Category Archives: News

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Amazon eyes London for first non-US Amazon Go store

Amazon is considering a London site for its first cashier-less Amazon Go store outside the U.S. The e-commerce company expects to open about 3,000 Amazon Go stores by 2021. Read the story here

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Luxury hotels outperform sector as a whole

Luxury hotels have maintained a 74.6% occupancy rate for 2018, beating the hotel sector as a whole. Rates continue to rise at high-end properties, in part because of low competition. Read the National Real Estate Investor online story here

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IKEA sets 80% target for cutting greenhouse gas emissions

IKEA aims to decrease 80% of greenhouse gas emitted in its production process by 2030 from their 2016 levels. The pledge applies to IKEA’s factories and the majority of its suppliers. Read the Reuters story here

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Lampert aims to acquire Sears for $4.6B

ESL Investments, the hedge fund controlled by Edward Lampert, has bid $4.6 billion to buy Sears and keep the retailer operating, according to a regulatory filing. The proposal, which would preserve about 50,000 jobs, includes about 500 Sears and Kmart …

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Amazon considers airports for Amazon Go stores

Amazon is exploring options for expanding its cashierless Amazon Go store concept to airports, according to public records. The company has opened seven Amazon Go stores since launching the first one in January. Read the Reuters story here

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Hilton takes organic approach to luxury brand growth

The Hilton luxury brands Conrad, Waldorf Astoria and LXR are benefiting from the company’s organic growth strategy. Hilton unveiled plans over the summer for LXR, starting with a rebranding of the St. Regis in Dubai. Read the Forbes story here

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N.Y. recognizes 7 for historic preservation

After undergoing a $37 million renovation and reopening this year, the Hotel Saranac in Saranac Lake, N.Y., joined six other recipients of annual state awards for historic preservation. Other honorees included the Randolph Houses in Harlem and the New York …

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IKEA picks NYC for first smaller “city center” store

IKEA will open its first small-format US store in New York City next year, one of 30 “city center” stores the retailer plans to open over the next few years. Shoppers will be able to order items for home delivery …

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Walgreens to test in-store Kroger grocery shops

Kroger will start selling groceries in 13 Cincinnati-area Walgreens stores starting early next year, in 4,000-square-foot sections called Kroger Express, according to The Wall Street Journal. The in-store shops will feature fresh produce, meal kits and other popular grocery items, …

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Charleys Philly Steaks continues expansion efforts

Charleys Philly Steaks opened its 600th location in Ohio in September — the chain’s second restaurant nationwide to include chicken wings and tenders on the menu and a drive-thru. The company intends to open 400 more eateries by 2022, with …

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