Convenience Stores

San Francisco - Retailers in the U.S. including Dunkin’ Donuts, Fandango, Sundance Catalog and Williams-Sonoma will now offer Visa Checkout, the online checkout service from Visa Inc. In addition, Pizza Hut, Ticketek and Bonds will offer Visa Checkout in Australia; and Indigo, Roots, Running Room and Simons will offer the service in Canada.

Beaverton, Ore. - Richard King, former president and COO of Albertsons Inc., has been elected to the Digimarc board of directors. His 45 years of retail, consumer products and food industry experience will provide advice Digimarc expands its involvement in the retail industry with its barcode technology.

New York - Digital ad spending in the U.S. will total $58.61 billion this year, and retailers' ad outlays will comprise 22% of that figure, or $12.91 billion, by far outpacing all other U.S. industries. According to new figures from eMarketer.

Retailers will spend nearly twice as much as any other industry on mobile advertising in 2015, and the sector's $6.65 billion will represent 23.2% of the $28.72 billion that advertisers in the U.S. will spend to reach consumers on mobile devices this year.

Washington, D.C. - The Obama Administration’s plan to revise federal overtime regulations would likely “hollow out” low- and mid-level management positions in the restaurant and retail industries and result in a shift toward more hourly and part-time workers, according to a new National Retail Federation (NRF) report. The report, "Rethinking Overtime," found that the proposal could cost retailers millions of dollars in added costs and would disproportionally impact retailers operating in rural states.

Bentonville, Ark. – Declining gas prices helped U.S. same-store sales at Wal-Mart Stores Inc., but the negative impact of foreign currency exchange and efforts to improve store experience and employee wages dampened total sales and operating profits.

Washington, D.C. – Summertime is almost here, and consumers are planning to give the easy and convenient present of a gift card. More than 70% of shoppers will be giving gift cards this spring and summer during the assortment of gift-giving holidays that are approaching, including graduations, Father’s Day, and weddings.

New research from the Retail Gift Card Association (RGCA) also confirms that the gifts remain popular with recipients as well, with 95% of consumers hoping to receive gift cards this spring and summer season.

Columbia, Md. – The Howard Hughes Corp. has signed several retail and restaurant leases for the public promenade at The Metropolitan Downtown Columbia, a new luxury apartment community located in Columbia, Maryland. As part of the transformation, The Howard Hughes Corp. recently completed the renovation of the historic Rouse Building into a flagship Whole Foods Market and a 27,000-sq.-ft.luxury spa and wellness center, as well as kicked off a multi-stage renovation of Merriweather Post Pavilion.

Lower gas prices led to improved traffic and a 1.1% same store sales increase at Walmart’s U.S. stores division, but total company performance suffered under the weight of a $3.3 billion foreign exchange impact and expense pressures which caused profits to decline 7%.

Online grocery delivery service Instacart has had to add boats to its fleet of vehicles now that the growing company has decided to launch in Miami.

Customers in Miami can now order from Whole Foods Market, Costco, Winn-Dixie, BJ'S Wholesale Club and Petco stores and have everything delivered by Instacart in as little as one hour. Instacart customers do not need a Costco or BJ's membership to shop from those stores.

Boston – 7-Eleven Inc. has as agreed to acquire Tedeschi Food Shops Inc.'s approximately 182 convenience stores in the greater Boston area and in New Hampshire. The transaction is anticipated to close in mid-2015, subject to standard closing conditions and regulatory approvals.  

Terms of the deal were not disclosed. 7-Eleven expects to extend job offers to most Tedeschi Food Shops employees who are affected by this acquisition. Currently, 7-Eleven operates and franchises 164 stores in the greater Boston area and New Hampshire.