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Convenience Stores

  • Project 100 to intensify grocery competition

    Smart & Final celebrated the one year anniversary of its public stock offering by telling investors a growth story about differentiation and new store expansion.
     
    Smart & Final, a uniquely positioned operator of 266 warehouse style stores, has plans to open 100 new stores in the Western United States during the next four years. CEO Dave Hirz dropped that bombshell while he and other senior members of the company were at the New York Stock Exchange to ring the opening bell to commemorate the one year anniversary of the company’s listing.

  • Google unveils new mobile payment service, Android Pay

    New York -- Apple Pay will soon have a rival. Google Inc. is launching a successor to Google Wallet called Android Pay, for Android phones running KitKat and above, PC World reported. It will be available in over 700,000 stores, including Macy’s, Bloomingdale’s, and McDonald’s locations.

    For the full story, click here.

  • Survey: Customers notify retailers – leave us alone

    Marketing experts routinely advise retailers to send customers notifications, such as emails and texts, informing them of discounts or following up on purchases and site visits. But such notifications may be doing more harm than good.

  • 7-Eleven pays the bills

    7-Eleven Inc. is targeting cash-using consumers with a new mobile bill payment service. The convenience retailer is partnering with financial services technology company PayNearMe to launch the 7-Eleven Bill Pay app.

  • Starbucks mobilizes customers nationwide

  • Target’s Cornell tasty addition to YUM board

    A little over a year into his tenure as Target’s chairman and CEO, Brian Cornell has added new responsibilities as a member of the board of directors at KFC, Pizza Hut and Taco Bell parent company Yum! Brands.
     
    Cornell’s appointment to the Yum board comes 13 months after he was named to the top job at Target and just three months after Target sold its pharmacy business to CVS Health for $1.9 billion. The latter is noteworthy because two executives with strong ties to CVS Health serve on Yum’s Nominating and Governance Committee.
     

  • Retailers to get tax relief for store remodels/improvements?

    Two bills passed by a key House committee would help retailers save on store remodeling and improvement costs upfront.

  • Rite Aid beats street in Q2, adjusts guidance

    Rite Aid on Thursday reported $7.7 billion in revenue for its fiscal second quarter ended Aug. 29, representing an increase of 17.5%. Retail pharmacy segment revenues were $6.6 billion and increased 1.9%, primarily as a result of an increase in same-store sales. And pharmacy services segment revenues were $1.1 billion from the date of the acquisition of EnvisionRx — June 24 — through the end of the quarter. 

  • Report: How ready are U.S. retailers for EMV? Not very.

    The overwhelming majority of merchants are not ready for the shift to EMV. 

    Only 27% of U.S. merchants will be EMV-ready by the October 1st liability shift, down from the 34% estimated in March, according to a survy by The Strawhecker Group (TSG).

    By December 2015, 44% of U.S. merchants are expected to adopt EMV, however EMV-readiness will not reach a threshold of least 90% until 2017— more than 15 months after the shift.

  • Walmart expands grocery pickup service

    On the same day Target launched a pilot<span st

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