News

November 16, 2022   Target opened its first store under its new store strategy and design format outside Houston in Katy, TX. With a 150,000 square-foot layout, the new format is approximately 20,000 square feet larger than the chain average and includes a bigger backroom fulf ... Read more
Peyton Radford
November 9, 2022   Nordstrom plans to open a new 24,000 square-foot Nordstrom Rack in Fall 2023 in San Luis Obispo, CA. With the addition of this new location, the Company will operate 58 Nordstrom Rack stores, 23 Nordstrom stores, five Nordstrom Locals and one asos | Nordstrom lo ... Read more
Peyton Radford
November 2, 2022     The fight against the Albertsons and Kroger merger continued last week, as a number of state attorneys general have “asked” Albertsons to not pay the special $4 billion dividend until the regulatory review is complete, and argued that payin ... Read more
Peyton Radford
October 26, 2022       Just days after announcing its merger with Kroger, Albertsons posted better-than-expected 2Q22 results, with comps up 7.4%, driven by higher prices. Gross margin eroded due to higher product, supply chain and delivery costs (digital sales gre ... Read more
Peyton Radford
October 19, 2022             Kimco Realty, North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, reported that, based on the announced value of the merger, its existing s ... Read more
Peyton Radford
October 12, 2022         According to published reports, Amazon has put a freeze on corporate hiring in its retail division, including tech roles and at its Amazon stores segment, through the end of 2022. The reports cite an internal document sent to re ... Read more
Peyton Radford
October 5, 2022         Bed Bath & Beyond’s 2Q22 performance was as disappointing as expected, with negative $168 million of EBITDA, and comps down 26%. Full-year comps are still projected to decline in the 20% range, meaning comps in the neg ... Read more
Peyton Radford
September 28, 2022       Jason Buechel, the new CEO of Amazon’s Whole Foods, recently shared his vision of adding 50 new stores to the Company’s 534-store footprint. He did not provide details but plans to publicize the Company’s future strate ... Read more
Peyton Radford
September 21, 2022       Bed Bath & Beyond posted a list of 56 stores it plans to close by year end. This is part of the Company’s plan to close about 150 of its “lower producing” namesake stores, in addition to staff reductions and a merchand ... Read more
Peyton Radford
September 14, 2022         Olympia Sports Acquisitions, DIP and a number of related Debtor entities including Legacy Shoes (fka Shoebuy.com) filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware. Olympia is ... Read more
Peyton Radford

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