January 19, 2022
On January 10, Big Lots provided a long-term growth outlook, though did not provide relevant timelines. The Company set goals of $8 billion to $10 billion in sales and the opening of an additional 500 stores. The store base is c ... Read more
January 11, 2022
Last week, Macy’s revealed the six full-line Macy’s stores it plans to permanently close in 1Q22. The stores are in City of Industry, CA; Centennial, CO; Baytown, TX; Boulder, CO; Lee’s Summit, MO; and Mountain ... Read more
January 5, 2022
Southeastern Grocers (SEG) announced that it completed 78 overall store improvements in 2021, including the remodel of 54 stores throughout its five-state footprint. The Company also added 19 new liquor stores to its portfolio, o ... Read more
December 22, 2021
Hy-Vee recently outlined plans to expand into four new states and build its third distribution center in Nashville, TN, to support the opening of more of than 20 new stores over the next four years. The Tennessee DC will initia ... Read more
December 15, 2021
Costcos FY22 got off to a fast start as 1Q22 sales jumped almost 17% and comps improved just under 10% (excluding fuel). The International segment (excluding Canada) was the top performing region with comps growing 11 ... Read more
December 8, 2021
Dollar General managed a modest sales increase in 3Q21, generated primarily by new store growth, as comps fell for the third quarter in a row. The sales gain was aided by improvements in the se ... Read more
December 1, 2021
Dollar Tree’s President and CEO Michael Witynski commented in a call with analysts that, so far, the Company’s plan to raise its price point from $1.00 to $1.25 across its store base hasn’t appeared to dis ... Read more
November 24, 2021
CVS Health announced last week it will be closing approximately 900 of its 9,955 stores (includes 1,845 within other retailers, like Target). Perhaps more significantly, CVS said it was dividing its retail stores into three dis ... Read more
November 17, 2021
Restaurant Brands International (RBI) announced the acquisition of Firehouse Restaurant Group Inc. (dba Firehouse Subs) for $1 billion, which will be funded through a combination of cash and debt. As of September 30, RBI had $1 ... Read more
November 10, 2021
On November 8, Price Chopper/Market 32 and Tops Markets completed their previously announced merger. Under the terms of the agreement, the two companies will be managed locally by their respective leaders and continue to be ... Read more
