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Convenience Stores

  • Albertson’s and Safeway to sell 146 stores to Haggen

    Boise, Idaho – As part of divestures to receive FTC clearance of their proposed January 2015 merger, AB Acquisitions Inc. (Albertsons) and Safeway Inc. will sell 146 stores to Pacific Northwest grocery chain Haggen. With this acquisition, which remains subject to FTC approval, Haggen will expand from 18 stores with 16 pharmacies to 164 stores with 106 pharmacies.  

  • Construction trends include increase in retail, restaurant ground-up projects

    CHICAGO - Top commercial construction trends for 2015 include an increase in retail and restaurant ground-up construction and a rise in shopping mall renovations, according to national general construction firm  Englewood Construction.       

  • RadioShack marketing head leaves company

    Fort Worth, Texas – The management shakeup continues at RadioShack Corp. Jennifer Warren, chief marketing officer of the troubled consumer electronics chain, has reportedly left the company.   According to the Wall Street Journal, Warren, who had served as chief marketing officer since early 2013 and was responsible for a highly publicized Super Bowl ad featuring 1980s celebrities, no longer works for RadioShack. There are no other details on her departure and Warren and RadioShack declined further comment. 

  • Wal-Mart’s Latin American chief to also serve as CEO of Mexican unit

    Mexico City - Wal-Mart de Mexico said that that Enrique Ostale, Walmex chairman and Latin America CEO for Wal-Mart Stores, will also take over as CEO of the Mexican company, effective January 1.  

  • DLC Management Corp. acquires The Shoppes At South Hills

    Poughkeepsie, New York - DLC Management Corporation announced its latest acquisition: The Shoppes at South Hills, a 518,000-sq.-ft. grocery-anchored power center in Poughkeepsie, New York.   This acquisition aligns well with DLC’s operations and features anchor tenants ShopRite, Burlington Coat Factory, Christmas Tree Shop, Hobby Lobby and Kmart. Other tenants include Ashley Furniture HomeStore, Bob’s Discount Furniture, and Chuck E. Cheese’s.   

  • Walmex bank division sells for $247 million

    Mexico City, Mexico - Grupo Financiero Inbursa, a banking firm owned by Mexican billionaire Carlos Slim, has reportedly bought the bank division of Wal-Mart de Mexico (Walmex) for $246.94 million, or 1.7 times Walmex’s bank capital.

     

    According to Reuters, Walmex has been focusing on selling its non-core assets, such as its restaurant division, in the past year.

  • Dunkin’ Brands to open 400-plus U.S. stores in 2015

    Canton, Mass. - Dunkin' Brands Group Inc., the parent company of Dunkin' Donuts and Baskin-Robbins, plans to add between 410 and 440 net new U.S. Dunkin’ Donuts restaurants five to 10 net new Baskin-Robbins U.S. restaurants in 2015. Globally, the company expects to open between 615 and 750 net new units in the coming year.  

  • 2015 commercial construction predictions: improved economy to mean more construction and renovations

    Chicago - Top commercial construction trends for 2015 include an increase in retail and restaurant ground-up construction and a rise in shopping mall renovations, according to national general construction firm Englewood Construction.  
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