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Convenience Stores

  • Cedar Shopping Centers acquires Colonial Commons for $49.1 million

    Port Washington, N.Y. -- Cedar Shopping Centers said Tuesday it has closed on the acquisition of Colonial Commons in Lower Paxton Township, Pa. The property was purchased for approximately $49.1 million from affiliates of Centro Properties Group.

    The 487,000-sq.-ft. shopping center covers approximately 37 acres, is 93% leased and is anchored by Giant Food Stores. Other tenants include Dick's Sporting Goods, L.A. Fitness, Ross Dress For Less, Marshalls, JoAnn Fabrics and David's Furniture.

  • ODP to provide free tax-return copies

    BOCA RATON, Fla. -- Office Depot announced that will once again provide customers with free copies, up to 25 single-sided pages, of 2010 tax returns.

    Through April 15, 2011, customers will be able to participate in this special offer by visiting the Copy and Print Depot in any one of the more than 1,100 Office Depot retail store locations nationwide.

  • Epson thermal printer helps Friendly’s Express increase order accuracy

    Long Beach, Calif.  -- Epson America announced that Friendly's Express, a new fast-casual concept from Friendly Ice Cream Corp., is using Epson's TM-T88 ReStick thermal printer with MAXStick liner-free, biodegradable and recyclable labels to identify orders in all five of its locations. By installing an intelligent label interface into the Epson ReStick printer, Friendly's Express was able to configure its point-of-sale (POS) systems to print individual item labels for only its carryout orders.

  • Three tenants open at the new Coopertowne Center

    Somerdale, N.J. -- Purchase, N.Y.-based National Realty & Development Corp. said that GameStop, Great Clips and Go Wireless have opened at the newly renovated CooperTowne Center.

    Reopened in October 2010, CooperTowne Center is a 385,000-sq.-ft. Greyfields Redevelopment that revitalized the former Lions Head Plaza in Somerdale, N.J. The shopping center is anchored by Walmart Supercenter, a Cinemark 16-screen theater, and a LA Fitness.

  • A modest upswing in domestic expansion

    An announcement last week that Target plans to open 21 stores in the coming fiscal year was interesting on a number of levels.

    For starters, the disclosure was rather uncharacteristic for a company that in years past would publicly release its stores openings a week or two in advance of the actual openings. In this case, the company shared its full list of openings for the entire year two weeks before its new fiscal year even begins.

  • Report: Wal-Mart to open banks in Chile and Argentina

    Santiago, Chile -- A report by Santiago newspaper Estrategia said that Wal-Mart Stores is considering opening banks in Chile and Argentina.

    The report, circulated by Bloomberg, said that Wal-Mart completed a study into banking services in Argentina. In Chile, Wal-Mart operates the Presto credit card, which it acquired in the takeover of supermarket chain Distribucion y Servicio D&S SA in 2009.

  • Menchie's Frozen Yogurt opens at Eisenhower Square

    Savannah, Ga. -- Centro Properties Group said that Menchie’s Frozen Yogurt has opened a 1,215-sq.-ft. store at Eisenhower Square.

    The shopping center, located in Savannah, Ga., is owned by New York City-based Centro Properties Group.

  • Walmart Foundation donates $2 million to make food banks 'green'

    BENTONVILLE, Ark. — Walmart's philanthropic arm announced a $2 million donation to help food banks save money on energy bills.

    This funding, the Walmart Foundation said, will help 16 food banks "go green," by becoming more energy efficient through lighting, refrigeration or heating and air conditioning equipment upgrades.

    This initiative is a part of Walmart's commitment to fighting hunger. In May, Walmart and the Walmart Foundation announced a $2 billion cash and in-kind commitment through the end of 2015, including:

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