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  • Kroger buys iconic New York specialty grocer

    The Kroger Co. has acquired a New York City-based retailer of specialty cheeses and meats.   The supermarket giant has purchased Murray's Cheese, which was founded in 1940. Financial terms of the deal were not disclosed.    Kroger also bought the three Greenwich Village retail condominium units that house Murray’s home base. The five-story, 22,000-sq-ft. building, which is also home to a bakery, was owned by Murray’s Cheese.    
  • Report: Alibaba sets up shop in Australia

    To tap growing global demand among shoppers in Australia and New Zealand, Alibaba opened its new international office in Melbourne.   On Saturday, Feb. 4, the e-commerce giant opened its new headquarters as a means of extending its reach — and product availability — to shoppers across the two countries, Reuters reported.   
  • Teen retailer files for Chapter 11 — again

    The Wet Seal has filed for Chapter 11 bankruptcy protection for the second time in a little over two years.   The move comes after the struggling teen apparel retailer said it planned to close all its stores after it was unable to find a buyer or fresh capital.  The company’s website is still selling merchandise, with all goods discounted.     
  • Warehouse club retailer to open new location and DC

    PriceSmart is ready to break ground on its newest locations.    The warehouse club retailer has acquired approximately 242,000 sq. ft. of land in Santa Ana, Costa Rica — the home of its newest warehouse club set to open in the fall. This will be the chain’s seventh club operating in Costa Rica.  
  • Discounter embarks on its largest hiring spree to date

    Dollar General is setting records with its upcoming employment search.   With plans to open 1,000 new stores and two new state-of-the-art distribution centers this year, the chain is preparing to fill approximately 10,000 new jobs — about a 9% overall increase to its workforce.    The hiring spree marks the largest one-year employee increase through organic store and distribution center growth in the company’s 78-year history, the chain said.  
  • Commentary: Ralph Lauren brand is ‘lost’

    Neil Saunders, managing director of retail research and consulting firm GlobalData Retail (formerly known as Conlumino) analyzes Ralph Lauren Corp.’s third quarter results and the news that CEO Stefan Larsson is leaving the company after a little over a year on the job. His comments are as follows:   
  • Amid weak Q4 results, Under Armour loses key exec

    In addition to disappointing fourth quarter sales, Under Armour announced that its CFO is stepping down.   The company reported that CFO Chip Molloy is leaving the company “due to personal reasons,” and David Bergman, Under Armour’s senior VP, corporate finance, will serve as acting CFO. Molloy will remain with the company in an advisory capacity to assist with the transition, the brand said.  
  • Home improvement giant in big commitment to wind power

    On a wind farm near McAllen, Texas, with windmills that stand taller from tip to base than the Statue of Liberty, Home Depot is harvesting enough electricity to power 100 Home Depot stores.   The juice is flowing because of the Atlanta-based retailer’s deal with EDP Renewables North America, a deal that marks Home Depot’s first major investment in a wind-powered renewable energy project. The company says that in addition to supplying power to 100 stores, the deal provides $150,000 in local community benefits.  
  • Lamps Plus purchases $7 million warehouse to speed up fulfillment

    Lamps Plus is taking steps to meet its shoppers’ increasing demand.   The lighting retailer is expanding its warehouse presence in Redlands, Calif., with the acquisition of a 57,000-sq.-ft. building. The building is located next to Lamps Plus’ existing 800,000-sq.-ft. facility, which opened in 2007.   
  • Amazon wins new robot patent

    Amazon’s packing processes are about to get even faster.   The retail giant has been issued a patent for a robot that can pack orders, potentially speeding up the fulfillment process, according to NBC News.   
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