INVENTORY

Report: Target testing in-store robot

BY Marianne Wilson

Target Corp. is testing a robot to track inventory on store shelves, Fortune reported. The one-week trial is being conducted a Target store in San Francisco.

Silicon Valley startup Robotics built the robot, called Tally, that can roll around the store, scanning products to determine if they have been misplaced, mispriced, or are low in stock, according to the report.

Click here for more, including a video of the robot in action.

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MOBILITY

eBay uncorks new online wine offering

BY CSA STAFF

Wine aficionados have a new, expanded digital resource to shop for their favorite vintage.

eBay has introduced eBay Wine, a new section of its e-commerce site that features the ability to browse collectible, rare and everyday wines.

Consumers can search eBay’s assortment of more than 10,000 wines using attributes including varietal, region, price point, and price format (“buy it now” or auctions for rare bottles). Shoppers will be able to purchase wine and ship to almost anywhere in the U.S.

eBay is partnering with Drync, a mobile app platform for wine, to bring product to U.S. shoppers through Drync’s network of retail partners. This means some in-store pickup options will be available soon.

The site experience will also feature expert guides and tips by lifestyle expert Maureen Petrosky and sommelier and winemaker André Hueston Mack, highlighting seasonal and emerging wine trends and accessories.

“Whether you’re in search of wine to celebrate a special occasion, give as a Mother’s Day gift, or add to your collection of rare or hard-to-find, eBay is offering a fresh, modern way to find the perfect bottle,” said Alyssa Steele, of home and garden at eBay. “Combining eBay’s unparalleled reach and innovative platform with unmatched inventory, the launch of eBay Wine is yet another way we are providing shoppers with amazing choice and selection – for a truly unique shopping experience.”

Through its partnership with Drync, eBay is quickly scaling the size and accessibility of its wine assortment. By tapping into Drync’s network of brick-and-mortar stores, the e-tailer will be able to shorten wine delivery times and even offer some omnichannel services. This is another step in eBay’s continuing journey away from an online auction specialist and toward a full-scale retailing platform.

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FINANCE

Bidding begins for Sport Chalet stores

BY Mike Troy

Prime retail real estate in Southern California and nearby states is now available after bankrupt Sport Chalet retained A&G Realty Partners to sell its assets.

Following its recent Chapter 11 bankruptcy filing, Sport Chalet retained A&G Realty Partners to manage the sale of 58 retail store and office and distribution center leases. The firm is currently accepting bids on the leases, which range from 12,000 sq. ft. to 50,000 sq. ft. and are located in located in Arizona, California, and Nevada.

In addition, bids are being accepted for the Sport Chalet corporate office in La Canada and distribution facilities in Ontario and Van Nuys, which range from 12,140 sq. ft. to 326,543 sq. ft. The auction is tentatively set for early June, however the debtors will seek court approval for exceptional private sales on a more accelerated timetable outside the auction process.

“The company has many attractive below market rate leases that are very well positioned in the top retail markets in California. By taking assignment of leases, retailers have the opportunity to enter hard to penetrate markets and centers and be open for business this year,” said Emilio Amendola, A&G co-president. “The availability of these leases is expected to attract interest from several national and local retailers and investors.”

New York-based A&G was founded in 2012 and also has offices in Los Angeles and Chicago. The firm specializes in real estate dispositions, lease restructurings, facilitating growth opportunities, valuations and acquisitions.

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