News

The summer has brought with it a flurry of new store openings, from both established players and emerging online-offline stars. Check out the five below … and don’t miss the bonus at the end!

By Jerome Malavoy, CEO and Founder, Trace One

Discount grocer Aldi, Costco and Walmart were recognized as the nation’s low price grocery leaders in a recent study conducted by Market Force Information.

It was the fourth consecutive year Aldi has received the low price distinction in the survey conducted by Market Force, a leading customer intelligence solutions firm. When asked to rank the top grocers offering low prices, the 6,200 consumers who participated in the study ranked Aldi first, Costco second and Walmart third. Aldi president Jason Hart was quick to take a victory lap.

Atlanta - Global Payments Inc. has signed a referral agreement with BitPay, a provider of business solutions for the Bitcoin digital currency. This relationship allows Global Payments to incorporate the cryptocurrency into its product suite and to offer Bitcoin payment acceptance to its worldwide merchants.

Toys“R”Us has appointed Chetan Bhandari as the company’s SVP, corporate finance and treasurer. He will report to EVP and CFO Mike Short.

Charlotte, N.C. -- Belk Inc. has launched a digital back-to-school campaign with digital and social marketing platform provider HelloWorld. The campaign will run through Sept. 15.

Just under two weeks after Aaron’s posted disappointing second-quarter results, the company is seeking a new CEO. Ronald W. Allen, 72, plans to retire as the company’s CEO and will be stepping down from the board of directors, effective August 31, 2014.

Indianapolis - Lids Sports Group has acquired wholesale team sports company Nashville Sporting Goods and its production affiliate National Team Embellishment, both headquartered in Nashville, Tennessee. The purchase includes Nashville Sporting Goods.