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Sam’s Club faces new competitive threats
Jet and Boxed are two online retailers taking aim at the warehouse club channel and drawing increased funding from venture capitalists who believe the channel is vulnerable.
New York-based Boxed has raised $33 million and operates three physical warehouses in the Northeast that shoppers interact with digitally. It does not charge a membership fee.
Jet charges a membership fee and functions more like a marketplace by providing a platform for third party sellers.
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Bob’s Discount Furniture to open DC to support store expansion in Chicago
Manchester, Conn. -- Bob’s Discount Furniture has leased a 751,966-sq.-ft. warehouse and distribution building in Shorewood, Illinois, as it prepares to expand its growing retail furniture business into the Chicago area.
Bob’s, the 14th-largest U.S. furniture chain, has opened nearly a dozen new stores across the East Coast and Mid-Atlantic regions during the past two years. But this new facility marks its first move into the Midwest.
