Convenience Stores

Seven weeks into her new role as chief operating officer of Walmart’s U.S. stores division Judith McKenna shared insights into her priorities for the retailer’s domestic business with a gathering of more than 400 suppliers Friday morning.

Cary, N.C. – The Pantry Inc. is heading into its pending merger with Alimentation Couche-Tard Inc. in a profitable state. During the first quarter of fiscal 2015, The Pantry reported net income of $18.9 million, compared to a net loss of $5.1 million in the same quarter a year earlier.

Matthews, N.C. – Howard Levine, CEO of Family Dollar Stores Inc., reportedly plans to sell between one and two million shares of company stock in the next 10 days. According to the Charlotte Business Journal, Levine filed his intention to make the sale with SEC.

Camp Hill, Pa. – Same-store sales rose 4.8% in January 2015 compared to the same month a year earlier at Rite Aid Corp. Front-end same store sales increased 2.9% while same store pharmacy sales, which included negative impact from new generic introductions, increased 5.7%.

Total drugstore sales increased 4.3% to $2.03 billion compared to $1.943billion for the same period the prior year. Prescription sales accounted for 70.3% of drugstore sales.
 

New York -- T2, a specialty tea store in the Shoreditch area of London, and designed by Landini Associates, of Sydney, Australia, was named Store of the Year by the Retail Design Institute, whose annual design competition recognized more than 45 retail design projects in 20-plus retail formats for excellence in design and execution. The winning projects were honored at the Institute's 44th Annual Awards Gala, at the TimesCenter Stage, New York City.

For many supermarkets, having an effective grocery shopping app is a key component of their omnichannel toolkit. But how to design it?

Retailers could learn from Favado 2.0, a redesigned version of the grocery community savings app by savings.com. The sale and coupon data in Favado 2.0 is aggregated by grocery savings experts throughout the country and presented in a new visual format.

Livonia, Mich. -- Schostak Brothers & Company has completed leases for five new tenants at its Northville Park Place property, located in Northville, Michigan.

A joint venture between Schostak Brothers & Company and REI Investment Group, the 65,000-sq.-ft. mixed-use development is set to welcome: Tom + Chee grilled cheese and tomato soup restaurant; Red Olive restaurant; Sports Clips; Gazelle Sports; and MOD Pizza.