The Fresh Market has agreed to be acquired by a private equity firm several months after the retailer said it would initiate a review of strategic alternatives and a possible sale.
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Walmart and Aspen funding retail worker research
The Bureau of Labor Statistics lists “retail salesperson” as the most common job in America, but the retail industry is evolving rapidly as is the nature of work. A new $5.5 million research grant from Walmart and the Aspen Institute aims to understand how.
The largest portion of the grant is dedicated to exploring alternative models to provide career pathways for frontline retail workers, according to a statement from Walmart and the Aspen Institute, an organization known for pioneering new approaches to complex problems.
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Mid-America Real Estate handles sale of Fenton Commons in St. Louis MSA
Fenton Mo. -- Mid-America Real Estate Corporation’s Investment Sales team brokered the sale of Fenton Commons located in Fenton, Missouri. Colorado based GDA Real Estate acquired the 82,242-sq.-ft. property for $15 million.
Fenton Commons is anchored by Best Buy, Old Navy and Barnes & Noble with Chili’s and Bank of America.