Getty Realty committed $100 million in convenience stores and carwash properties throughout 2022. The real estate company shared this figure Tuesday (Jan. 10) in reporting its fourth-quarter and full-year 2022 financial results, noting the acquisition of nine convenience stores for $44 million. “We are excited...
Whether it’s Amazon’s Buy With Prime or Walmart Go Local, big retail is thinking small. As in, thinking about ways to get more small and medium-sized brands to do business with — and through — their respective platforms via a coincidentally launched pair of new...
Carvana is reportedly cutting more staff as the used car market continues to downshift. The online used car retailer is both cutting jobs and reducing hours as it slashes costs in the face of sales that are slower and prices that are lower after surging...
Google Cloud has launched new artificial intelligence (AI) solutions that perform necessary everyday tasks for retailers. These solutions help merchants check inventory, facilitate product discovery, personalize shopping experiences and recommend products to customers, Google Cloud said in a Friday (Jan. 13) press release. “Upheavals over...
This week in grocery, retailers ramp up personalization efforts as rising prices boost supermarket sales. Michigan-based supermarket chain Meijer, which has nearly 500 stores across the Midwest and Kentucky, on Thursday (Jan. 12) announced the launch of an update to its mPerks loyalty program to...
Worldline and Lidio have partnered to help eCommerce merchants access Turkey at a time when local consumers are facing 80% inflation. Together, payments services company Worldline and Turkish FinTech company Lidio will provide a one-stop shop for processing in Turkey, access to popular payment methods and access...
Molson Coors is stepping up its digital presence with the launch of D2C-only mocktails. The beverage giant, which owns a range of popular alcoholic brands, including Coors, Miller, Vizzy and others, announced Tuesday (Jan. 10) the launch of its Roxie line of nonalcoholic cocktails available only via the...
Disney has chosen former Nike CEO Mark Parker to chair its board. Parker, who is now executive chairman at Nike, will become chairman of the Disney board of directors following its annual shareholder meeting, the company said in a Wednesday (Jan. 11) press release. Parker,...
Morphe’s parent company has filed for bankruptcy and is to be acquired by secured lenders. Beauty brands builder Forma Brands said in a Thursday (Jan. 12) press release that by initiating bankruptcy proceedings for itself and its domestic subsidiaries, FB Debt Financing Guarantor will facilitate...
