eCommerce

Boca Raton, Fla. – Real estate investment firm The Herrick Company Inc., has acquired 44 retail/pharmacy properties located throughout the U.S. The properties, all of which are occupied under long-term triple net leases with CVS Caremark, were acquired for approximately $190 million.

Amazon continues to power ahead with record first quarter sales, solid bottom line improvement and intriguing new initiatives to drive future performance.

Sales increased 23% to $19.7 billion during the quarter ended March 31, compared to $16 billion the prior year. The sales figure was comprised of product sales which grew 18.3% to $15.7 billion and service sales which grew 44% to slightly more than $4 billion. The company’s fulfillment costs increased 29% to $2.3 billion.

Irving, Texas — Yogurtland has signed a lease for 1,242 sq. ft. at Mansfield Crossing in Mansfield, Texas.

WindStar Properties represented the landlord, Mansfield Matlock Partners, in the transaction.  Transwestern Retail represented Yogurtland.

As retail executives, our people come first: finding, training, mentoring, helping them grow to get to the next level and realize a fulfilling career in an industry we love. Our people are absolutely crucial to delivering on customer expectations. And, as we all know, those expectations only continue to rise.

Atlanta -- Boutique accessories and jewelry designer Kendra Scott will add two new Atlanta-area stores – one in Buckhead at The Shops Around Lenox, and the other in Alpharetta, at the Avalon Center.

The Shops Around Lenox store opens April 26, and will feature an interactive Kendra Scott Color Bar, where customers can design and personalize one-of-a-kind jewelry.

The Avalon Center store in Alpharetta is slated to open fall 2014.

Canadian Tire plans to manufacture digital innovation at a new “App Factory,” that is part of the retailer’s recently open Cloud Nine Digital Innovation Centre.

Located in Winnipeg, Manitoba, the 28,000-sq.-ft.- facility serves as the core digital hub for the Canadian Tire family of companies and a store network of roughly 1,700 locations. The center will possess 20 times more computing power and 10 times more network bandwidth than the company’s existing technology infrastructure.

Beatrice Lafon was named CEO at specialty retailer Claire’s Stores following the release of fourth quarter results and a steep slide in same store sales.

Dublin, Ireland – Discount fast-fashion retailer Primark, the Dublin-based subsidiary of U.K. retail and consumer group Associated British Foods, plans to enter the United States, opening a location in Boston. The 70,000-sq.-ft. store will open at the end of 2015 and be on the site of the former Filene's department store in the city’s downtown area.