June 19, 2018
Kroger
Citing an oversaturated marketplace, last week Kroger said it plans to close its 14 stores in the Raleigh-Durham, NC by August 14.However, Kroger’s Harris Teeter subsidiary will acquire eight of the closing ... Read more
June 12, 2018
Lidl
According to an independent survey by global consulting firm Oliver Wyman, shoppers, particularly younger ones, are warming up to Lidl, which entered the U.S. about a year ago. 48% of 600 consumers who tried Lidl are now shoppin ... Read more
June 5, 2018
Sears Holdings Corporation
Yesterday, Sears Holdings Corporation announced that it borrowed an additional $186.0 million under an amended loan agreement, whose maturity was extended to July 20, 2020. After closing, the loan totaled ... Read more
May 30, 2018
Target
Target reported first quarter sales growth of 3.5% to $16.56 billion, driven by 3% comp growth, which includes 3.7% traffic growth. Digital sales rose 28%, on top of a 21% increase in 1Q17. The Company said it saw broad market share gains across its ... Read more
May 22, 2018
Walmart
Walmart reported first quarter sales growth of 4.4% to $122.69 billion for the period ended April 30. Walmart U.S. comps increased 2.1% (excluding fuel), and comp traffic rose 0.8%. Sam’s Club comps increased 3.8%, led by com ... Read more
May 15, 2018
Walmart
Walmart has ended its grocery delivery partnerships with Uber and Lyft, first announced in 2016. According to published reports, the end of the partnership “undercuts a vision the ride-hailing companies laid out: a serv ... Read more
May 8, 2018
Ahold Delhaize
Last week, Ahold Delhaize’s Food Lion division said it plans to invest $168.0 million on 105 stores in the greater Norfolk, VA market during 2018. The investment will go towards remodeling the stores, lowering prices, ... Read more
May 1, 2018
Supervalu
On April 24, Supervalu announced, in addition to releasing its fourth quarter results, it has entered into definitive agreements to sell eight of its owned distribution centers for approximately $483.0 million and t ... Read more
April 24, 2018
Sears Holdings
Sears Holdings is shutting down at least 11 Sears and two Kmart stores in addition to the 166 stores Sears previously said it would close in 2018, according to government filings. To request an updated list ... Read more
April 17, 2018
Aldi
Aldi has chosen the city of Buckeye for its first store in Arizona, set to open in 2019. Aldi has reportedly been scoping out Arizona for new stores, and in January sources indicated that the Company was looking at up to 40 stores around gre ... Read more
