Omnichannel

Austin, Texas -- The importance of technology is highlighted in a promotion at Whole Foods Market.

Whole Foods has promoted Jason Buechel from global VP to executive VP and CIO. As an executive VP, he is now a member of the executive management team at the company.

The concept of mobile first has been around for a while – most notably when Eric Schmidt announced Google would focus on ‘mobile first’ back in 2010. However, the concept still means different things to many different people.

It’s not far-fetched to say that mobile technologies have permeated our lives. You no longer go online, you are online and you carry it around in your pocket. Just like Dr. Michio Kaku says, “Today, your cell phone has more computer power than all of NASA back in 1969, when it placed two astronauts on the moon."

New York -- Another retailer is going from clicks to bricks.

Fast-fashion giant H&M is adding another set of initials to its aggressive expansion plans. 

Minneapolis -- Best Buy is moving further ahead in its quest to make shopping across platforms as easy as possible for consumers.

The retailer, in partnership with American Express, has integrated new technology that allows Amex card members enrolled in the Amex Membership Rewards program to use their points for online purchases on BestBuy.com.

Watsonville, Calif. – West Marine's renewed focus on omnichannel growth seems to be paying off as the specialty retailer reported a big spike in same-store sales in the second quarter.

The California-based retailer reported net income of $20.9 million, up 14% from $18.3 million the same period a year earlier.

Net revenues were $253.2 million in the second quarter ended July 4, an increase of 7.1% compared to last year. Same-store sales increased by 7%.

The company also gave an update on its growth efforts:

Online home furnishings retailer Wayfair is partnering with Sherwin-Williams on a digital tool that aims to help shoppers plan and execute their DIY projects.

Wayfair.com plans to launch a Restore & Renew DIY Hub: a custom-designed online resource that features four Sherwin-Williams Diversified Brands, including Purdy, Krylon, Thompson’s WaterSeal and Minwax, with exclusive content that will help consumers bring their DIY projects to life. 

Houston - Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, has acquired a 4.5-acre property with plans to renovate two existing buildings totaling 33,000-sq.-ft. in Atascocita, in the Greater Houston area.

The firm plans to renovate the two buildings that were constructed in 1984 to update the architecture and attract new retail tenants. Construction is slated to begin early next year. Jim Bayne with Investar Real Estate Services represented the seller for this transaction