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  • Phillips Edison REIT expands grocery-anchored portfolio

    Cincinnati - Phillips Edison Grocery Center REIT II Inc. has acquired two grocery-anchored shopping centers, expanding the company's portfolio in Colorado. Meadows on the Parkway is a 216,437-sq.-ft. grocery store-anchored shopping center in Boulder, Colorado, The center is anchored by Safeway and also features national tenants Subway, Regus, Great Clips, Michaels, Anytime Fitness and Fast Signs.

  • Bon-Ton Stores names retail vet as COO

    Bon-Ton Stores has hired a 30-year veteran of the retail industry as its chief operating officer.

    The Bon-Ton Stores Inc. has named William Tracy to the position of COO, effective July 27. Tracy will have responsibility for stores, information systems, supply chain, distribution & logistics, omnichannel strategy, real estate, and HR.

  • A&P store sell-off begins

    Quincy, Mass. – The sell-off of stores from the newly bankrupt Great Atlantic and Pacific Tea Co. (A&P) has begun. The Stop & Shop Supermarket Co. LLC has entered into an agreement with A&P to acquire 25 A&P stores in greater New York for $146 million.

  • Alibaba gives CPG giant direct access to Chinese customers

    Hangzhou, China - Alibaba Group is providing the Chinese arm of a major global CPG company direct access to the Chinese consumer market. Alibaba and Unilever China are launching a comprehensive strategic partnership focused on areas including rural China penetration, cross-border e-commerce, Big Data-driven advertising, and supply chain optimization.

    This agreement builds on a partnership that started five years ago with a single Tmall store. Through this strategic partnership, Alibaba Group and Unilever China will work together to:

  • Dunkin’ Donuts seeks gold with California expansion

    Canton, Mass. – “California, I’ll be knocking on the golden door.” Dunkin’ Donuts executives may find themselves singing these words from the Grateful Dead classic “Estimated Prophet” as the coffee retailer pursues a massive expansion strategy in the most populated U.S. state.

  • Stop & Shop, Kroger hungry for A&P stores

    Northeast grocery chain A&P may not have been able to make a go of it, but other retailers are already looking to capitalize on the failed supermarket's real estate holdings. 
  • Major grocery chain files chapter 11; sells stores for $600 million

    Montvale, N.J. – The rumors are true. As expected, the Great Atlantic & Pacific Tea Company Inc. (A&P) has filed for Chapter 11 bankruptcy.

    In a brief statement on its website, privately held A&P says it has secured financing of $100 million and voluntarily filed for chapter. A&P has also entered agreements to sell 120 stores for $600 million and will close more of its 296 stores in the near future.

  • Instacart expands employee option

    San Francisco - Instacart  is expanding a program that lets some contract workers become part-time employees. The online grocery delivery service is now offering its contractor in-store shoppers in Houston and Austin, Texas, the option of applying for new employee roles with expanded responsibilities.

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