Boise, Idaho – Locally based Albertson’s Inc plans to close about 165 stores in 25 states and eliminate 15% to 20% of managerial and administrative jobs above store level. The No. 2 U.S. supermarket chain also will take a charge as part of a broad...
Atlanta – Police evacuated the headquarters of locally based Home Depot Inc. yesterday when a suspicious-looking package was found in the mailroom. Police bomb experts used a robot to retrieve the package, which was found to be a large box of...
St. Louis – Locally based May Department Stores Co. named Steve Nelson as senior vice president of stores and visual merchandising, which is a new position for the company. Nelson will begin his new role October 1, and he will report to May’s two...
San Francisco – Following approval by both companies’ shareholders and California state authorities, locally based LoopNet Inc. and Los Angeles-based PropertyFirst.com recently announced that their merger transaction has been completed...
Bentonville, Ark. – Locally based Wal-Mart Stores Inc. recently said it will offer free check cashing for any of the forthcoming 91 million tax-rebate checks, which will be worth a cumulative $38 billion...
Raleigh, N.C. – Locally based Konover Property Trust Inc. (KPT) entered into a definitive agreement to sell a portfolio of outlet shopping centers to Roseland, N.J.-based Chelsea Property Group Inc. for $180 million. Closing is expected to take...
Lakeland, Fla. – CEO Howard Jenkins has stepped down from his position of locally based Publix Super Markets in order to spend more time with his children...
Valhalla, N.Y. – Starting tomorrow, locally based Cappelli Enterprises will begin the demolition of the former Macy’s store in downtown White Plains, N.Y. The demolition marks the first phase of work on what will be one of the largest real estate...
Atlanta – While the energy crisis may be having a negative impact on some retailers, the locally based Home Depot is seeing some advantages. The number one home improvement retailer recently reported strong sales of items that reduce home energy...
New York – Locally based Cushman & Wakefield and Los Angeles-based Cushman Realty Corp. recently completed a merger of the two commercial real estate firms. Terms of the merger signing were not disclosed as the new firm, which retains the name...