Convenience Stores

Fourth quarter sales at CVS Health surged 11% to $41.1 billion, enabling the operator of nearly 10,000 stores to surpass a significant annual sales milestone.

The company opened 53 new retail stores and acquired 1,672 pharmacies from Target to end the year with 9,655 retail stores, including pharmacies in Target stores, and annual sales of $153.3 billion, an increase of 10%.

A new study of the retail habits of Generations Y and Z shows that the different age groups differ when it comes to using computers for online purchases versus shopping at brick-and-mortar stores.

A new GfK survey revelaled that Baby Boomers have been slower to adopt the smartphone as a shopping device. But when it comes to making purchases with a desktop or laptop computer, Boomers registered similar levels to Generation Y (40% and 43% respectively), while Gen Z came in at just 32%.

A new study of the retail habits of Generations Y and Z shows that the different age groups differ when it comes to using computers for online purchases versus shopping at brick-and-mortar stores.

A new GfK survey revelaled that Baby Boomers have been slower to adopt the smartphone as a shopping device. But when it comes to making purchases with a desktop or laptop computer, Boomers registered similar levels to Generation Y (40% and 43% respectively), while Gen Z came in at just 32%.

For a pizza retailer like Domino’s Super Bowl Sunday is the equivalent of Black Friday in terms of omnichannel traffic and order volume.

During the 2016 Super Bowl, Domino’s experienced considerably higher than usual order volumes across all channels - social, mobile, Web and in-store payments. Yet Domino’s avoided the embarrassment of any slowdown in order processing (as well as the Noid) in any channel.

As we look at the white hot commercial real estate market, it’s clear that value-add and opportunistic investors are chasing deals in new asset classes and locations that are less than ideal. And it makes sense: they are return-driven, happy to take more risks to chase higher yields. But when the market inevitably comes down, they’ll have more to lose.

It makes no sense for Amazon.com to open the type of physical bookstores it helped obliterate, not when the online giant already has the physical infrastructure in place to support a large scale rollout of another type of store in one of retail’s hottest sectors.

It makes no sense for Amazon.com to open the type of physical bookstores it helped obliterate, not when the online giant already has the physical infrastructure in place to support a large scale rollout of another type of store in one of retail’s hottest sectors.

Yonkers, N.Y. -- Brixmor Property Group announced it has strengthened its tenant offering at Highridge Plaza in Yonkers, New York, with the addition of Hmart, an Asian-American supermarket chain. Hmart is scheduled to open a 41,764-sq.-ft. store in fourth quarter 2016.

Walmart is extending the reach of its online grocery pickup service in Canada.

After initially launching online grocery pickup at 11 Canadian stores in July 2015, Walmart is now offering online grocery pickup at 12 more stores in the Greater Toronto market. Orders can be placed at six stores as of Feb. 3 with first pickup Feb. 9; while orders can be placed Feb. 18 with first pickup Feb. 23 at the remaining six.

Consumer demand for more control over their shopping environment is driving growth in one particular technology category.

According to a new study from market research firm Technavio, “Global Self-service Kiosk Market 2016-2020,” the market size of the global self-service kiosk market is predicted to reach close to $18 billion in revenue by 2020. This represents a compound annual growth rate (CAGR) of 5% between 2016, when the market is expected to be roughly $14 billion, and 2020.