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Strategy

  • Brixmor Property Group signs grocery-anchor at Highridge Plaza

    Yonkers, N.Y. -- Brixmor Property Group announced it has strengthened its tenant offering at Highridge Plaza in Yonkers, New York, with the addition of Hmart, an Asian-American supermarket chain. Hmart is scheduled to open a 41,764-sq.-ft. store in fourth quarter 2016.

  • Meijer donates $500,000 to help residents of Flint, Michigan

    Meijer is continuing to provide support to Flint with a $500,000 donation to help meet the needs of the city’s residents, who are struggling with contaminated drinking water.

    The retailer’s donation will be distributed to three nonprofit organizations that are coordinating a variety of relief efforts related to the ongoing water crisis, including:

  • CVS Health opens first pharmacy within Target in N.C.

    The first of the pharmacy-within-a-store concepts showcasing the CVS Health and Target partnership went live Wednesday morning in the Charlotte, N.C. market. CVS Pharmacy and Target executives participated in a grand opening celebration at the Target store on Weddington Road in Wesley Chapel.

  • Grocery veteran named new CEO at Supervalu

    Supervalu Inc. has chosen a new leader to take the company forward as it prepares for a potential spin-off of Sav-a-Lot.

    On Wednesday the company announced the appointment of Mark Gross as its president and CEO. Gross, 52, will succeed Sam Duncan who has previously announced he will be retiring.

  • Lowe’s in big step up in Canada with purchase of home improvement chain

    Lowe's is making major moves in Canada with the $2.3 billion purchase of Rona Inc., a Canadian home improvement retailer and distributor.

    Lowe's had previously made an unsolicited bid on the company more than three years ago, but the substantially higher offer this time around was accepted by Rona's board.

  • Westfield unveils new customer journey at LAX Terminal 2

    Los Angeles -- Westfield invested $78.3 million into LAX terminal 2 in Los Angeles, transforming nearly 76,000 sq. ft., including more than 15,000 sq. ft. of new dining and retail at Los Angeles International Airport. According to Westfield, the upgrade brings together a vibrant design, local restaurants and signature retail, creating a more holistic customer journey.

  • Baker Katz acquires 30,000 sq. ft. of land in Houston

    Houston -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm specializing in retail tenant representation, investment sales, and project development and leasing, announced that it has purchased 30,000 sq. ft. of land in Houston and completed a 7,000-sq.-ft. lease on behalf of Advance Auto Parts. Construction will slated to begin this month with an opening in May 2016.

  • Report: U.S. retail and consumer M&A value at five-year high in 2015

    The year 2015 was a big one for mergers and acquisitions in the retail and consumer sectors, with 31 multibillion dollar deals driving activity during the year.

    United States retail and consumer (R&C) total transaction value for 2015 hit a five-year high and surpassed the $100 billion mark for the third year in a row, according to PwC’s U.S. retail and consumer deals insights 2015 Year in Review and 2016 Outlook report.

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