News

Dallas -- 7-Eleven said it has completed the transaction with ExxonMobil to acquire retail interests in 51 North Texas sites. The transaction concluded Jan. 20, and terms of the deal were not disclosed.
The majority of locations will be rebranded as 7-Eleven stores.

"This acquisition fits well with our aggressive growth strategy," said Robbie Radant, 7-Eleven's new VP of mergers and acquisitions. "We met our goal of opening 650 stores in 2011, and with this acquisition 2012 is off to a great start."

Atlanta -- RedPrarie Corp., a global supply chain and retail technology provider, announced that BJ’s Wholesale Club plans to use RedPrairie’s transportation management system to streamline its transportation operations and reduce costs. The solution is designed to enable wholesale clubs and retailers to improve operational efficiencies by automating transportation tasks and optimizing the planning of shipments. BJ’s Wholesale Club will be able to better monitor carrier performance and shipment activities throughout the supply chain.

Cleveland -- Forest City Commercial Management today announced the launch of 15 redesigned retail center websites. The new sites feature enhanced interactive shopping, social media experiences and content from PlaceWise Media’s Shoptopia.

SAN BRUNO, Calif. — Walmart is offering consumers the chance to get their product sold on Walmart.com and in Walmart stores in its new contest, "Get on the Shelf."

The nationwide contest is the latest announcement from @WalmartLabs and similar to the popular American Idol television show, contestants will create videos of their latest inventions and the public will vote online for the winners.

FRAMINGHAM, Mass. — Staples announced that it is offering small business owners the chance to win up to $50,000 in free television advertising in their home market through its “Give Your Small Business the Push It Needs” contest.

DALLAS — JCPenney Co. will host a two-part launch event where senior management will outline its much-anticipated plan of transformation on the mornings of Jan. 25 and Jan. 26 in New York City.

WASHINGTON — The National Retail Federation said it welcomed President Obama’s plans to boost travel and tourism, saying efforts to process visa applications more quickly will help U.S. stores make more sales to foreign tourists and business travelers who want to come here to shop.

DAVENPORT, Iowa — Von Maur Department Store has announced the promotion of Joy Place to VP merchandising, effective immediately. She will report directly to Melody Westendorf, chief operating officer of Von Maur.

Amstersdam — Ahold experienced several bright spots during its fourth quarter and full year, the Dutch-based supermarket company said.

Fourth-quarter net sales totaled $9.4 billion, a 4.5% increase above the year-ago period, while net sales for the year increased by 2.5% to $39.1 billion.

San Jose, Calif. — eBay announced that revenue for the fourth quarter ended Dec. 31 increased 35% to $3.4 billion, compared with the same period of 2010. The company reported fourth quarter net income on a GAAP basis of $2 billion, or $1.51 per diluted share, and non-GAAP net income of $788.6 million, or 60 cents per diluted share. The year-over-year increase in the fourth quarter GAAP earnings per diluted share was driven primarily by a gain on the sale of the company's remaining investment in Skype.