Retail

The first OfficeMax Business Solutions Center arrived in Chicago on Wednesday following the small format store’s introduction earlier this year in Milwaukee.

Naperville, Ill. -- OfficeMax Inc. announced the opening of its first Chicago-area Business Solutions Center format, with a 3,900-sq.-ft. location in the Streeterville neighborhood.

CHARLOTTE, N.C. — Snyder's-Lance has acquired all assets of Stateline Service Corporation, a snack food distributor in Massachusetts, as part of its growth initiative. 

Foothill Ranch, Calif. -- The Wet Seal Inc. swung to a profit in the second quarter, reporting net income of $1 million, compared to a net loss of $12.4 million a year earlier. The retailer also announced it is introducing its Wet Seal Plus Collection, previously available only online, to 36 stores, on Aug. 30.

In addition, net sales totaled $137.2 million, up about 1% from $135.3 million in the second quarter of 2012. Same store sales grew 3.7%, while e-commerce sales remained flat. Overall results were in line with Zack’s consensus estimates.

FORT MYERS, Fla. — Chico's FAS’s financial results for the second quarter ended Aug. 3 were affected by a lower transaction count and average dollar sales, primarily because of lower traffic and the cycling of strong comparable sales last year.

The company reported net income of $43.6 million for the quarter — a decrease of 18.4% compared to $53.4 million in the year-ago quarter, and earnings per diluted share of $0.27, a decrease of 15.6% compared to $0.32 per diluted share in the year-ago quarter.

Bayer Properties has announced that it will develop a third member of its signature Summit property brand: The Summit Lexington, a mixed-use shopping destination located in the Lexington, Kentucky’s retail hub. An outdoor fashion center, The Summit Lexington will offer specialty retail, restaurants and residences.

Seattle – Amazon.com has introduced the Mobile Associates API for Kindle Fire and other Android devices, enabling developers to sell physical and digital items from Amazon.com within their apps and games. Developers and members of the Amazon Associates program (the API is technically an extension of the program) can now sell a single item from within an app or game, showcase a category of goods, or bundle the purchase of physical goods with the purchase of digital goods.

St. Louis — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of the 112,300-sq.-ft. South Oaks Plaza located in St. Louis for $9.5 million to Phillips Edison-ARC Shopping Center REIT Inc. Shop’n Save, Walgreens and Michaels anchor the center.

Mid-America

and Pace Properties represented the seller, a private St. Louis based investment group.