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Report: Gen Y loves Walmart
Generation Y prefers to shop at Walmart over Target, Costco, Kroger, Whole Foods, and Trader Joe’s, according to Ad Age.
"Millennials now, as a generation, like Walmart the best, more so than Generation X, more so than boomers," Matt Kistler, Walmart’s senior VP-consumer insights and analytics, said.
Walmart is most popular among people under 24, as well as every store but Target among 25- to 34-year-olds, according to InfoScout, a provider of shopper insights with a nationwide panel of more than 170,000 shoppers.
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Anna’s Linens files for Chapter 11; negotiating sale
Costa Mesa, Calif. — Anna's Linens Inc. announced it filed for Chapter 11 bankruptcy court protection on June 14. The retailer said it is working to negotiate a sale to DW Partners, a multi-strategy fund manager with $6 billion in assets.
The asset management firm would become “the stalking horse” bidder, and make the initial bid in a bankruptcy auction sale.

