Walgreens Boots Alliance's acquisition of Rite Aid could be delayed, as the retailer continues to seek approval of the merger from the Federal Trade Commission by next week, sources said. Walgreens said it would sell 865 stores to Fred's under the $9.4 billion deal, which would make the combined chain the biggest drugstore retailer in the US.
Kroger has added shelf sensors and analytics technology at some of its stores to track grocery shoppers on their mobile devices, offer them tailored pricing on some products and call out products on their mobile shopping lists on display screens. The effort is part of the retailer's bigger "digital shelf edge" initiative, which aims to make grocery shopping more personal and bring more technology into stores, Chief Information Officer Chris Hjelm said.
Combining fresh offerings in brick-and-mortar stores as well as online and via home delivery allows Ahold Delhaize, owner of the Food Lion and Hannaford banners in the US, to compete with companies like Wal-Mart and Amazon Fresh, said CEO Dick Boer. "Customers search not only for value, they also search for product quality and freshness," he said.
A US Bankruptcy Court judge has granted Hanjin Shipping's request to sell its stake in container terminal operator Total Terminals International. Hanjin will sell its share to Mediterranean Shipping for $78 million.
Customers of Tim Hortons and Burger King in Canada will be able to place and pay for orders ahead of time using an app set to be rolled out this spring by parent company Restaurant Brands International. A trial of the app is being carried out at 25 Tim Hortons locations in Ontario and 25 Burger King locations in Miami.
Louis Vuitton has teamed up with New York-based streetwear brand Supreme and launched a new collection of menswear, bags and accessories. The high-demand Supreme brand has a distinct skater vibe and offers Louis Vuitton exposure to a new market.
Asian grocer Uwajimaya has been doing business in the Seattle market for 89 years, and the family-run retailer will welcome Denise Moriguchi to the CEO post next month, making her the third generation to run the company. Moriguchi aims to grow the retailer under her leadership, with plans to expand the chain beyond its four established and fifth planned stores and cement the Uwajimaya brand in the Pacific Northwest market.
Retailers are increasingly seeking out space near destinations like Florida's International Drive near Universal Studios and the Orange County Convention Center, and the state is looking to add more retail space near Topgolf, a racing complex and other destinations. "People are more likely to be out shopping and eating if they are near an attraction of some kind," said Bobby Palta, a real estate broker with CBRE.
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