Report: Walmart seeks to build big new DC in its hometown
Walmart is looking to expand its logistics capabilities.
The discounter recently submitted plans to city planners In Bentonville, Ark, for a 1.27 million-sq.-ft. distribution center, according to a report by Talk Business & Politics-Northwest Arkansas Business Journal.
A Walmart spokeswoman confirmed the company’s plans to build the facility in southwest Bentonville, the report said.
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Starwood names new leasing chief
Michael J. Powers, a leasing veteran and principal in a progressive hair salon concept, has been promoted to senior VP and head of leasing at Starwood Retail Partners.
Prior to joining Starwood as VP of leasing in 2013, Powers helped found Salonspace, a concept that seeks to provide hair stylists with a workplace environment they can approach on their own terms. He is a leasing veteran of Simon Property Group, Steiner + Associates, and Glimcher Realty Trust.
Powers will oversee the management of Starwood Retail Partners' leasing team, overseeing strategic planning and merchandising of the company's 30 core properties and redevelopment projects.
Dollar General acquires small chain
Dollar General is set to grow its already considerable footprint through an acquisition.
The discounter will acquire all 323 stores from Dollar Express, according to the Charlotte Observer.
The Dollar Express chain is made up of former Family Dollar stores that Family Dollar sold to Sycamore Partners in late 2015. Family Dollar sold the stores to meet federal antitrust approval of its acquisition of Family Dollar.
Dollar General operated 12,483 stores at the end of January.
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