MOBILITY

Alibaba’s payment provider launches in Australia

BY Deena M. Amato-McCoy

Alibaba’s newest partnership is further expanding the global reach of mobile payments.

Alipay, a digital wallet payment platform run by Alibaba's affiliate Ant Financial, and Quest Payment Systems Pty Ltd, an Australian payments provider, are teaming up to roll out Alipay at select stores in Australia. The digital wallet, which is currently used by Chinese nationals to pay for in-store purchases using their mobile phones, is now available at select stores within The Chemist Warehouse and My Chemist pharmacy groups.

Quest has designed the software to fully integrate with existing point-of-sale (POS) systems, enabling the terminal to convert currency and process Alipay transactions. Alipay customers simply scan a code displayed on the payment terminal’s screen, which enables them to pay from their mobile phone.

“Quest added the Alipay solution without the need to change our POS software or require additional hardware,” explained Mark Finocchiario, managing partner and director, My Chemist. “We’ve been able to maintain our existing payment and reconciliation processes, minimizing change for our operators, and enabling us to offer this convenient feature to our Chinese shoppers.”

The pharmacy groups have full rollouts planned for early 2017.

The pilot, which makes Chemist Warehouse the largest overseas e-commerce vendor connected to Alipay, also enables the retailers to participate in Alipay’s 12.12 event, a global promotion that offers in-store incentives to Alipay users. Chemist Warehouse participated in the recent 11.11 online global shopping festival, and experienced a significant increase in sales to new Chinese customers, Alipay said.

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REAL ESTATE

Three-grocer center is sold for $42 million

BY Al Urbanski

A subsidiary of NewMark Merrill Companies has acquired Southgate Plaza in Sacramento five years after it was hired by the owner to re-tenant and reposition the center.

The 339,369-sq.-ft. Southgate has the distinction of being anchored by three grocery stores — Walmart Neighborhood Market, 99 Ranch Market, and 99 Cents Only. Other tenants include Ross Dress for Less, Skechers, Payless Shoe Source, Farmer & Merchants Bank, and Taco Bell.

CBRE’s National Retail Investment Group-West handled the sale of the property, which was owned by Wrightwood Financial.

“The property had tremendous leasing momentum despite the existing 27% vacancy at the time of sale. In the past 15 months, 53,000 sq. ft. or 21% of the property has been leased up,” said CBRE’s Jimmy Slusher.


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J.Gianulias says:
Dec-08-2016 05:38 pm

NOT 3 grocer
Dollar Tree is NOT a grocer. They sell 2 aisle worth of stuff for $1.00

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REAL ESTATE

New Stop & Shop format to debut at New York Center

BY Al Urbanski

Heidenberg Properties has received planning board approval to build a new 54,000-sq.-ft. Stop & Shop prototype at its Lake Plaza Shopping Center in Mahopac, New York. The store will replace a Key Food supermarket and increase total square footage at the center to 165,000 sq. ft.

“This was a complicated process involving multiple municipal agencies,” said Heidenberg VP of Operations Jason Lazar.” We are excited to deliver the new prototype for Stop & Shop."

Stop & Shop operates 419 stores in New York, New Jersey, Massachusetts, Connecticut, and Rhode Island.


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