Strategy

Batavia, Ill. -- Comedian Ben Bailey is doing his thing in an Aldi supermarket as opposed to his usual taxi cab.

Aldi, the fast-growing deep-discount supermarket chain, has teamed up with Ben Bailey, best known as host of the former TV series "Cash Cab,” in an online video series. Described as equal parts education and entertainment, the series is designed to help introduce Aldi to new customers across the United States and in Southern California specifically, where it is planning to open approximately 45 new stores in 2016.

Salisbury, N.C. – How low can Food Lion go? When it comes to prices, very low indeed.

Food Lion has lowered prices on thousands of items it has identified as being most important to customers. The price reductions also include new signage throughout the store designed to make finding sale items easier.

Plano, Texas - Rent-A-Center Inc. has sold 14 rent-to-own stores located in Alberta and Ontario, Canada to Canadian merchandise leasing company Easyhome Ltd. The transaction included Rent-a-Center concurrently purchasing three Easyhome rent-to-own stores located in Florida, Missouri and New York.

Boston – A three-level CityTarget store is a main feature of a new $315 million mixed-use development on Boylston Street in the Fenway neighborhood of Boston. The Samuels & Associates development also includes a 172-unit luxury apartment building and adjoining 11-story office tower.

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Amazon.com and Walmart aren’t the only retailers lowering prices this month. Food Lion has jumped on bandwagon at its 1,100 stores with a three-pronged price reduction effort.

Food Lion has announced significant investments in prices throughout its stores by lowering prices on thousands of items that are most important to customers, according to the company, tapping into its longstanding heritage of low prices and convenient locations.

Cincinnati – Macy’s is reducing its presence in Pittsburgh. The retailer has sold its downtown Pittsburgh building at 400 Fifth Avenue to Philadelphia-based Core Realty and will close its store in that location.

Quebec -- The Quebec City-based Simons department store chains is planning to extend its brand across Canada, according to Canada’s Global News.

The 175-year-old Canadian retailer - plans to spend up to $200 million over the next four years on its expansion plan, which will result in eight additional stores openings across the country, the report said.

Chesapeake, Va. – Dollar Tree Inc. is not slowing down after finalizing its $8.5 billion acquisition of Family Dollar Stores Inc. last week. The retailer plans to open a 1.5 million-sq.-ft. distribution center in the vicinity of Spartanburg, South Carolina.