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Wegmans making its first foray into NYC
posted on Apr 19 19

Wegmans is entering New York City for the first time with a 74,000-square-foot store in the Brooklyn Navy Yard. The supermarket is expected to open in the fall and will be one of three new locations to open this year. Read the Forbes story here

Posted by: Mike Pallerino
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Madewell IPO could be part of J. Crew’s turnaround plans
posted on Apr 19 19

J. Crew’s turnaround plans could include spinning off its popular Madewell brand into a separate, publicly-traded company. Madewell booked a 26% sales increase last year, and an IPO for the brand could come as soon as the second half of this year. Read the Reuters story here

Posted by: Mike Pallerino
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BMO: Old Sears, Kmart stores suitable for Amazon’s Whole Foods
posted on Apr 19 19

As many as 110 old Sears and Kmart stores might be of interest to Amazon for Whole Foods grocery operations because of the surrounding demographics, according to a client note from BMO Capital Markets. Read the CNBC story here

Posted by: Mike Pallerino
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Paseo Nuevo Mall in California begins renovations
posted on Apr 19 19

A multimillion-dollar renovation has begun at Paseo Nuevo Mall in Santa Barbara, California. Owner Pacific Retail Partners Capital is adding new restaurants and stores, as well as fire pits, a water feature, charging stations and a bocce ball court. Read the KEYT-TV story here

Posted by: Mike Pallerino
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Walmart plans big changes at 500 US stores in 2019
posted on Apr 18 19

Walmart will invest $11 billion in its stores this year, with plans to remodel 500 locations for expanding digital commerce and improving the supply chain. Remodels will include a long list of changes including adding self-checkout kiosks, re-merchandising grocery and electronics sections and adding consultation rooms in the pharmacy departments. Read the Digiday story here

Posted by: Mike Pallerino
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