Convenience Stores

Los Gatos Village Square

Location: 15466 Los Gatos Boulevard, between California Highways 85 and 17 in Los Gatos, California

Size: 46,235 sq. ft.

Developer: Donahue Schriber Realty Group

Grocery anchor: Trader Joe’s

Key tenants: Pet Food Express, See’s Candies, The UPS Store, AAA Automobile Club, Baja Fresh Mexican Grill

Various forms of online sales tax legislation have been introduced in Congress over the past 15 years but none have won passage. And now there is a new proposal.     

A little over one year since it acquired rival Family Dollar, Dollar Tree reported revenue that missed Wall Street expectations amid lower customer traffic.     Dollar Tree and other discounters are also feeling the impact of a recent change by some states regarding the criteria for the Supplemental Nutrition Assistance Program (SNAP), which has made thousands of households ineligible for benefits.      

Dollar General Corp. reported lower-than-expected revenue for the second quarter amid increasing competition and reduced food stamp coverage.   The company’s net income was $306.52 million, or $1.08 per share, in the quarter, compared to net income of $282.35 million, or $0.95 per share, in the year-ago period.   Net sales increased 5.8% to $5.39 billion, compared to $5.10 billion last year.   

The world’s biggest online retailer is planning to open a drive-up grocery store in its hometown.   At least that’s according to a report by GeekWire, which said Amazon plans to renovate a site in Seattle’s Ballard neighborhood into a 9,759-sq.-ft. retail space where shoppers can pick up groceries that they ordered online.  

Shopko Stores confirmed Monday that executive VP of retail at Andre Persaud has left the company.

According to the United States Secret Service, there are $ 1 trillion bank notes in circulation. Of this, $2.5 billion is fake. In 2013, U.S. authorities recovered $89 million in counterfeit money. Unfortunately, this is not good news for businesses as these statistics affect them in a major way.   

Alimentation Couche-Tard Inc. is expanding its U.S. portfolio yet again.   In its biggest acquisition to date, the Canadian convenience store retailer has agreed to buy CST Brands Inc. for $48.53 per share in cash, with the total deal valued at $4.4 billion, including debt.   Couche-Tard operates more than 12,000 locations globally under several brands, including Circle K. Last year, Couche-Tard acquired The Pantry for about $1.7 billion, including debt, adding more than 1,500 stores to its U.S. footprint.