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Wal-Mart buying minority stake in Chinese online retailer
Bentonville, Ark. -- Wal-Mart Stores is buying a minority stake in online company Yihaodian, which sells groceries, consumer electronics, clothing and other items. Terms of the deal and the size of the stake were not disclosed.
The deal will help expand the Wal-Mart’s reach into China, where it has 328 stores (as of Dec. 31, 2010).
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The Foundry Big & Tall Supply Co. opens at The Centre at Preston Ridge
Frisco, Texas -- New York City-based Centro Properties Group said that The Foundry Big & Tall Supply Co. has opened at Preston Ridge, located in Frisco, Texas.
The 5,000-sq.-ft. store is part of the new Growth Brands Division at J.C. Penney Co.
Preston Ridge is owned by Centro.
