Justine Griffin/The Tampa Bay Times – The fences are up and the construction has started. The former Sears department store at Tyrone Square Mall, which had been open for nearly 50 years, closed months ago to make room for new development: Tampa Bay’s first Lucky’s Market organic grocery store and a Dick’s Sporting Goods. It’s a […]
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At 32 cents a share, how long can Bon-Ton survive?
Jon Harris/The Morning Call – If you have a quarter, nickel and two pennies in your pocket, you have enough to buy a share of Bon-Ton stock — which is why analysts are wondering how long the company can survive. The department store chain’s stock hit a new low Wednesday, closing at about 32 cents a […]
The latest victim in the retail apocalypse? Outlet malls
Lisa Fickenscher/New York Post – Et tu, outlet malls? After years of being seemingly insulated from the ills affecting department stores, the country’s 200-plus outlet malls are starting to show signs of strain. Tanger Factory Outlet Centers, which owns 43 centers in 22 states and is the largest publicly traded pure-play outlet operator in the […]
The Future of Food Shopping
Charisse Jones & Zlati Meyer/USA Today – Amazon’s purchase of Whole Foods makes it a major player in the U.S. grocery market, and that leaves a lot for consumers and fellow retailers to chew on. Experts say the move will translate into lower prices for consumers and more competition among traditional supermarkets, discount chains and food-forward […]
Amazon to buy Whole Foods for $13.7 billion in bid to become major grocer
Angel Gonzales/The Seattle Times – Amazon.com is about to give “whole paycheck” a new meaning. With its $13.7 billion purchase of Whole Foods Market, the undisputed king of one-click shopping just bought itself a lot of bricks — and a golden ticket into a juicy retail stronghold it has long sought to breach. The deal sent […]
These Valley stores are closing–or could be–in massive nationwide retail die-off
Bethany Clough/The Fresno Bee – A retail bloodletting is hitting the nation as thousands of stores are closing – and the Valley isn’t immune. How epic are these closures? Wrap your brain around this: As of April, 8,600 stores were either closed or slated for closure in 2017. That’s more than the worst year on record […]
