December 18, 2024
On December 11, Albertsons announced the termination of its attempted merger with Kroger and revealed plans to sue Kroger for breach of contract after investing years and hundreds of millions of dollars to secure approval for the merger.
To help you navigate the merger rollercoaster over the last two years, we've crafted a detailed timeline capturing the key moments since the two giants unveiled their ambitious $24.6 billion deal in October 2022. Click here to view the video, and click here to download the PDF.
Whole Foods opened three new stores along the East Coast, including a 42,000 square-foot store in Boynton Beach, FL, a 44,000 square-foot store in Nashua, NH, and a similar sized store in Stamford, CT. These openings follow two in October, a 42,000 square-foot store in Hyannis, MA, and a 50,000 square-foot store in Phoenix, AZ (a relocation of an existing store in Paradise Valley, AZ). Currently, Whole Foods operates more than 520 locations in the U.S.
Looking ahead to 2025, check out the adjacent map for future openings, according to our Retail Openings & Closings map.
Macy's is facing pressure from activist investors, who want management to curb capex, repurchase shares, evaluate strategic alternatives from the stronger performing luxury Bloomingdale’s and Bluemercury businesses and separate its real estate holdings from the operating assets, which it believes are worth between $5 billion and $9 billion. Meanwhile, management said it would increase its targeted store closures for this year to about 65 and its expects to generate sale proceeds of about $275 million from store sales.
The below chart shows Macy's store count changes over the last six years for Macy's, Macy's Backstage, Bluemercury, and Bloomingdale's, according to data available on poi.retailstat.com.
The Container Store is reportedly preparing to file bankruptcy in "the coming weeks,” amid losses and liquidity issues. The reports state that the Company will seek Chapter 11 protection with a plan in place for lenders to take control. Last month, the Company was in advanced talks with lenders to provide additional capital. However, those conversations have since pivoted to restructuring talks.
The New York Stock Exchange announced it would commence proceedings to delist the Company's common stock. TCS subsequently indicated it would not appeal the delisting decision.
See the Company's store locations in the adjacent map.
Party City Holdco is reportedly considering a potential second bankruptcy filing following its Chapter 11 filing nearly two years ago. The Company exited that bankruptcy in October 2023 having only closed 68 stores, leaving it with about 800 upon emergence. Reports now indicate that the Company may file and close down all locations, though it is supposedly searching for a way to keep some stores in operation. It has also retained AlixPartners as financial advisor to assist with the process.
According to sources, Walgreens Boots Alliance is in talks to sell itself to private-equity firm Sycamore Partners, LP. Reports state that Walgreens and Sycamore have been discussing a deal that could be completed early next year, assuming negotiations continue. There is speculation that Sycamore may sell off pieces of the business or engage partners.
For Walgreens' 2025 proposed store activity plans, as compiled by our Retail Openings & Closings tracker, see the adjacent map.
The information contained in this newsletter is compiled from sources which RetailStat, LLC (“RetailStat”), does not control and unless indicated is not verified. Its contents are not to be divulged. RetailStat, its principals, and writers do not guarantee the accuracy, completeness or timeliness of the information provided nor do they assume responsibility for failure to report any matter omitted or withheld because of their negligence.