With roughly 4,000 major retail chain store closings last year and up to another 10,000 expected in 2017, brick-and-mortar retailers are scrambling to remain relevant. Our Store Activity and Retailer Health Analysis provides insight into not only who is closing locations but who is expanding i ... Read more
GREAT NECK, NY - MAY 15, 2017 Industry-leading retail consulting firm Information Clearinghouse, Inc. (ICI), through its Creditntell division, announced the integration of retail locational data from data service provider AggData with its REtail Tools interactive service. The move highlights...Read more
Marsh Supermarkets
On May 11, Marsh Supermarkets Holding, LLC, DIP filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. District of Delaware.
Since the filing, several orders were issued, including: interim orders authorizing the Debtors to pay up ... Read more
Southeastern Grocers
Published reports indicate that Southeastern Grocers has confirmed it is planning to close up to 20 stores across its footprint, and will layoff an unspecified number of store-level managers. The closures are said to be part of a portfolio review and include some cases ... Read more
Hy-Vee
Hy-Vee is working on plans for a new 12,000 to 16,000 square foot concept store with a working name of Fast & Fresh in West Des Moines, IA, that could include a small Hy-Vee store with a drive-thru coffee shop on one end and a pickup lane for online grocery orders on the other. The ... Read more
The Fresh Market
The Fresh Market is closing five stores located in Livingston, NJ; Woodbury, NY; Ashburn, VA; Altamonte Springs, FL; and Kildeer, IL. According to the Company, “This move will allow the Company to focus on the success, service and growth of its existing portfolio of ... Read more
rue21, inc.
rue21, inc. will be closing nearly 400 stores (33.5% of its entire store base) across the country, stating the decision is “difficult, but necessary” as the teen apparel retailer focuses more on its online business. Earlier in the year, rue21 hired Rothschild, Inc. ... Read more
Freds / Walgreens / Rite Aid
During Fred’s fourth quarter earnings conference call on April 6, management stated that it remains committed to working with Walgreens, Rite Aid, and the FTC to complete the Rite Aid transaction. The Company is willing to acquire additional assets, inclu ... Read more
Walgreens Boots Alliance/Rite Aid
A published report from last week indicated that Walgreens Boots Alliance (WBA) set a deadline of three months for the U.S. FTC to either block or allow its proposed merger with Rite Aid through a declaration of “certified compliance” or a noti ... Read more
Marsh Supermarkets
Marsh Supermarkets closed 10 stores over the last three years through 2016 (15% of its store base), with closures accelerating in 2017. According to published reports, Marsh has also stopped paying rent on six Indianapolis stores prompting lawsuits by property owners, wh ... Read more
