks. Longtime tenants such as Saks Off 5th, HomeGoods, and Marshalls followed Simon’s lead with store re-dos of their own.

Survey: Shoplifters, dishonest employees continue to plague retail industry

With all the attention placed on cybercrime, it is easy to overlook the threat posed by old fashioned shoplifters and dishonest employees.
Israeli start-up targets Amazon Dash

The IoT-based home shopping landscape is getting a little more crowded.
CVS Pharmacy in 2,900-store healthy food commitment

CVS Pharmacy is upping its game on food.
How a Boston start-up is transforming alcohol sales for the digital age

Launched in 2013, Drizly facilitates the sale and delivery of alcoholic beverages online. Chain Store Age recently visited the company’s Boston-based headquarters and spoke with Nick Rellas, co-founder and CEO, about Drizly’s business model and the evolution of e-commerce. What made you decide to enable the online sale and delivery of liquor?
Walmart makes big move in China with stake in Internet giant

In a big step to grow its business in China, Walmart has entered into an agreement to acquire a 5% stake in JD.com, China’s second largest e-commerce company.
Chick-fil-A and Zoe’s Kitchen to join Kroger at Springwoods Village

Regency Centers announced the signing of nine new tenants for The Market at Springwoods Village, a Kroger-anchored center slated to open in 2017 in the outer northern beltway of Houston. New neighbors of the 100,000 sq.-ft. Kroger Marketplace will be Chick-fil-A; Cold Stone Creamery; Lovett Dental; Nails of America; MOD Pizza; Supercuts; Tarka’s Indian Kitchen; Torchy’s Tacos; and Zoe’s Kitchen. Retail space in the first phase of The Market totals 170,000 sq. ft.
Grocery giant invests in exit signs that put high-tech spin on glow in the dark

The Kroger Co. is installing cutting-edge exit signs as part of a $4 billion store- investment program. The chain is deploying photoluminescent exit signs developed by Cincinnati start-up MN8 at all new and renovated stores nationwide. The LumAware signs differ from standard glow-in-the-dark products in that they also emanate light. The signs, which consumer no energy, eliminate the need for batteries, light bulbs, electricity or maintenance.
BevMo grabs two more Albertsons execs

Specialty alcoholic beverage retailer BevMo is shuffling its leadership team as part of an organizational transformation initiative.
Rite Aid disappoints

Rite Aid Corp. reported disappointing first-quarter earnings and sales results in its first quarter amid pressure on pharmacy reimbursement rates. The chain reported a loss of $4.6 million for the quarter ended May 28, after reporting a profit in the same period a year earlier. Excluding certain items, adjusted net income was $14.5 million, or 1 cent per diluted share, compared with 2 cents a year earlier. The results fell short of Wall Street expectations.
Family Dollar exec moves to Vitamin Shoppe

Vitamin Shoppe on Thursday announced that it has hired Jason Reiser as COO effective July 11.