News

Launched in 2013, Drizly facilitates the sale and delivery of alcoholic beverages online. Chain Store Age recently visited the company’s Boston-based headquarters and spoke with Nick Rellas, co-founder and CEO, about Drizly’s business model and the evolution of e-commerce.   What made you decide to enable the online sale and delivery of liquor?

Circuit City is reportedly getting closer to a relaunch.   The new owner of the defunct consumer electronics chain is currently working with brokers from CBRE to open a 6,000-sq.-ft. to 9,000-sq.-ft. prototype store in Dallas, reported consumer electronics industry publication Twice.     The relaunched business will also include a dedicated e-commerce site, as well as a presence on digital marketplaces such as Amazon.    

Belk Inc. is expanding its senior leadership team.   The company, which operates 293 stores in 16 Southern states, named Randy Whitaker as executive VP, chief stores officer, effective June 27. He comes to Belk after more than 15 years at Victoria’s Secret, having most recently served as executive VP of store operations. His previous roles at Victoria’s Secret include senior VP of finance, real estate and stores, and VP of real estate integration.   

Five Below is adding two more stores to its already considerable Texas portfolio.    The fast-growing extreme-value retailer will open two stores in the Rio Grande section of Texas, in the towns of Brownsville and Mission, on June 24, 2016, giving it a total of 53 locations in the state.    The Rio Grande area stores are two of approximately 85 new Five Below stores is opening in 2016,  on top of  71 new stores it opened in 2015.  

The American Express card is now history at Costco Wholesale Club.    As of June 20, Costco is accepting only Visa-branded credit cards chain wide.   The retailer made headlines last year when it announced that, after 16 years, it was dropping American Express as its exclusive credit card provider and switching to Visa.   

Specialty alcoholic beverage retailer BevMo is shuffling its leadership team as part of an organizational transformation initiative.  

Nordstrom Inc. has re-evaluated its near-term needs for e-commerce infrastructure.   The luxury retailer has decided to postpone the planned opening of a West Coast fulfillment center dedicated to fulfilling digital orders until 2020 or later.