News

Shopko loses executive VP of retail
Shopko Stores confirmed Monday that executive VP of retail at Andre Persaud has left the company.
Hillwood, Howard Hughes partner on North Texas project
Hillwood and The Howard Hughes Corporation have unveiled plans for a 130-acre, mixed-use development at Circle T Ranch, a master-planned community north of Dallas-Fort Worth. Circle T resides within AllianceTexas, an 18,000-acre tract that has brought 425 companies, 45,000 jobs, and the world’s first industrial airport to the town of Westlake.

A first for Walgreens
Target CIO talks stores, digital, supply chain and more

Mike McNamara, a former executive at British retailer Tesco PLC, joined Target as CIO last summer, moving from London to Minneapolis. In a Q&A on Target’s website, McNamara discusses highlights of his first year with the discounter and priorities going forward. He also spoke about Target’s tech hiring boom.
Office Depot on the hunt for a CEO

Office Depot has joined Staples in the search for a new chief executive. Office Depot announced Monday that Roland Smith plans to retire as CEO of the company. In June, Staples CEO Ron Sargent stepped down and the chain is still looking for a successor. The resignations come several months after the merger between the two retailers was dropped over antitrust concerns.
Best Practices: Safeguarding Against Money Counterfeiters

According to the United States Secret Service, there are $ 1 trillion bank notes in circulation. Of this, $2.5 billion is fake. In 2013, U.S. authorities recovered $89 million in counterfeit money. Unfortunately, this is not good news for businesses as these statistics affect them in a major way.
Walgreens becomes first retailer to integrate loyalty program with Android Pay
Big merger announced in convenience store industry

Alimentation Couche-Tard Inc. is expanding its U.S. portfolio yet again. In its biggest acquisition to date, the Canadian convenience store retailer has agreed to buy CST Brands Inc. for $48.53 per share in cash, with the total deal valued at $4.4 billion, including debt. Couche-Tard operates more than 12,000 locations globally under several brands, including Circle K. Last year, Couche-Tard acquired The Pantry for about $1.7 billion, including debt, adding more than 1,500 stores to its U.S. footprint.
Home furnishings retailer opens milestone store in historic space

West Elm opened its 100th store, at Empire Stores, in Brooklyn, New York. It is the first tenant to officially open in the restored 19th-century coffee roasting facility and warehouse. Located in Brooklyn’s Fulton Ferry Historic District, Empire Stores dates from 1869. Its massive red-brick walls feature distinctive round-arch openings and iron shutters, characteristic features of port warehouses of the period. The home furnishings retailer also has located its corporate headquarters within the building.
Don’t call it ‘Apple Store’ anymore

It’s not exactly a rebranding as much as it is a clarification. Apple is changing the way it brands its stores by getting rid of the "Store" part of Apple Store, The Verge reported. Going forward, the company's stores will go by "Apple," followed by the individual location of each particular store, such as Apple Union Square, The Verge reported.