Food Lion to Open New Format
Salisbury, N.C., Food Lion is opening three new stores in South Carolina that represent a new format for the company, according to a report by morningnewsbeat.com. The 35,000-sq.-ft. new format has an expanded natural and organic selection, a large wine department and offers products that meet some specific dietary needs of customers, such gluten-free and dairy-free items. The renovation also includes re-designed grocery aisles, new customer-service counters and checkout lanes and a new decor package, with new signs, graphics and colors and improved lighting. Food Lion also announced last week that it is unveiling fresh makeovers at 26 stores in the tri-state area of Virginia, Maryland and West Virginia. Each store will reopen June 21.
Papa John’s to Open 500 Stores in India
New Delhi, Papa John’s International plans to open 500 pizza outlets across India over the next 10 years. The Louisville, Ky.-based pizza maker plans to expand its operations internationally and has identified six high-potential markets: Mexico, Britain, South Korea, China, India and Russia. Papa John’s has named Om Pizza and Eats India, an Indian fast-food company, as its franchisee, with plans to initially open 100 pizza outlets in northern India.
Wal-Mart to Exit South Korea
New York City, Wal-Mart Stores Inc. said South Korea’s Shinsegae Co. agreed to buy Wal-Mart’s South Korean retail business for 825 billion won, or $882 million. Shinsegae said plans to operate Wal-Mart Korea as a separate subsidiary and the stores will be renamed E-Mart, the name of its discount chain that accounts for about 30% of the local discount store market. “As we continue to focus our efforts where we can have the greatest impact on our growth strategy, it became increasingly clear that in South Korea’s current environment it would be difficult for us to reach the scale we desired,” Mike Duke, VP of Wal-Mart, said in a statement.