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Delhaize bails on Bottom Dollar
ALDI is accelerating its growth and dramatically increasing its presence in the Northeast with the acquisition of 66 Bottom Dollar Food stores from Delhaize Group.
Delhaize said it reached an agreement to sell its 66 Bottom Dollar stores in the greater Philadelphia and Pittsburgh markets for $15 million and associated lease liabilities. Delhaize said it would take an asset impairment charge of $180 million in conjunction with the sale.
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Guest Commentary: Retailers Prepare for Same-Day Shipping Options on Cyber Monday
Dan McNutt, Retail, Exel With the holiday season right around the corner, the coveted shopping season is even closer with Black Friday and Cyber Monday merely weeks away. In years past, holiday shopping was targeted to brick and mortar, Black Friday foot traffic, but with the steady boom in e-commerce, the shopping frenzy is now taking place in the digital world as well.
