News

February 17, 2021         Aldi plans to open 100 new locations nationwide in 2021 with expansion efforts focused on Arizona, California, Florida and the Northeast. The Company will also break ground on a new regional headquarters and distribution c ... Read more
Peyton Radford
February 10, 2021         On Monday, Golub Corp. (Price Chopper) and Tops Markets announced they have agreed to merge, a deal most likely made more attractive by the operational benefits of the COVID-19 pandemic on the grocery sector. A n ... Read more
Peyton Radford
February 3, 2021         Yesterday, Amazon announced that Founder and CEO Jeff Bezos will step down and become Executive Chairman; Andy Jassy, the current head of Amazon Web Services (AWS) will become CEO. The news was reported in the Companys 4Q20 rele ... Read more
Peyton Radford
January 27, 2021         An Amazon Fresh supermarket has opened in Whittier, CA at the site of a former Orchard Supply Hardware store. It is Amazon’s fifth such grocery location in Southern California. The others are in Woodland Hills, Irvine, Nor ... Read more
Peyton Radford
January 20, 2021         In a letter to Staples owner Sycamore Partners, The ODP Corporation responded to Staples’ January 11 acquisition proposal under which it would acquire ODP for $40 per share in cash. As part of the deal, Staples would have ... Read more
Peyton Radford
January 13, 2021         On January 11, privately held Staples offered to buy ODP Corp., owner of Office Depot, for $2.10 billion in cash. The two companies previously tried to merge in both 1996 and 2014 and were rejected by the FTC as being antic ... Read more
Peyton Radford
January 6, 2021         Macys has notified employees at about 45 of its stores that they will close by the middle of this year. The closures are part of a previously announced plan by Macy’s to shut 125 locations by 2023, which the retailer o ... Read more
Peyton Radford
December 23, 2020         J.C. Penney announced it will close an additional 15 locations by the end of March. The Company exited bankruptcy earlier this month and closed more than 150 stores during the bankruptcy process. Click here to request a li ... Read more
Peyton Radford
December 16, 2020     November Retail Sales Report November U.S. retail sales remained soft, falling 1.1% from the prior month, which was revised down to 0.1% or by 40 bps. Given that both September and October were revised down, we have increasing concern about the stre ... Read more
Peyton Radford
December 9, 2020         On December 10, Amazon will open a new 35,000 square-foot Amazon Fresh location in Naperville, IL. The store includes the Amazon Dash Cart, which enables customers to skip the checkout line, as well as new Alexa features to ... Read more
Peyton Radford

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