Convenience Stores

Coach has appointed David Denton, EVP and CFO of CVS, to its board.

The company also appointed William Nuti, who was named chairman, CEO and president of NCR Corp., to the board. The appointments of Nuti and Denton brings to 11 the number of board members.

Sioux Falls, S.D. – A retail center is being planned for Sioux Falls, South Dakota. According to the Argus Leader, preliminary plans for the Market at Canyon Creek Development include two 17,000-sq.-ft. retail buildings and include a drug store, three restaurants and a bank.

Owner RMB Associates hopes to have the site developed by 2016. A Get N Go convenience store is also planned for the northeast corner of the site, which is owned by Olson Oil Co.

By Ron Chan, director of marketing, Posiflex USA

Los Angeles -- The Coffee Bean & Tea Leaf has named Karen Cate as CFO and Jeff Schroeder as VP operations.

Cate most recently served as the VP controller of Trader Joe's Company, where she was responsible for the integrity of financial processes and reporting for the retail grocery store, warehouses, and distribution operations.

Schroeder brings more than 30 years of experience with large multi-unit operations in the restaurant industry. He most recently served as VP brewery restaurants for Karl Strauss Brewing Company.

St. Petersburg, Fla. — On the eve of RECon 2014, The Sembler Co. is gunning its development, property management and acquisition motors. The company has more than 2.8 million sq. ft. in various stages of ground-up development. Its leasing and retention rates are at the highest levels in years. And the company’s acquisition program is active as well.

On the development side, Sembler and partner Lennar Commercial are in the predevelopment stage of an 800,000-sq.-ft. regional shopping center called Town Madison in Madison, Alabama.

Phoenix - DM Analytics, a provider of retail-focused software solutions, has added a Tag and Sign system to a comprehensive application suite that also incorporates ordering, receiving, shelf price audit and inventory modules. The system is aimed at supermarkets, drug stores, dollar stores, hardware, consumer electronics/appliances, furniture/home furnishings, liquor, auto parts, hobby/crafts, pool supply, and other hardlines retailers.

Atlanta - Consumer year-over-year spending growth of 4.1% gained momentum in April 2014 compared to the prior month’s growth of 3.1%, driven by warmer weather as well as the Easter shift into April this year, according to First Data SpendTrend analysis. The report, which tracks same-store point-of-sale data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million merchant locations serviced by First Data, shows transaction growth of 3.5% in April,  compared to March’s 2.7% growth.

Cambridge, Mass. -- An ongoing debate in retail is whether it’s a better strategy to use markdowns or everyday low prices. Research by MIT Sloan School of Management visiting professor Özalp Özer and his colleague Karen Zheng at MIT Sloan supports basing pricing strategy on consumer behavior compared to a one-size-fits-all approach.