Convenience Stores

Sidney, Neb. — Cabela’s Inc. plans to enter three new markets in 2015 and 2016. The retailer will open new stores in Ammon, Idaho; Short Pump, Va.; and Fort Oglethorpe, Ga.

Bentonville, Ark. — Wal-Mart is reportedly halting its Indian expansion plans, at least for now. According to the Financial Times, Wal-Mart has not opened any new cash-and-carry stores in India since October 2013 or any new convenience stores there since November 2013.

New York City — Gourmet Garage, an upscale market with five Manhattan locations, has signed a lease for a sixth Manhattan location at Collect Pond House, a co-op building at 366 Broadway.

The market will occupy approximately 6,435 sq. ft. on the ground floor and 3,510 sq. ft. in the lower level. An additional 910 sq. ft. in the mezzanine will provide seating.

Atlanta -- Consumer spending growth declined from December to January, but remained relatively healthy at 2.5%, according to First Data’s January 2014 SpendTrend report. SpendTrend tracks same-store point-of-sale data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million U.S. merchant locations serviced by First Data. The report cited the severe winter weather that pummeled the Midwest and eastern half of the country as a factor in the decline.

Ankeny, Iowa -- Casey’s General Stores announced that it has signed an agreement to acquire 24 Stop-n-Go locations. Twenty of the stores are located in North Dakota and four are located in Minnesota.

With usage of electronic cigarettes on the rise, a new study by e-cig manufacturer Mistic contends the majority of Americans are not opposed to second hand vapor.
 

Virginia Beach, Va. — Lowe’s Home Center has sold a 13.5-acre property to a private developer based in Virginia Beach for $9 million. Divaris Real Estate represented the seller, Lowe’s, in the transaction. Located one mile north of The Town Center of Virginia Beach, was once a neighborhood grocery-anchored shopping center. Lowe’s Home Center purchased the property in 2007, clearing and preparing it for future development. The new buyer plans to build another shopping center or mixed-use development on the site.

New York — Industry veteran Thomas has Kornitzer officially joined Winick Realty Group N.J., where he will serve as senior director in the company’s Cranford, N.J., office. Kornitzer will direct both landlord and tenant accounts, specifically working with such exclusive clients as Safeguard Self Storage, Pep Boys and Wendy’s.

San Bernardino, Calif. -- Stater Bros. Markets has appointed Michael Reed to the position of senior director real estate.

Reed has over 13 years of retail real estate experience and has held various leadership positions with other retailers. He most recently served as real estate store development manager for Starbucks and was responsible for growing the company’s Mid-West and Western Mountain Regions.  

Woonsocket, R.I. – CVS Caremark reported strong performance in both earnings and revenues for both the fourth quarter and fiscal year 2014. The chain also raised its guidance for the first quarter.

CVS said net income during the quarter ended Dec. 31,2014, rose 12.5% to $1.26 billion from $1.12 billion in the year-ago quarter. For the full year, income rose 19% to $4.59 billion, from $3.86 billion.