Friday, November 12, 2010

Weeks End One Liners: ShopRite may open in Patchogue, A&P Sells Six Properties


Walmart Wage & Hour suit Settled in CA
A U.S. District Court judge in Oakland, CA granted final approval this week to the settlement of a wage-and-hour class-action suit against Wal-Mart's California operations.

The settlement, which provides for a payment of between $43 million and $86 million, concludes more than four years of litigation concerning payment of wages to California workers. As part of the settlement, Wal-Mart also agreed to continue to maintain electronic systems that will protect the rights of workers. 

The Observer reports on Wal-Mart's latest sales pitch to enter NYC...a great read that counters the NY Post's endless Walmart support:
Yet it is just as possible that Walmart could undermine other city retailers who pay better wages, which gives people more money to spend at other stores, which also helps drive the economy. Less disposable income, less taxes, a greater housing burden, more welfare and so on
A ShopRite may be the previously unconfirmed supermarket to be moving in next to the Raymour & Flanagan furniture store that is under construction on the site of the former Home Depot on Sunrise Highway in Patchogue.

The struggling A&P announced on Tuesday they have agreed to sell six Pathmark locations to Winstanley Enterprises in a sale- leaseback transaction for $89.8 million. 

More @ Reuters.

Meanwhile yesterday A&P announced a new in-store marketing partnership.

Wal-Mart Opens New $115M Distribution Center Outside Calgary
Wal-Mart Canada officially opened today its new $115-million fresh-food distribution center in Balzac, which will serve as a hub for its wester Canadian stores. 

City Officials Try to Win Over Walmart Opponents
Baltimore, MD -- A proposed Walmart in the heart of the city is a step closer to becoming reality. The mayor and council said they believe the 11-acre complex will be a valuable economic engine for the for the city and they've managed to win over many community members who initially opposed the project. 


BJ's Wholesale Club is for Sale?[Buisness Week]
BJ’s Wholesale Club Inc. plans to run an auction to sell itself after receiving an offer from private-equity firm Leonard Green & Partners LP in recent months, said three people with knowledge of the situation.
BJ’s hired Morgan Stanley to help sell the company, said two people, who declined to be identified because the matter is private. Morgan Stanley will also offer to provide financing to potential buyers, or so-called staple financing.
More @ Bloomberg


Costco Argues Before Supreme Court For Ability to Sell Imported Goods For Less
Did the Issaquah box-store giant go too far by undercutting the manufacturer itself? That was the retailing quandary before the U.S. Supreme Court on Monday in the oral arguments in the copyright feud between Costco and the Swiss watchmaker Omega. 

The Examiner.com thinks Balducci's will return to Manhattan, sooner than later.

Battle between a Duane Reade and a Mom & Pop pharmacy in Williamsburg is growing...

Trader Joe's in Lake Grove (Long Island) will be moving closer to competitor, Whole Foods, into a vacant Toys 'R Us at the Smithhaven Mall plaza, the move will be finished in the coming weeks.

RetailWire: Trader Joe's moves in on Fairway's turf, Upper West Side.

25,00 members of UFCW Local 21 have been voting this week on an offer from four major chains: Safeway, Albertsons, QFC and Fred Meyer. They recently OK'd a Strike.
Enhanced by Zemanta

No comments:

There was an error in this gadget

Translate