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“Kroger to Buy Harris Teeter for $2.5 Billion in Cash” at CNBC. “The price represents a premium of 33.7 percent to the Harris Teeter closing share price on Jan. 18, 2013, the day of the first media report that Harris Teeter was evaluating strategic alternatives. Both boards have approved the buyout. Harris Teeter has […]
“Target Announces Opening of 20 Additional Store Locations Across Canada” at WSJ. “The openings mark the first Target store locations in Saskatchewan and follow the opening of 48 stores across Canada earlier this year. These 20 locations officially push Target past the halfway mark for store openings this year, as the retailer plans to […]
“Target looks to hit pause on holiday partnerships” by Thomas Lee at Star-Tribune. “While the Minneapolis-based retailer hasn’t completely ruled it out, creating an extensive line in time for December would be highly impractical, since Target normally needs a year or so to plan such an ambitious project. “We have no current plans for a […]
“Wal-Mart sits safely atop list of 100 retailers” by Kim Souza at The City Wire. “Given the current trajectory Wal-Mart would have roughly $444.4 billion in annual U.S. sales by 2020, enough to maintain the No. 1 rank among its competitors. Amazon would rank No. 2 with $215.12 billion sales if maintaining the 30% […]
“3 Hottest Retail Topics for the First Half of 2013 – Retail Trends to Watch in the Second Half of 2013” by Barbara Farfan at Retail Industry. “Better over bigger is an obvious trend that will continue in the second half of 2013 in the U.S. retail marketplace saturated with choices. The largest U.S. […]
“Rona closing 11 stores in Canada, 50 more on ‘watch list’ ” by Paul Delean at Montreal Gazette. “The Canadian hardware and home-improvement chain announced the closing of another 11 money-losing stores in Ontario and British Columbia by the end of this year. The stores — seven of them big-box — represented about $130 […]
“Nations First Lowe’s Express Opens (in NJ)” by Michael Diamond at Asbury Park Press. “Lowe’s Cos. Inc. Thursday will officially unveil a retail store half the size of its traditional store in a move experts said reflects consumers who increasingly believe that less may not be more, but it is enough. The Lowe’s Express, […]
“Tesco could soon offer 3D printing so customers can print their own products” at Daily Mail. “Paul Wilkinson, who is heading on a fact-finding mission to San Francisco with a team from Tesco, added in The Grocer magazine: ‘We already print photos and posters in many of our larger stores, so why not other […]