News

Circle K Stores Inc., a division of Alimentation Couche-Tard, has purchased 62 convenience stores in nine states from Dallas-based Greatstone Equities Inc., according to the Greater Baton Rouge Business Report.

The deal includes locations in Arizona, California, Florida, Louisiana, Nevada, New Mexico, North Carolina, Texas and Washington, the report said.

Rite Aid last week reported a same-store sales decrease of 0.1% for the four weeks ended Dec. 26. December front-end same-store sales increased 0.8% while pharmacy same-store sales, which included an approximate 207 basis points negative impact from new generic introductions, decreased 0.6%.

Despite the report of relatively flat sales, Rite Aid stocks were up on Dec. 31, reaching a peak of $7.89 for the day. Today, the stock is trading at $7.86, up slightly from the day's open of $7.84.

Walmart may be planning to release its proprietary Walmart Pay mobile wallet application this year, but at least online is preparing for a varied digital payment landscape.

Walmart will accept the MasterPass by MasterCard digital payments platform in 2016 for online purchases, including mobile commerce. The platform securely stores payment and shipping information, which is accessible when a consumer checks out using the “Buy with MasterPass” button and logs into their account from any connected device.

If you’re going to invest in the emerging area of mobile retail apps, you might as well build it around the latest consumer trends.

Ankeny, Iowa-based convenience chain Casey’s General Stores Inc., which operates more than 1,900 stores in 14 Midwestern states, is releasing a new app that includes functionality for the growing consumer preference for prepared meals. The app allows Casey’s customers to order pizza, made-to-order sub sandwiches and appetizers.

Venice, Fla. -- Main Street Ranchlands and The Sembler Company announced the companies have formed a joint venture to develop the Marketplace at Coastamar in West Villages located in Venice, Florida. This is the first commercial opportunity in the rapidly growing master-planned community in south Sarasota County.

I left Walmart to pursue what I saw as the future of retail. In my exit interview with Mike Duke (at that time president and CEO of Walmart International) he asked me what I meant by the future of retail. Having worked in the international division, Sam’s Club and Costco prior to that, the future I saw at the time revolved around leveraging data and managing technology to understand customers in a granular fashion and speaking to them directly as individuals with highly lifestyle relevant products and services.

Staples is condensing its 30 years of business knowledge into a new performance tracking mobile app to help customers grow their business.

Staples launched a new mobile app branded as Quick Wins to offer business-specific ideas, metrics and community support in one easy-to-access place. The retailer said its research showed that nearly three-fourths of small businesses want assistance getting their business metrics on track, yet 41% are not sure what business metrics they should focus on in order to ensure their success.

Consumer confidence rose in December amid lower gas prices and a stronger job market.

The index of consumer confidence rose to 96.5 in December from a revised 92.6 in November, the Conference Board said Tuesday. (The November reading originally was put at 90.4, the lowest level in more than a year.) Economists expected a rise to 93.6, according to Bloomberg.

How will retailers fare in 2016? Very well, according to experienced market watchers.

“We expect core retail sales to grow 5.3% in 2016,” says Scott Hoyt, senior director of consumer economics for Moody’s Analytics, a research firm based in West Chester, Pennsylvania. (Core retail sales exclude volatile revenues from auto sales and gas stations.)

That is notably faster than the 4.2% rate anticipated when 2015 sales are finally tallied. The 2015 experience was, again, slightly better than that the 3.9% growth of 2014.

Americans will be eating grass-fed proteins, a wide range of non-GMO products and chasing it down with a can of wine, according to a list of 10 top food trends compiled by Whole Foods.

With the year-end being a time for reflection and prognostication, Whole Foods has entered the fray with a set of top food trends for 2016 informed by its position as the retail industry’s leader of natural and organic products. The company says to watch these trends in the New Year: