Retail

Mexico City – Wal-Mart de Mexico reportedly plans to increase business investment 7% during fiscal 2014 as it shifts focus from opening new stores to remodeling existing stores. According to Reuters, Wal-Mart de Mexico will spend about $1.1 billion in fiscal 2014, while increasing total floor space by about 5%.

Since Office Depot completed its merger transaction with OfficeMax Nov. 5, 2013, the company has been aggressively executing its integration plan. The company’s fourth quarter results for the period ended Dec. 28, 2013 include OfficeMax’s operations, which generated $939 million of sales.

Chicago — Two new Whole Foods Market grocery stores will be coming to Shops on Main and Hinsdale Lake Commons, according to Regency Centers, the owner of both centers.

Roam, an Ingenico company and a leading mobile commerce platform provider, has expanded its mPOS solutions to include chip and PIN acceptance with the RP750x mobile card reader.

The new cloud-based solution is fully compatible with Roam’s mobile commerce platform, which supports new mPOS players with all mobile card acceptance types: magnetic stripe, NFC, chip and sign and chip and PIN.

Features of the RP750x include:

Longmont, Colo. — NewMark Merrill Mountain States has taken possession of the Dillard’s building at the former Twin Peaks Mall, a key step in the redevelopment of the center as the Village at the Peaks shopping center.

Demolition of the old Twin Peaks Mall is set to begin early in the summer of 2014, paving the way for the new shopping destination, Village at the Peaks, to open in 2015.

EveryWare Global’s board of directors has named Sam Solomon as interim CEO. Solomon is succeeding John Sheppard, who left the company this week.

Chantilly, Va. -- Hispanic consumers are outpacing non-Hispanics in their adoption of mobile, social and online sources for local shopping. According to BIA/Kelsey's Consumer Commerce Monitor study, nearly a quarter (23.6%) of Hispanic consumers reported they use tablets for local shopping, compared with 15.5% of non-Hispanics. And nearly half (48.5%) of Hispanic consumers use mobile devices for local shopping, compared with 32% of non-Hispanics.

New York – Macy's Inc.'s fourth-quarter profit increased 11%, but the chain’s sales missed forecasts as ongoing winter storms caused a sales slump in January. The company also announced plans for new Macy’s stores in Sarasota, Fla.; Las Vegas; and The Bronx, N.Y., in fiscal 2014. A new Bloomingdale’s will open in Palo Alto, Calif., to replace an older store in the same shopping center.