European hard discounter Lidl, which plans to have stores open in the U.S. no later than 2018, launched a website for suggestions on potential real estate sites, as well as vendor and employee applications.
Technology company Inmar has acquired retail consultancy Willard Bishop, in a move that it says will provide manufacturers and retailers “cohesive and complete access” to consumer products data, analysis and insights.
The Federal Reserve has kept interest rates near zero for several years, but is now considering increases that would likely translate into higher interest rates paid by retailers borrowing from banks or issuing new debt.
Rhythm Superfoods, an Austin, Texas-based manufacturer of organic and non-GMO plant-based superfood snacks, said it closed a $3 million Series C financing round with lead investment from 301 INC, the new business development and venturing unit of General Mills.
Blount Fine Foods, a Fall River, Mass.-headquartered manufacturer of premium soups, entrees, sauces and side dishes for retail and foodservice, said it purchased Food Source LP, a custom food manufacturer based in McKinney, Texas.
Sunny Delight Beverages Co. (SDBC) said its owner, Boston-based private equity firm J.W. Child Associates, agreed to sell SDBC to Brynwood Partners VII for an undisclosed amount, pending regulatory approval.
Following a “thorough review” of its nearly 11,600 stores worldwide, Walmart announced plans to close 269 stores in the U.S. and globally, including all 102 stores under the Walmart Express banner, its smallest U.S. format, in pilot since 2011.