Convenience Stores

Restaurant chain to add 33 new locations in California
Sonic Drive-In is expanding its footprint in the Golden State.

The company signed franchise agreements to open a total of 33 new drive-ins in the state of California over the next seven years.

The 33 drive-ins are planned for multiple markets across the state: 11 in Sacramento; 12 in the San Francisco Bay Area; three in west Los Angeles; five between Bakersfield and Stockton and two in the Palm Springs area.
Rite Aid December sales flat at $2.2 billion
Rite Aid last week reported a same-store sales decrease of 0.1% for the four weeks ended Dec. 26. December front-end same-store sales increased 0.8% while pharmacy same-store sales, which included an approximate 207 basis points negative impact from new generic introductions, decreased 0.6%.

Despite the report of relatively flat sales, Rite Aid stocks were up on Dec. 31, reaching a peak of $7.89 for the day. Today, the stock is trading at $7.86, up slightly from the day's open of $7.84.

Casey’s app meets modern customer needs

If you’re going to invest in the emerging area of mobile retail apps, you might as well build it around the latest consumer trends.

Ankeny, Iowa-based convenience chain Casey’s General Stores Inc., which operates more than 1,900 stores in 14 Midwestern states, is releasing a new app that includes functionality for the growing consumer preference for prepared meals. The app allows Casey’s customers to order pizza, made-to-order sub sandwiches and appetizers.
The Marketplace at Coastamar in West Villages development to begin in 2016

Venice, Fla. -- Main Street Ranchlands and The Sembler Company announced the companies have formed a joint venture to develop the Marketplace at Coastamar in West Villages located in Venice, Florida. This is the first commercial opportunity in the rapidly growing master-planned community in south Sarasota County.
Bidding war ends: Pep Boys goes to Icahn in all cash-deal

Activist investor Carl Icahn has prevailed in his fight to buy the Pep Boys – Manny, Mo & Jack.

Icahn’s Icahn Enterprises will buy the auto parts retailer for $18.50 per share. The all-cash deal is valued at approximately $1.03 billion.
Supermarket chain names new CEO

Photo: Pete Van Helden has been named chief executive of Stater Bros. Markets
Report: Grocery goes high-tech in 2016

Ordering groceries online and digitizing the store rank among the top trends in grocery shopping for 2016, according to GroceryStories.com.

GroceryStories identified the following full list of top grocery trends for 2016:
Report: On-demand alcohol delivery app finds a growing market

On-demand alcohol delivery app Drizly is in a growth mode. The start-up has an average transaction of around $70, about three times higher than a normal, average in-store transaction, the founders told Boston.com. [Boston.com]
U.S. retail sales to hit nearly $5 trillion in 2015

More than a fifth of the world’s retail sales occurred in the United States this year.

That’s according to the latest forecast of retail and e-commerce sales from eMarketer, which estimates that total U.S. retail sales hit $4.8 trillion in 2015 and will approach $5 trillion in value in 2016.
Grocery goes high-tech in 2016

Ordering groceries online and digitizing the store rank among the top trends in grocery shopping for 2016, according to GroceryStories.com.

GroceryStories identified the following full list of top grocery trends for 2016:
Now Trending: As The Crystal Ball Drops

“Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.
The Shoppes at Windmill Place under new ownership

Batavia, Ill. -- Mid-America Real Estate Corp. announced its Investment sales team brokered the sale of The Shoppes at Windmill Place in Batavia, Illinois. Cincinnati-based Phillips Edison purchased the 122,176-sq. ft. grocery-anchored property.

The Shoppes at Windmill Place is anchored by Jewel Osco and features national retailers including Comcast, Dunkin’ Donuts, Mattress Firm, Subway and more.