News

  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
robbie
  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
robbie
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
robbie
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
robbie
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
robbie
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
robbie
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
robbie
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
robbie
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
robbie
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
robbie

Pages