Convenience Stores

Walgreens and its Duane Reade subsidiary on Tuesday inked a deal with Postmates that will provide urbanites across 30 markets on-demand delivery service fulfilling all their health, beauty and wellness needs, Postmates announced.

This marks a same-day delivery first for a cutting-edge retailer like Walgreens, though Postmates has been delivering goods from the likes of Starbucks, Chipotle, McDonald’s, Apple, Etsy and 7-Eleven for some time now. Customers utilizing the service will be charged a flat introductory delivery fee of $4.99 for a limited time.

Organized crime is on the rise — and it’s taking a heavy financial toll on the nation’s retailers.

Retailers on average report they lost $453,940 per $1 billion in annual sales over the past year due to organized crime, according to the National Retail Federation’s 11th annual Organized Retail Crime Survey, which put a $30 billion price tag on the problem.  

A red-hot real estate market and sky-high property values have some retailers, including Macy’s and more recently, McDonalds, feeling the pressure to cash in on the value of their real estate assets. How? By spinning off store properties and/or land assets into a REIT and entering into a lease-back deal.

Bentonville, Ark. – Five Walmart stores in central Florida are reportedly getting ready to serve the needs of hungry customers.

Cincinnati -- For almost 12 years, Kroger has reported same-store sales growth every quarter. And they did it again Friday.

The supermarket giant reported net earnings of $433 million, or $0.44 per diluted share, and identical supermarket sales growth, without fuel, of 5.3% in the second quarter of fiscal 2015.
 

For nearly 12 years, Kroger has reported sames-store sales growth every quarter. And they did it again Friday when they reported a jump in sales, as well as an increase in profit for the second quarter.

Rite Aid associates plan to honor 274 students who have been named recipients of Folds of Honor educational scholarships provided by the Rite Aid Foundation’s KidCents program.

Kroger on Thursday announced the appointment of four EVPs to lead key lines of business.