Distribution

San Antonio, Texas -- Dallas-based Venture Commercial said Tuesday it has completed seven leases in the San Antonio market for Best Buy Mobile stores. Six of the stores, ranging in size from 1,500 sq. ft. to 4,500 sq. ft., opened in 2012 and the seventh is expected to open in 2013.

Walmart's U.K. chain, Asda, is optimizing its distribution operations by incorporating Isotrak vehicle-tracking, along with Paragon routing and scheduling software.

The new system has enabled Asda to implement a new regional distribution structure.

GRAND RAPIDS, Mich. — Chief Super Market, an Ohio-based grocery chain, has selected Spartan Stores, a regional grocery distributor and retailer, as its primary wholesale grocery supplier.

Chief operates 12 stores in Northwest and West Central Ohio under the Chief and Rays banners. Spartan Stores stated that it will assume distribution to all of Chief’s banners for grocery, dairy, frozen, bakery and other products in March.

Eden Prairie, Minn. -- Bloomberg reported Tuesday that Supervalu Inc. has set the rate it will pay on $2.4 billion of loans to fund the sale of five supermarket chains to a Cerberus Capital Management LP-led investor group.

A six-year, $1.5 billion term will pay interest at 5.75 percentage points more than the London interbank offered rate with a 1.25 percent minimum, reported Bloomberg, citing an unnamed source.

By Kevin Farkas, [email protected]

Suppliers to Walmart are facing a new zero tolerance policy that will require adherence to stricter compliance measures and potentially add new costs.

PHILADELPHIA — Teen and tween retailer Five Below will open 60 stores this year, including its first-ever locations in Texas.

The retailer said it will open four to five stores in Austin, Texas, and 10 to 12 stores in Dallas by late summer, with the potential for more than 100 stars in the Lone Star Sate stores over time.

Woodland Hills, Calif. -- Great American Group said Friday it has been selected to handle the liquidation of Bakers Footwear Group, offering discounts for products in 56 of Bakers Footwear Groups’ remaining stores, as well as online at Bakersshoes.com.

Bakers locations in Alabama, California, Connecticut, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia are part of the sale event.
 

Philadelphia -- Teen and tween retailer Five Below will open 60 stores this year, including its first-ever locations in Texas.

The retailer said it will open four to five stores in Austin, Texas, and 10 to 12 stores in Dallas by late summer, with the potential for more than 100 stars in the Lone Star Sate stores over time.

New York -- Mexican supermarket and restaurant operator Gigante has entered into a joint venture with Petco Animal Supplies to open at least 50 stores in Mexico and other Latin American countries over seven years, Reuters reported.

The first two Petco stores will open this year in Mexico City and Guadalajara, Gigante said in a release to the stock exchange.

The financial terms of the agreement were not disclosed.