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jet.com’s strategic move takes aim at Costco
Walmart’s e-commerce arm is shaking up its private label offerings. Jet.com will increasingly phase out its assortment of Kirkland Signature branded merchandise — Costco’s private label brand. The move is said to help augment efforts among Walmart’s Sam’s Club chain, which is focused on boosting sales among its own store brand, Member’s Mark, according to Bloomberg. -
GDA acquires portion of Michigan power center
GDA Real Estate Services has purchased an 174,353-sq.-ft. portion of the Marketplace at Delta Township Lansing, Michigan, in a deal brokered by Mid-America Real Estate Corporation. The sale price was not disclosed. Key tenants at the acquired property include Michael’s, Petsmart, Tractor Supply, and Ulta Beauty. It is shadow-anchored by Walmart and Lowes.

