Convenience Stores

Beachwood, Ohio – During third quarter 2014, DDR Corp. closed on the acquisition of eight prime power centers and the sale of seven operating assets and two land parcels, totaling $699 million of executed transactions. Seven of the eight power centers that the company acquired were purchased for $377 million at DDR's share from a joint venture formed with Blackstone Real Estate Partners VII L.P. in August 2013.

Coventry, England -- Cummins Allison, a leading provider of coin and currency handling solutions, announced that its customer, British grocery giant Tesco, has deployed self-service coin machines, enhancing customer service and solving a key space problem across multiple store locations in the U.K.

New York -- It’s official: California Governor Jerry Brown on Tuesday signed legislation for the nation's first statewide ban on single-use plastic bags at supermarkets, drug stores and select other retail outlets.

"This bill is a step in the right direction — it reduces the torrent of plastic polluting our beaches, parks and even the vast ocean itself," Brown said in a signing statement. "We're the first to ban these bags, and we won't be the last."

Bentonville, Ark. – Walmart  is testing a concept where shoppers order their groceries online, schedule a pick-up time, and then pick up their order at the Walmart Pick-up Grocery depot in as little as two hours without having to leave their car, according to local CBS affiliate KFSM-TV 5News. Shoppers also can schedule a pick-up three weeks in advance. The pilot Pick-Up Grocery location is in the chain’s hometown of Bentonville, Arkansas.
 

New York  -- The outlook for retail in the Northeast remains quite positive, with demand from national, local and franchise companies across a broad range of categories, according to Levin Management.

Dallas - 7-Eleven has selected the Raid 7 software solution from WeDo Technologies for the retailer's Mexican operations. With more than 1,700 stores across the country, 7-Eleven México needed an enterprise business software suite to deliver end-to-end visibility and control of its retail processes; analyzing and identifying risks and monitoring and controlling deviations.

Eden Prairie, Minn. – Supervalu Inc., which reported an intrusion into the portion of its computer network that processes payment card transactions at some of its retail food stores on Aug. 14, is reporting the discovery of another breach.

Just a little more than a month after Supervalu announced a data breach, the company has confirmed a second malware attack on its payment systems.

On Aug. 14, Supervalu announced that it had experienced a criminal intrusion into the portion of its computer network that processes payment card transactions at some of its retail food stores, including some of its associated stand-alone liquor stores, but not including its Save-A-Lot stores.

By Matthew K. Harding, president, Levine Management

Moving into the final months of 2014, the outlook for retail in the Northeast remains quite positive. We are seeing demand from national, local and franchise companies across a broad range of categories.
 

Chicago – Retail is the top industry targeted for data breaches. According to the 2014 Global Security Report from cybersecurity provider Trustwave, retail made up 35% of attacks Trustwave investigated in 2013.

Food and beverage ranked second at 18% and hospitality ranked third at 11%. In addition, POS breaches accounted for 33% of Trustwave’s 2013 investigations, while e-commerce made up 54% of assets targeted and data centers comprised 10% of assets targeted. The median number of days from initial intrusion to detection was 87 days.