eCommerce

Cincinnati -- Phillips Edison Grocery Center REIT II and TPG Real Estate announced the formation of a partnership to acquire high-quality, value-added grocery-anchored shopping centers throughout the United States. The Partnership will invest up to $250 million of equity and plans to leverage this capital to achieve a $750 million acquisition target.

Apple Pay may finally be getting ready to move beyond mobile apps into the world of mobile browsers. According to Re/Code, Apple has been quietly notifying potential partners that the mobile payment service will be available via the Safari browser on iPhones and iPads that are equipped with Apple’s TouchID fingerprint technology, before the 2016 holiday season. This would directly compete with a similar browser-based mobile payment service offered by PayPal.

Houston -- Thor Equities announced Lowe’s Companies will build a 100,000-sq.-ft. home improvement store at The Shoppes at Cinco Ranch located in Katy, Texas. The company is in the process of developing the 35-acre property, which will include retail stores and restaurant spaces. The property is anchored by Walgreens, with Kroger and Academy Sports + Outdoors located across the street.

Ethnic grocery chain H Mart is expanding its partnership with Instacart nationally.

Lyndhurst, New Jersey-based H Mart, which operates more than 45 U.S. and Canadian stores, specializes in Asian grocery products. H Mart is now offering Instacart deliveries in as little as one hour to consumers in Philadelphia. Coming soon, the retailer will also offer Instacart services in markets including Orange County, Washington, D.C., suburbs, Atlanta, Chicago suburbs, Los Angeles, and Houston. Instacart prices will match H Mart in-store prices.

E-commerce platform Shopify wants to help retailers engage customers, regardless of location or platform.

Having already launched integrations with major social networks such as Facebook, Twitter and Pinterest, Shopify is branching out in a big way. The company is allowing developers to build new connections it calls “sales channels,” which can include links to apps, platforms and digital marketplaces.

Tacoma, Wash. -- Vestar announced that it has acquired James Center located in Tacoma, Washington, for $31.4 million.

The 140,240 sq. ft. center is located directly across from Tacoma Community College, which enrolls nearly 14,000 students per year. James Center is anchored by Fred Meyer and Rite, as well as feature tenants: Starbucks, Subway, Verizon, Menchie’s, U.S. Bank, IHOP, FedEx Kinko’s and Ivar’s.

Francesca’s says its fourth quarter financial results show that the retailer's growth initiatives are bearing fruit, as the company posted a big jump in same store sales over the holidays.

For the fourth quarter ended Jan. 30, same store sales at Francesca's increased 11%. Net sales increased 25% to $134.6 million from $107.6 million in the prior year quarter. Net income totaled $14.7 million, compared to $6 million in the comparable prior year period.