Convenience Stores

Walmart may make a bid for 345 store Hong Kong supermarket chain known as ParknShop that is owned by Hutchison Whampoa, according to a Reuters report that cited people familiar with the matter.

Walmart is often linked to international retailers as a potential acquirer and according to the Reuters report it is among eight potential suitors for ParknShop who have until August 16 to submit preliminary offers.

Bentonville, Ark. – Wal-Mart is considering entering the bidding for Hong Kong-based grocery chain ParknShop, Reuters reports. Wal-Mart is currently exploring options to enter the initial bidding process for ParknShop, which closes Aug. 16.

ParknShop is owned by Hutchison Whampoa Ltd., which in turn is owned by Li Ka-shing, reputedly the wealthiest man in Asia. The chain may be valued as high as $4 billion.

Wal-Mart, which has not commented publicly, said last year it would open 100 new stores in China by 2015.

Washington, D.C. -- In a settlement agreement with the U.S. Labor Department, Wal-Mart Stores Inc. has agreed to improve safety conditions for employees who use trash compactors and cleaning chemicals at 2,857 Walmart and Sam’s Club stores in 28 states.

The retailer will also pay a $190,000 fine to fix hazards uncovered during an Occupational Safety and Health Administration inspection at a store in Rochester, N.Y.
 

Max-Wellness, the health and wellness retail concept founded by former OfficeMax CEO Michael Feuer, named VP of finance Tom Mack to the newly created role of SVP and chief financial and administrative officer.

Mack joined the company in the fall of 2011 as controller and was elevated to the vp of finance role last year. Max-Wellness operates six stores, three in the Cleveland area, two in Naples, Fl., and one in nearby Sarasota.

New York  — New Street Realty Advisors has announced two recent transactions:

Quincy, Mass. -- Grocer Stop & Shop said it will close its six Stop & Shop banners and three gas stations in New Hampshire by Sept. 21, marking the chain’s exit from the state.

McLean, Va. – Cabela’s used mobile payment processing software from Sage Payment Solutions at seven recent Family Outdoor Days events for holders of its Cabela’s Club Visa card. Sage Mobile Payments was successfully deployed at the Dilliner, Pa., Berlin, Wis., Puyallup, Wash., and Billings, Mont. Family Outdoor Days on June 1, June 20, July 13 and July 27, respectively. The three remaining Family Outdoor Days events will occur in Prior Lake, Minn., on Aug. 10, Cedar Fort, Utah, on Aug. 24, and Kearney, Neb., on Sept. 28.

Cary, N.C. -- C-store operator The Pantry reported that net income for the quarter ended June 27 dropped to $5.9 million from $14.8 million in the year-ago period.

Same-store merchandise revenue edged up 1.3%.