Convenience Stores

Woonsocket, R.I. -- CVS Health is showing no signs of slowing down.

The company reported that its second-quarter net income rose 2.1% to $1.27 billion. Adjusted earnings came to $1.22 per share, beating Zacks Investment Research analyst consensus of $1.20 per share.
 
Net revenues rose 7.4% to $37.2 billion.
 

Grand Rapids, Mich. -- Meijer is on the move in Wisconsin.  

Continuing an estimated $750 million investment in Wisconsin, Meijer on Tuesday opened two more superstores in the state. The retailer announced plans to open two to three new Wisconsin locations per year through 2019.

Meijer, which now operates 222 stores, entered Wisconsin just six weeks ago, with two stores. The retailer traditionally focused its growth on five states: Michigan, Ohio, Indiana, Illinois, and Kentucky.

Marshfield, Mass. -- Brixmor Property Group has acquired Webster Square, an 182,756-sq.-ft., grocery-anchored community center located on Boston’s South Shore. Cushman & Wakefield oversaw the transaction of the Star Market-anchored community shopping center on behalf of Curtis Management.

Asheville, N.C. – Profit stayed essentially flat at Ingles Markets Inc. for the third quarter of fiscal 2015. Ingles reported net income of $13.78 million, compared to $13.83 million the same quarter the prior fiscal year.

Lower interest and income tax expenses helped Ingles keep profits steady in the face of net sales declining 3% to $945.97 million, from $978.26 million. Declining gasoline prices negatively impacted sales.

Produce? At a convenience store? It’s not as crazy as it sounds and the C-store industry’s trade group wants to help members make fresh moves the right way.

While Whole Foods and other food retailers struggle against increasingly stiff competition, Publix seems to be answering potential threats to its business with ease, if the company's second quarter results are any indication.

Seattle -- Starbucks Corp. is making good on its pledge to spur job growth among “opportunity youth,” or young people aged 16 to 24 who don’t have jobs and aren’t in school.

New York -- The Association for Retail Environments is bullish on the future.

The organization is predicting good days ahead for the U.S. economy in general and retail construction in particular. According to A.R.E.’s economic advisors, all indicators show that the 2016 economy in the U.S. will grow faster than it did in 2015. And while economic growth will slow in the back half of 2015, it will not be negative.