Retail

Davenport, Iowa -- Von Maur Department Store has opened its first store in the state of Alabama, at Riverchase Galleria in Hoover. The 185,000-sq.-ft. store is also one of the company’s largest locations to date.

"After opening our first Southeastern location two years ago, we couldn't be more excited to continue building on our success in the region with the addition of our first Alabama location at Riverchase Galleria," said Jim von Maur, president of Von Maur."

New printing techniques, sizes allow for greater options.

Whether it’s a high-end specialty store or a big-box discounter, flooring can go a long way toward setting the right mood — and making shoppers feel comfortable. “It’s naturally innate in us to look down at the ground,” said Nathan Lee Colkitt, CEO, Colkitt&Co., an architectural firm with offices in San Diego and New York City. “If we get the lay of the land, we feel safer and more comfortable.”

New York -- Starting in November, J. Crew consumers can take advantage of MasterPass at checkout, a digital wallet service enables shoppers to use any payment card or enabled device to unlock a simplified and speedier checkout experience whether they’re at home, in a store or on the go.

A desire to improve operational efficiency and capitalize on scale were cited as reasons for several senior level executive moves at Dollar General.

The retailer recently surpassed 11,000 units and chairman and CEO Rick Dreiling said the enhanced management structure involving Todd Vasos and David D’Arezzo would align the company for continued future growth.

As both founder of legendary 1960s rock group The Velvet Underground and as a solo artist, recently departed singer/songwriter Lou Reed was noted as a visionary and a curmudgeon. While his gruff approach to critics and fans may not be the best customer engagement template, Reed’s innovations as a musical artist offer lessons for retailers seeking success in the digital arena.

Avoiding all That Jazz

New York -- American Realty Capital Properties has acquired Cole Real Estate Investments for $11.2 billion, creating the world’s largest net lease real estate investment trust, with an enterprise value of $21.5 billion.

ARCP has secured $2.75 billion in fully committed financing from Barclays. The loan is expected to close in the first half of next year.

Updated ARCP pro forma 2014 guidance indicates that adjusted funds from operations will move from $1.13 to $1.19 per share, compared with 2013 guidance of $0.91 to $0.95 per share.

J. Crew consumers can now take advantage of MasterCard’s digital wallet service, MasterPass, at checkout. The digital wallet service enables shoppers to use any payment card or enabled device to unlock a simplified and speedier checkout experience regardless of where they are.

At presstime, construction was wrapping up on Walgreens’ new location in Evanston, Ill. The store is the drug store chain’s — and the nation’s — first net-zero energy retail store. In addition to seeking LEED Platinum certification, Green Chill Platinum certification and Energy Star Certification, it will be the showcase project in the U.S. Department of Energy’s Better Building Challenge.