Irving, Texas — NEC Corporation of America (NEC), a leading provider and integrator of advanced IT, communications, networking, retail and biometric solutions, will be the new exclusive point-of-sale (POS) provider to 8,600 7-Eleven® stores throughout the United States and Canada.
retailers
Mooresville, N.C. — Marshall A. Croom, a 20-year Lowe’s veteran, has been promoted to chief financial officer, effective March 3, 2017. Croom succeeds Robert F. (Bob) Hull Jr., who plans to retire after 17 years with Lowe’s Companies, Inc. Croom will report to Robert A. Niblock, Lowe’s chairman, president and CEO. Hull will remain at Lowe’s through March to ensure a smooth transition period.
Burbank, Calif. — IKEA’s relocated Los Angeles-area store within Burbank will open on February 8, 2017. Prior to the grand opening of the new, larger IKEA Burbank, customers can continue to shop at the original Burbank store through February 4, when the old store will close permanently.
Knoxville, Tenn. — Pilot Flying J, the largest operator of travel centers in North America, expanded its number of Pilot and Flying J stores in 2016 by adding 58 additional locations to its network. Through PFJ Southeast LLC, a joint venture with Speedway LLC, Pilot Flying J completed the conversion of 41 former Speedway/Wilco locations throughout the Southeastern United States.
Lakewood, Colo. — Natural Grocers will open its 20th Texas store on January 18, 2017. The new 17,000-square-foot store is located at 406 W Loop 281 in Longview. Natural Grocers also plans to open an additional San Antonio store in the first half of 2017.
Los Angeles — Fabletics, the innovative and rapidly growing activewear brand co-founded by Kate Hudson in 2013, will be opening 12 new retail locations in 2017. Adding to the 18 existing locations that started opening as of fall of 2015, these new stores will bring the Fabletics retail store count to 30 locations throughout the U.S. in just 23 months.
St. Louis — Knoebel Construction, Inc., a full-service general contractor specializing in retail development, restaurant, grocery and retail construction nationwide, has moved its headquarters from Fenton, Mo., to Chesterfield, Mo., in St. Louis County. The new location more than doubles Knoebel Construction’s space to 9,688 square feet.
Boca Raton, Fla. — Office Depot, Inc., a leading global provider of office supplies and services, has completed the sale of its European business to The AURELIUS Group. This transaction is part of the company’s recently announced international divestiture strategy to focus on opportunities in its North American business.
Deerfield, Ill., and Camp Hill, Pa. — Walgreens Boots Alliance, Inc. and Rite Aid Corporation have agreed to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s, Inc. for $950 million. The all-cash transaction is subject to Federal Trade Commission (FTC) approval, the approval and completion of the pending acquisition of Rite Aid by Walgreens Boots Alliance, and other customary closing conditions.