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 […]
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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 […]
Sears nearing the end? 66 more Sears and Kmart stores to close
Suzette Parmley/The Philadelphia Inquirer – Even as Sears Holdings Corp. announced 66 more store closings this week, experts say more are in the offing. Sears’ announcement involve 49 Kmart and 17 Sears stores nationwide. Three are in South Jersey: a Sears in Vineland, and Kmarts in Mantua, Gloucester County, and Manahawkin, Ocean County. Three Kmarts in […]
The mall isn’t dead. It’s alive and well in Tampa’s Hyde Park Village
Justine Griffin/Tampa Bay Times – With shops like Restoration Hardware, Williams-Sonoma and a Jacobsons department store, Hyde Park Village used to be the mainstay of luxury shopping in Tampa. Its charming open-air streets and slew of high end restaurants and boutiques made it the shopping destination in the entire Tampa Bay region. But when International Plaza […]
Struggling Sears offers space in 2 Austin stores to other retailers
Gary Dinges/Austin-American Statesman – With sales continuing to sag, struggling retailer Sears is trying to bring in extra cash by leasing out large chunks of its stores to other retailers, such as Austin-based Whole Foods Market. In Austin, Sears is currently offering up half the space at two of its stores – if the price is […]
