The Zaandam, Netherlands-based grocer, which derives about two-thirds of its sales from the U.S., thinks the combination of physical stores and a strong online presence is key for the future.
Facing a crush of vacancies—and the rise of e-commerce—retail landlords are beginning to cut rents, the executive said in a memo.
Walmart’s online sales over the critical holiday period grew at less than half the rate of previous quarters, while investments Marc Lore made to enhance the e-commerce business dented profitability.
Industry professionals who have studied the companies’ operations are not convinced that the combination will create an entity strong enough to compete against Amazon.
Outstanding Hospitality Management, a St. Louis-based operator of airport restaurant spaces, filed a lawsuit on Monday against the company owned by the family of Jared Kushner.
Rite Aid will get a buyer after a failed merger with another chain last year. Albertsons will add new locations and size amid increasing pressure from online competitors.
Amazon Fashion is tied with Target as the second-most-shopped apparel retailer in the U.S., behind Walmart Inc., as measured by number of shoppers.
Retail landlords and CMBS investors could be in for more pain ahead if Bon-Ton continues to consolidate and close stores.
How bad is it really? Figuring that out isn’t as easy as you’d think.