Category Archives: Retailers

Target to Acquire Same-Day Delivery Platform Shipt, Inc.

Target will acquire Shipt for $550 million. The deal will allow Target to offer same-day delivery at approximately half of its stores by early 2018, and the majority of Target locations by the 2018 holiday season. Groceries will be among the products available for same-day delivery at launch, and Shipt will continue expanding its partnerships with other retailers.

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Lidl is abandoning plans to open stores in smaller U.S. markets

Lidl is abandoning plans to open stores in smaller U.S. markets such as Staunton, VA, East Lampeter Township, PA, and Austintown Township, OH, and put a location in Mantua Township, NJ, on hold. Customer traffic at Lidl’s new locations has slowed following its initial success, and the company will need to find ways to increase customer loyalty, according to industry analysts.

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Dollar General reveals 2,000 store plan

Dollar General’s 4.3% third quarter same store sales increase handily exceeded analysts’ estimates and the company disclosed a massive, even by Dollar General standards, 2018 real estate plan involving new and remodeled stores.

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Target to take smaller stores to new towns in 2018

Target will expand its smaller-format store concept into new markets next year as part of a push to grow the concept from 59 to 130 locations over the next two years. The retailer will open a 54,700-square-foot store in Dallas and two smaller locations in the Massachusetts towns of Burlington and Cambridge.

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