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Wal-Mart buying minority stake in Chinese online retailer
Bentonville, Ark. -- Wal-Mart Stores is buying a minority stake in online company Yihaodian, which sells groceries, consumer electronics, clothing and other items. Terms of the deal and the size of the stake were not disclosed.
The deal will help expand the Wal-Mart’s reach into China, where it has 328 stores (as of Dec. 31, 2010).
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Safeway in DC earns LEED certification
New York City -- Safeway’s store in the Georgetown section of Washington, D.C, has earned LEED (Leadership in Energy and Environmental Design) certification. The 71,067-sq.ft. store is the grocer’s second LEED-certified store, and the first LEED certified store in DC.
