REAL ESTATE

Walgreens re-opens NYC flagship in Union Square

BY Michael Fickes

New York — Walgreens will host a grand re-opening of its 24/7 flagship store in Union Square, Manhattan, on Jan. 23. The store opened originally in 2001.

Walgreens is the nation’s largest drugstore chain with fiscal 2013 sales of $72 billion. The company operates 8,200 drug stores in 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

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REAL ESTATE

Krispy Kreme plans Southern California expansion

BY CSA STAFF

Winston-Salem, N.C. — Krispy Kreme has announced a development agreement with existing franchisee Great Circle Family Foods to develop 20 new doughnut shops in Southern California. Over the next seven years. Great Circle currently operates 11 Krispy Kreme shops in Southern Calif., making the company Krispy Kreme’s third largest domestic franchisee.

Krispy Kreme can be found in over 800 locations in more than 20 countries around the world.

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Sears closing downtown Chicago store

BY Dan Berthiaume

Hoffman Estates, Ill. – Sears plans to close a store in the Loop section of downtown Chicago in April 2014. Sears spokesperson Howard Riefs announced the closing in an email which said the store’s 160 employees, most of whom are part-time, will be eligible to apply for jobs at other Sears stores in the area and also to receive severance.

The email also said the store has lost millions of dollars and Sears cannot afford its operating losses. In a separate blog posting, Sears CEO Edward Lampert said Sears and its competitors may need fewer locations to better serve customers.

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J.Shaughness says:
Jan-23-2014 12:26 pm

Death spiral continues.

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