Convenience Stores

Bentonville, Ark. -- A rare sales bump may provide the world’s largest retailer just the momentum it needs going into the important holiday season, say Wall Street analysts, as Wal-Mart reported that 3Q same-store sales rose at U.S. namesake stores for the first time in nearly two years.

 

However, Wal-Mart tempered the news with warnings that a highly promotional environment lies ahead.

 

New York -- With the signing of Capital One at 700 St. Nicholas Avenue, on the northeast corner of 145th Street, the Douglas Elliman Retail Group team of Faith Hope Consolo, chairman, Joseph Aquino, executive VP and Arthur Maglio have repositioned the retail profile of Hillview Towers, comprising the block-front that stretches along West 145th Street between St. Nicholas and Edgecombe Avenues in the Sugar Hill section of Harlem.  

Lisle, Ill. -- Glory Global Solutions found that the overwhelming majority of U.S. consumers using self-service machines (88%) have felt frustrated by the technology, this according to the company’s latest research study on the use of self-service technology.  

New York City -- Chelsea Bagel, operating on West 14th Street for the past five years, has leased its second Manhattan location.  

The retail inventory specialist firm WIS International named merchandising and marketing services veteran Jim Rose as its new president and CEO.

Rose most recently served as president of marketing services at CROSSMARK, a leading provider of marketing and merchandising services. Rose also previously served as chairman and CEO for Mosaic Sales Solutions and also held senior roles at The Nielsen Company and MPG, a global advertising and communications company.

Arlington, Virginia –- Brick-and-mortar retailers have at least one good piece of news to cheer them up this fall. U.S. same-store retail sales were up 1.3%, or $3.9 billion, in October 2014, driven by a 2.2% increase in dollars per transaction, according to data from the Applied Predictive Technologies (APT) Index and historical U.S. Census data.   

Covington, La. -- Stirling Properties’ Beezie Landry, senior sales and leasing executive, closed on the sale of three investment properties, totaling over $15 million. In each of these transactions, Landry represented the Seller.   The CVS property on Greenwell Springs Road in Baton Rouge, Louisiana is a 13,824-sq.-ft. building purchased by a private New York- based investor for $4.75 million.
  

Cincinnati -- Phillips Edison-ARC Grocery Center REIT II Inc. has acquired Laguna 99 Plaza, adding another property in California to the company's portfolio. Laguna 99 Plaza is an 89,188-sq.-ft.grocery store-anchored shopping center located in Elk Grove, California, part of the Sacramento metropolitan statistical area.    Laguna 99 Plaza is anchored by Walmart Neighborhood Market. Other national and regional tenants at the center include GNC, Metro PCS, and Goodwill.