Convenience Stores

Retail in Motion
Mobile technology is increasingly being used in all areas of the enterprise to create a truly seamless customer experience that starts in the back office and extends across all touchpoints. Samuel Mueller, CEO of Scandit, developer of a software-based barcode scanning solution and suite of mobile apps, recently discussed with Chain Store Age how mobile solutions are affecting every part of the retail enterprise.
Best of the Best: Top CEOs
To some folks, he’s an innovator, a genius who has fundamentally transformed the retail equation. To others, he’s a bully. And now Jeff Bezos has a new label: the world’s best-performing CEO.

The designation comes way of the Harvard Business Review’s 2014 ranking of the 100 best-performing CEOs. The list offers the only ranking of global CEOs’ performances over their entire tenure.

Retail Rap: Digital Walleting

It has been fascinating to watch the back and forth in recent weeks as competing systems for mobile payment have suddenly been grabbing headlines and jockeying for space in the public consciousness.
PwC: Retail and consumer mega deals hits seven year high in Q3

New York -- Retail and consumer merger and acquisition activity in the United States during the third quarter of 2014 was driven by the highest volume of mega deals (deals with a value of over $1 billion) in at least seven years, leading to overall transaction value jumping significantly during the quarter when compared to the year ago period, according to PwC’s U.S. retail and consumer deals insights Q3 2014 report.
CVS Q3 revenue up 10%

Woonsocket, R.I. -- CVS Health Corp. on Tuesday reported slightly higher-than-expected quarterly profit, helped in part by growth in sales of specialty drugs. Net income decreased 24% to $900 million from $1.21 billion in the year-ago period, primarily due to a $521 million pre-tax loss on the early extinguishment of debt.
Report: Wal-Mart to reappoint Price as Asia CEO

Bentonville, Ark. -- Wal-Mart Stores Inc. is reportedly reappointing Scott Price as president and CEO of its Asia business. According to Bloomberg, Wal-Mart will let Price, who previously held the position from 2009 until June 2014, work from the retailer’s U.S. headquarters.
Generic utilization lifts CVS Health in Q3

Tailwinds from specialty pharmacy and increased generic utilization lifted CVS Health up on Tuesday, as the company posted net revenues of $35 billion, representing an increase of 9.7% for the three months ended Sept. 30.
CBRE arranges Plano retail center sale

Dallas -- CBRE Capital Markets’ Retail Investment Properties team announced the sale of Towne Square Shopping Center in Plano, Texas. Dallas-based Norman J. Hoppenstein purchased the retail center from an undisclosed seller.
WinCo opens two new stores Nov. 6

Boise, Idaho-- WinCo Foods LLC will open two new stores on Thursday, Nov. 6. One store will open in Lewiston, Idaho and one will open in North Richland Hills, Texas. The Lewiston store is 59,400-sq.-ft. in size and will initially employ about 100 individuals, 90 of whom have been hired locally.
Tech Guest Viewpoint: 2014 -- The Year of Hyperlocal Mobile Advertising

By Jeremy Geiger, Retailigence The headline is bold, but yes, 2014 is the year of hyperlocal mobile advertising, and there are three very important trends converging today to make this happen. The first is smartphone proliferation; according to eMarketer, smartphone users worldwide will total nearly 2 billion in 2014.
Retailers at fault for making America fat

While hunger relief organizations are quick to point out that one in six American’s suffer from “food insecurity,” the Center for Science in the Public Interest is deriding retailers’ for contributing to the nation’s obesity epidemic.
Rent-a-Center volunteers for #RetailFightsEbola effort

Nashville, Tenn. –- Rent-A-Center has offered to pay for the shipping of the first container of relief supplies as part of the #RetailFightsEbola campaign. RetailFightsEbola is a campaign to combat the spread of Ebola in Liberia launched by Retail Orphan Initiative (RetailROI). The campaign is rallying retailers, manufacturers and individuals to provide much needed medical and hygienic supplies to Liberia.