News

April 3, 2018   Toys "R" Us   Toys “R” Us published a list of bidders who are qualified to participate in an auction of 147 of the Company’s U.S. stores. The Company modified downward the original number of stores subject to bids, to 147 units fro ... Read more
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March 27, 2018 Southeastern Grocers Today, Southeastern Grocers, LLC, DIP filed a petition for a voluntary prepackaged Chapter 11. The petition, as well as a Plan of Reorganization and Disclosure Statement, was filed in the U.S. Bankruptcy Court in the District of Delaware. The case ... Read more
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March 20, 2018   Southeastern Grocers Southeastern Grocers (SEG) entered into a Restructuring Support Agreement with creditors representing 80% of unsecured notes due September 2018 and plans to file a pre-packaged plan of reorganization under Chapter 11 before month end. ... Read more
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March 13, 2018   Kroger Kroger released its fourth quarter earnings results showing that it continues to battle a highly competitive environment that has been pressuring the retail grocery sector. While identical store (ID) sales (excluding fuel) continued to strengthen, w ... Read more
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March 6, 2018   The Walking Company Footwear retailer The Walking Company filed Chapter 11 protection for the second time in a decade this morning. The Company stated that it already obtained the support of its major shareholders, a Plan has been “substantially pre-n ... Read more
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  February 27, 2018     Brookshire Grocery Co. Brookshire Grocery Co. will acquire eight Winn-Dixie store locations in southern Louisiana from Southeastern Grocers. Subsequent to this, it was announced that the 11-store Shoppers Value chain is acquiring seven W ... Read more
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February 21, 2018     Albertsons/Rite Aid Yesterday, Albertsons Companies and Rite Aid Corporation announced a definitive merger agreement under which privately held Albertsons Companies will merge with publicly traded Rite Aid. The integrated company will oper ... Read more
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  The Fresh Market The Fresh Market SVP Scott Duggan recently said the Company has backed off any expansion plans in 2018. Mr. Duggan commented, “At present, the Company believes the most efficient growth vehicle is to focus on improving core operations within its existing f ... Read more
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  Whole Foods The first Whole Foods 365 location on the East Coast, and the seventh in the country, opened last week in Brooklyn, NY (Fort Greene). The 365 stores are about one-third smaller than a typical Whole Foods, and offer a more curated, private label-focused selection at a so ... Read more
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  Kroger According to a report published last week, Kroger is exploring an alliance with China-based e-commerce giant Alibaba. Multiple sources claim that senior Kroger executives met with senior Alibaba officials last month in China and, while details of the discussions were not rel ... Read more
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