eCommerce

New York -- Thor Equities has expanded its international portfolio by acquiring a retail property at 777 Saint Catherine Street in Montreal. The historical building is located on the corner of McGill College Avenue and Saint Catherine Street, in the heart of Montreal’s prime shopping corridor.

Chillicothe, Ohio -- Petland has appointed former Walmart exec Tony Samples as VP of corporate stores. Samples will lead Petland's retail store division and oversee the company's merchandising and marketing efforts.  

"Tony brings extensive retail experience to Petland at a time when Petland is expanding its retail footprint," said Petland president and CEO Joe Watson.

Matthews, N.C. – Howard Levine, CEO of Family Dollar Stores Inc., intends to reduce his holdings of company stock for the second time in a month. In an SEC filing, Levine said he will sell up to two million shares of Family Dollar stock in an effort to diversify his portfolio.

In February 2015, Levine sold about 1.77 million shares of Family Dollar stock for $134.5 million. Family Dollar is in the process of being acquired by Dollar Tree Inc.

New York -- It takes a scorecard these days to keep up with the fast-moving mobile payments industry. On the heels of Samsung’s announcement that it would roll out Samsung Pay in the United States this summer, PayPal announced it is buying mobile wallet technology start-up Paydiant.

Portland, Ore. -- X Team International announced that Oregon-based partner New & Neville has been retained by CAPREF Lloyd Center, LLC as the broker for leasing of the Lloyd Center during and following its renovation.

I recently spoke with Deepak Advani, new general manager of the IBM Commerce business unit, to get some insights on the current state of retail IT and what kinds of offerings for retail IBM Commerce is focusing on. Following are three insights from our conversation.

Hybrid Cloud is the Clear Choice

New York -- One of the most buzzed-about retailers in the country, Nadia Shouraboura, will present her singular vision of retailing in a digital age at Chain Store Age’s 51st annual SPECS Conference, March 15-17, 2015, at Sands Expo at the Venetial/Palazzo Hotel, Las Vegas.

Issaquah, Wash. - Costco Wholesale Corp. has entered into a new co-brand credit card program agreement with Citi and an acceptance and co-brand incentive agreement with Visa. Under the arrangements, Citi, an issuer of consumer credit cards, will become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express as the credit card network for Costco in the U.S. and Puerto Rico beginning April 1, 2016.