FINANCE

7-Eleven completes acquisition of 18 Open Pantry stores

BY Staff Writer

Dallas — 7-Eleven announced that it has completed a transaction to acquire 18 Open Pantry convenience store locations in Wisconsin, primarily in the greater Milwaukee and Madison markets. Terms of the deal were not disclosed.

“7-Eleven has set and met very ambitious growth goals the past three years, here in the U.S. and internationally," said Robbie Radant, 7-Eleven VP mergers & acquisitions. "We are on track this year to surpass even those record-breaking years. Last year, 7-Eleven opened more than 600 stores in the U.S. and Canada and is on target to open at least 630 in 2012."

All 18 stores are located approximately in the lower third of the state with the northernmost store in Oshkosh and the southernmost in Kenosha. Four stores are located in Milwaukee city-proper and others in the surrounding communities of Franklin, Brookfield, Delafield, Oak Creek, New Berlin, Sussex, Oconomowoc and Pewaukee. Another three are in Madison.

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E-commerce innovator adds tech talent

BY CSA STAFF

Former Hewlett-Packard executive Shelley Perry was named SVP and chief technology officer at online electronics retailer Newegg, the company announced Monday. The company also name Merle McIntosh as SVP product management.

“Newegg is dedicated to attracting top industry talent as we prepare to propel the company through our next stage of growth,” said Bob Bellack, CEO of Newegg North America. “Both Shelley and Merle are tremendous additions to our leadership team and we’re all thrilled to have them on board.”

Perry and McIntosh are expected to help fuel Newegg’s growth by driving innovation and providing leadership to the organization’s technology and product management teams.

As the newly appointed chief technology officer, a role Perry held previously at HP and TicketMaster, she will leverage her extensive technical and software product management background to oversee Newegg’s product roadmap and all technology initiatives within the organization.

“It’s an exciting time to join Newegg,” said Perry. “Newegg has already built a world-class e-commerce platform and an impressive customer base. I look forward to working with the team to continue building on the platform and working towards enhancing the user shopping experience.”

McIntosh is also a technology veteran with more than 25 years of experience in product management, marketing, e-commerce and merchandising. He joins Newegg from PC Connection, Inc. where he was SVP marketing and product management.

“I have followed Newegg over the years and have been impressed with their ability to quickly establish themselves as a leader in the industry, offering an outstanding assortment of computer components and consumer electronics,” McIntosh said. “My goal is to build on that success by continuing to expand the product selection and driving growth in critical categories.”

Newegg was founded in 2001 and offers a comprehensive selection of computer hardware and consumer electronics products, detailed product descriptions and images, as well as how-to information and customer reviews.

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Owen, New York City

BY CSA STAFF

This new concept makes its retail debut with a unusual store design that has created lots of buzz. The central element of the 1,800-sq.-ft. boutique is a continuous surface made from 25,000 stacked paper bags‹that arches from floor to ceiling. Creating a warm atmosphere, the honeycomb-like structure contrasts with the existing industrial brick and concrete space. All clothing, accessories and jewelry are displayed on quartz slab tables, blackened steel hang bars and steel and glass vitrines.

Located in New York City’s trendy Meatpacking District, Owen features a carefully edited assortment of up-and-coming contemporary brands for men and women. This is the company¹s first retail outing, but it’s meant to serve as a preview of more to come.

Design: Tackelbox, New York City
Photos by: Tacklebox, by Juliana Sohn


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