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Kroger among possible buyers for bulk retailer Boxed
posted on Jan 18 18

Kroger is among the possible buyers for online wholesaler Boxed, with bids expected soon, according to sources. Boxed most recently reported about $100 million in annual sales, including its own private label items. Read the Forbes story here

Posted by: Mike Pallerino
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Elon Musk plans to build retro restaurant with Tesla chargers in LA
posted on Jan 18 18

Tesla promised to build a retro-style “roller skates & rock” restaurant at one of the Los Angeles “Supercharger” stations for Tesla electric cars, leading to requests from two Bay Area NBC workers for him to do the same thing there. Read the San Jose Mercury News story here

Posted by: Mike Pallerino
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Ascend Collection adds Wallhouse Hotel in Ohio
posted on Jan 18 18

The Wallhouse Hotel in Walnut Creek, Ohio, will become part of The Ascend Hotel Collection by Choice Hotels International. Offerings at the award-winning hotel will remain unchanged except for the addition of the Choice Rewards program. Read The Repository story here

Posted by: Mike Pallerino
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The loss of Chicago’s last Sears could hit neighborhood hard
posted on Jan 18 18

The Sears store operating in the Northwest Side’s Portage Park neighborhood, Chicago’s last Sears location, isn’t on the chopping block, according to the company. However, locals worry that if the store does shut down, it would challenge the area’s economic revival efforts. Read the Chicago Tribune story here

Posted by: Mike Pallerino
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Outlook upbeat for soft brands after decade of success
posted on Jan 17 18

Soft brands have performed well since their debut in 2008, and continuing growth is projected as chains move into lower-priced sectors. Rising demand for experiential travel has Choice, Hilton, Marriott and Wyndham predicting expansion this year. Read the Hotel News Now story here

Posted by: Mike Pallerino
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