15 Bloom locations to convert to Food Lion
Salisbury, N.C. — Delhaize America said Monday it plans to convert all of its Bloom stores in North and South Carolina to the Food Lion banner, with the exception of one Bloom store in Mauldin, S.C., that will close.
According to a report by Supermarket News, the 15 Bloom locations in the Charlotte and Greenville, S.C., markets will be converted "as quickly as possible."
The company said it plans to continue expansion of the Bloom banner in the southeastern Virginia and Washington, D.C., areas, and that "efforts are underway to further strengthen the brand and poise it for continued success in these markets."
Report: Another 75 Borders stores closing
Ann Arbor, Mich. — Borders Group is expected to announce that another 75 stores will be closed.
Mike Edwards, president, in a conference call said that the additional store closings would come from a group of 140 "bubble stores" that had already been identified for possible closings.
The bookseller previously said it would close 200 stores when it announced it had filed for Chapter 11 bankruptcy on Feb. 16. At the time, the retailer said another 75 could be closed. The new round of stores has not yet been identified.
Wal-Mart plans to add hundreds of smaller stores in next three years
Bentonville, Ark. — Wal-Mart Stores, in a presentation at a Bank of America Merrill Lynch conference on Thursday, announced that it would open “hundreds” of smaller-format stores over the next three years.
According to Bill Simon, president and CEO of Wal-Mart U.S., the ramped-up development could be augmented by some acquisition activity, although he didn’t elaborate on specifics.
The retailer had said it planned to open 30 to 40 smaller units this year in rural and urban areas and that there were “thousands” of potential sites in the U.S. Earlier, Wal-Mart announced it would build its first three smaller-format Express stores, the first of which is slated to open on Chicago’s South Side this summer.
The new stores will include mid-sized Neighborhood Market locations of 30,000-60,000 sq. ft. and the rest will be smaller, Simon said at the investor conference. The Neighborhood Market concept will be renamed “Walmart Market.”
Simon said the retailer will introduce more stores on university campuses, and that there are “there are hundreds, if not thousands of opportunities in the U.S.” for the smaller-format stores.
Simon also announced at the conference that he saw business trends improving in the United States for the retailer, but that it was too early to revise its forecasts upward.