Convenience Stores

The pharmacy services segment helped CVS Health post a $10.3% increase in net revenue in the third quarter.

Consumers in Columbus, Ohio, are being given a new option for mobile payment.

CurrentC, the mobile payment application from retailer-backed consortium Merchant Commerce Exchange, is now being piloted at stores in Columbus. Major retailers currently participating in MCX include Walmart, Sam’s Club, Sears, Target, CVS and Kmart.

MCX briefly announced the Columbus beta test on the CurrentC webpage, with few details. Reuters reports that 12 major retailers are testing the service at 200 store locations, and the test may be expanded in early 2016.

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.

Swiss Farms Stores has come a long way since it launched 50 years ago as an outlet for a local dairy to sell excess milk.

Today, the Broomall, Pennsylvania-based convenience retailer operates 13 stores on a drive-through model where customers place orders from their cars in an express lane and have items quickly delivered to them at the window. And it isn’t done growing.

A retail real estate firm has confirmed that Target is in the final planning stages for two new stores in the Center City section of Philadelphia.

The two stores will be what the company calls a “flexible format Target,” which has a smaller footprint than a typical Target store and looks to fit into the (mostly urban) neighborhoods in which they are located.

Retail is a lot like real estate – it’s all about location, location, location.

At least this is the conclusion of the fourth annual Mobile Path to Purchase study from location-based marketing provider xAd. The 2015 report reveals that 35% of U.S. shoppers who researched their impending purchases on their mobile device expect to buy within the hour.

In addition, those who research goods and services on the go are nearly twice as likely to purchase within the hour than those at home, and have a greater likelihood to convert in store.

Fresh on the heels of its announced $17.2 billion acquisition of Rite Aid, Walgreens Boots Alliance reported fourth-quarter net earnings of $26 million Wednesday — compared to a $221 million loss during the same period last year — and finished significantly ahead of analyst expectations. Net sales climbed almost 50% to $28.5 billion during the quarter, which ended August 31.

The latest case of reported retail POS fraud highlights the need for EMV adoption.

Regional convenience chain Casey’s General Stores Inc., which operates 1,887 stores in 14 states, has confirmed that credit card skimming devices were discovered at six of its stores in Nebraska and one store in Iowa.

Pickerington, Ohio -- Stark Enterprise announced the addition of The Shoppes at Stonecreek located in Pickerington, Ohio to its retail portfolio. The 45,000 sq. ft. center is currently 100% occupied, 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.

Kroger customers who don’t have time to do their own shopping have another option.

At its investor meeting, Kroger officially announced the name of its click & collect program – “ClickList.” Click & collect lets customers select (and in many cases pay) for groceries online. Store employees then gather the items off store shelves for convenient customer pickup.