Convenience Stores

The nation's retailers lost a staggering amount of money in 2016 due to shoplifting, organized crime, internal theft and other types of inventory shrink.    Inventory shrink totaled $48.9 billion in 2016, up from $45.2 billion the year before, as budget constraints left retail security budgets flat or declining, according to the annual National Retail Security Survey by the National Retail Federation and the University of Florida. The thefts amounted to 1.44% of sales, up from 1.38%.  

The Southeast’s leading grocery chain will be opening a new center in the state where it has its least exposure, and leasing activity is brisk.   Broker La Purser & Associates reported the signing of four tenants at a planned Publix-anchored center in Harrisburg, North Carolina. Smoothie King, Sports Clips, Avalon Spa & Nails, and dental office have committed to the 67,200-sq.-ft. Harris Square, set to open in 2018.  

As Amazon continues to ready its cashierless convenience store concept for the public, the company has lost one of the project’s technology leaders.  

Green Top Grocery has opened and will anchor The Foundry, a center situated on a boundary between manufacturing and residential neighborhoods in Bloomington, Minnesota.   Green Top could represent the burgeoning of a new player in the fresh and organic grocery segment in shopping centers: the local cooperative. Owned by 1,500-plus local residents, the Green Top co-op attempts to source products from farmers and vendors within a 100-mile radius of Bloomington.  

Southeastern Grocers' chief executive is leaving after 16-months on the job to pursue "another opportunity."  

Amazon’s acquisition of Whole Foods Market is sending shock waves through the world of grocery retail. This striking move introduces more disruption into the grocery wars. As the c-suites form their war rooms and build their responses, the industry faces an array of significant challenges.   1. Food retailers must think bigger and faster