Store Systems

Mooresville, N.C. -- Lowe’s Cos. president and chief operating officer, Larry Stone, will retire June 2, after 42 years with the company. Lowe’s doesn’t plan to fill the vacancy.

Stone has served in virtually every leadership position within store operations, merchandising and store environment during his career.

Lowe’s also announced the following promotions within merchandising, store operations and strategic planning:

By Dave Mesko, [email protected]
It’s a shopper’s market. Today, consumers have an array of options when it comes to shopping and no longer have to remain loyal to one store. In order to grow and sustain loyal customers, it’s important that retailers provide a safe environment for shoppers.

Indianapolis -- Simon Property Group said Wednesday that, effective Feb. 1, it will assume leasing, management and marketing duties at The Shops at Montebello, a Los Angeles-area shopping center.

The Shops at Montebello is a regional enclosed mall built in 1985 with approximately 758,000 sq. ft. The center is home to over 160 retailers and is anchored by Macy's, Macy's Home, J.C. Penney and Forever 21.

Camp Hill, Pa. — Rite Aid on Thursday morning posted a same-store sales increase of 1.1% for the four weeks ended Jan. 22, including a 2.2% lift across the front-end and growth of 0.6% in pharmacy comparable sales.

Prescription count at comparable stores was flat compared with the prior-year period.

Total drug store sales were $1.9 billion, which is flat as compared with the same period last year. Prescription revenue accounted for 69.1% of drug store sales, and third-party prescription revenue represented 93.3% of pharmacy sales.

Irving, Texas -- NEC Corp. of American announced that OXXO, the largest convenience store chain in Latin America, has selected NEC’s new point of sale hardware platform, TWINPOS 4500 as its standard.

With more than 8,000 stores strategically located throughout Mexico and Colombia, OXXO offers convenient services and products, 24-hour service in most areas and a fast and comfortable shopping experience.

New York City -- BJ’s Wholesale Club has selected Premier Retail Networks to provide high-quality, 1080p video programming for BJ’s in-club television department. 

New York City -- Mobile technology ranked as the most important priority for retail in 2011, according to a recent online poll by Retail U. The respondents were asked to base their results on their key takeaways from the National Retail Federation’s 100th Annual Convention & Expo, in New York City.

Morrisville, N.C. -- Lowe's Cos. announced Tuesday that it is laying off approximately 1,700 middle managers across the United States in an effort to cut costs as its profit trains rival The Home Depot. The retailer also plans to add 8,000 to 10,000 weekend sales assistants to improve staffing during its stores’ busiest times.