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Amazon expands footprint in California
Amazon.com is finalizing plans to open a new 1.2 million-sq.-ft. fulfillment center in Moreno Valley, Calif., which will create more than 1,000 full-time jobs ahead of the holiday shopping season.
This will be Amazon’s fourth fulfillment center in the state. The company’s other sites are located in Patterson, San Bernardino and Tracy.
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Sears may spin off Lands’ End and Auto Center; sells five Canada stores
Hoffman Estates, Ill. – As part of a wide-ranging strategic review of its business, Sears Holdings Corp. is considering spinning off its Lands’ End and Sears Auto Center brands. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.