November 20, 2024
Whole Foods will open two new locations on December 10 in Boynton Beach, FL and Nashua, NH. The 42,000 square-foot Florida location will feature more than 1,500 local products from 240 suppliers in the state. The 44,000 square-foot New Hampshire store will offer more than 1,180 products from 175 New England-based suppliers. On December 12, Whole Foods will debut a 44,000 square-foot grocery store in Stamford, CT that will feature more than 1,000 local products from 250 Northeast suppliers.
Camping World agreed to acquire seven dealerships from Lazydays Holdings, for a net cash outlay of $10 million to $20 million. Camping World elected to convert the deposit on the transaction to 9.7 million shares of Lazydays common stock. The Company estimates the seven locations generated nearly $200 million of revenue on a TTM basis. As shown in the adjacent map, the dealerships are located in Surprise, AZ; Murefreesboro, TN; Sturtevant, WI; Council Bluffs, IA; Elkhart, IN; Portland, OR; and Woodland, WA.
True Value received Court approval to sell substantially all of its assets to Do It Best for $153 million in cash, plus up to $45 million of assumed liabilities. Do It Best was designated as the successful bidder after an auction was cancelled because there were no other qualified bids.
As shown in the adjacent map, True Value operates 2,000 stores and Do It Best operates 3,200 stores.
The FTC proceedings will continue until the issue of an injunction is resolved in Federal Court. In that regard, the FTC rescheduled an administrative evidentiary hearing to February 9, 2025 from November 12, 2024.
Advance Auto Parts plans to reduce its U.S. asset footprint by 523 Advance corporate stores, 204 independent locations, and four distribution centers. The Company operates 4,600 stores in the U.S. As shown in the adjacent Retail Openings & Closings map, announced closures have been focused in Wisconsin, California, Oregon, and Washington.
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