Logistics

Palm Coast, Fla. -- A transformation is underway. Branch Properties is in the midst of a $40.8 million redevelopment of the largest (and oldest) retail shopping center in Palm Coast, Florida.

Island Walk, once called Palm Harbor Shopping Center, is a 204,000-sq.-ft. center anchored by Publix Super Markets. Once completed in 2016, the upgraded retail destination will bring new and expanded tenants and amenities to the Palm Coast community in an effort to revitalize the city’s original core.  

O'Reilly Automotive reported another record-breaking quarter of financial results as the retailer revs up plans to expand its distribution network and store footprint.

The auto parts retailer reported that sales for the second quarter ended June 30 increased $188 million, or 10%, to $2.04 billion from $1.85 billion for the same period one year ago. Same store sales increased 7.2%.

This year, O’Reilly plans to add a net 205 stores, compared with 200 stores in 2014. In the latest period, it opened 34 stores.

Montvale, N.J. -- Benjamin Moore has opened a 90,000-sq.-ft. state-of the-art distribution space in the Landover Logistics Center in Landover, Maryland.

The new LEED-certified (Silver) center will accommodate expansion and enhance service in the fast-growing Mid-Atlantic and Southeast markets, as well as support distribution of an expanded line of Benjamin Moore & Co. latex products.

Milan, Italy – No matter how popular a company’s products might be, if they can’t reach consumers they won’t sell.

Global eyewear retailer Luxottica Group is recognizing this basic business fact with a new strategy to substantially increase distribution capacity in the U.S., China and Italy.

Wayfair is forming a partnership that aims to meet the basic needs of its core customers.

Boston – Wayfair is meeting the needs of customers who need to get some sleep fast. The online retailer is partnering with Mattress Firm Inc. to let customers obtain same-day premium delivery of mattresses in most markets.

Shoppers will also have access to Wayfair.com’s more than 700 customer service team members, including mattress specialists for advice and insight.

The e-commerce experience will be easier for retailers to execute and more enjoyable for shoppers this holiday season thanks to a dramatic expansion of a flexible fulfillment service UPS introduced last year.

Beijing – Chinese e-commerce platform JD.com Inc. has unveiled an enhanced version of its online enterprise procurement platform, JD Enterprise. The JD Enterprise Intelligent Procurement Platform, initially launched in late 2014, uses data-driven insights to make the procurement process more efficient for both suppliers and customers.

The new services unveiled will enable corporate customers to manage more of their procurement functions directly via JD Enterprise.