Convenience Stores

Sidney, Neb. - Cabela’s Inc. has signed an amended credit facility with a consortium of financial institutions led by U.S. Bank. This $775 million, five-year credit facility expands and extends Cabela’s existing $415 million, five-year agreement signed in 2011.

In addition, the facility may be increased to $800 million subject to certain terms and conditions.

Boulder, Colo. — Kroger is the highest ranked gasoline retailer for customer satisfaction among American consumers. According to a new study of 5,300 consumers from Market Force Information, Costco and Quik Trip tied for second, Sam’s Club ranked third, and Murphy USA, which operates standalone stations and on-site stations at Walmart Supercenters, was fourth.

Crowdsourced grocery delivery provider Instacart is already putting the $44 million in funding from big name Silicon Valley investors that it received a little more than a week ago to good use. The company has this week launched its one-hour grocery delivery service in Denver and Atlanta.

When it comes to display merchandise solutions, most retailers are looking for more space and versatility. Uniweb has dedicated itself to providing both since making its debut in 1970. Company president Cindy Davidson discussed general trends in fixturing and what sets Uniweb, which prides itself as a made-in-America manufacturer, apart from the competition.

 

Washington, D.C. - CVS Caremark and Walgreens have both been honored by the National Business Group on Health, a non-profit association of large U.S. employers, for promoting a healthy work environment and encouraging employees and their families to maintain healthy lifestyles. CVS Caremark received a Gold Award for its WellRewards employee wellness program, while Walgreens received a gold award for its “You and Walgreens” company wellness program.

Toronto - Slate Retail REIT has entered into a binding agreement to purchase North Summit Square, a 99% occupied, 224,530-sq.-ft. grocery-anchored shopping center in Winston-Salem, North Carolina, for $15.8 million. The property is anchored by Sam's Club.

"We are very excited to announce our first acquisition since listing on the TSX," said Blair Welch, CEO of Slate Retail. "We see several further opportunities to make accretive acquisitions of grocery-anchored centers in attractive markets."

 

Retailers employing variety of solutions to reinvent the checkout

The store is generally considered to represent the “last mile” of the retail supply chain. In recent years, retailers have focused on making this final, crucial step as easy and convenient for customers as possible.

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