Recent posts

#31

Sports / Re: Yard Goats?

Last post by TheFugitive - September 10, 2024, 10:17:47 AM

The Altoona Curve, AA affiliate of the Pittsburgh Pirates, just played a series in Hartford against the Yard Goats.  Several games were broadcast on my local RSN and I caught a bit.  That does look like a very nice stadium up in Hartford.

#32

Department Stores / Re: Big Lots

Last post by TheFugitive - September 09, 2024, 07:43:25 AM

Won't it be kind of hard to use a stalking horse bid to pump up the price when their entire plan has just been published on Yahoo! News?

Maybe it's just me.  That's probably why I never made it into senior management in this biz.

#33

Shopping Cart Sightings / More Ollie's Finds

Last post by Retail Regents - September 07, 2024, 03:15:23 PM

The latest set of carts at the New Hartford, NY location are a set of Bed Bath & Beyond carts, all Rehrig - no Americanas in the fleet. The BB&B logos were filed off, but who is that fooling?

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#34

Department Stores / Re: Big Lots

Last post by Retail Regents - September 07, 2024, 03:06:41 PM

Big Lots is preparing to file for bankruptcy, and is in the process of lining up a "stalking horse bid".

https://finance.yahoo.com/news/big-lots-prepares-bankruptcy-filing-203037195.html

#35

Gas Stations / 7-eleven Rejects Buyout Offer

Last post by TheFugitive - September 06, 2024, 10:42:12 AM

The parent company of the 7-eleven convenience store chain has rejected a $38.6 billion buyout offer from Canada's Couche-Tard calling it "severely undervalued".

https://www.msn.com/en-us/money/companies/7-eleven-s-parent-company-rejects-38-6-billion-takeover-bid-says-offer-grossly-undervalues-company/ar-AA1q5B3j?ocid=BingNewsSerp

Couche-Tard recently completed a deal to purchase the GetGo chain of convenience stores from Giant Eagle.

#36

Grocery Stores/Supermarkets / Re: Stop & Shop

Last post by BillyGr - August 29, 2024, 07:56:55 PM

Also, not to overlook that they will be closing a group of stores this fall across their markets.

#37

Grocery Stores/Supermarkets / Re: Stop & Shop

Last post by TheFugitive - August 29, 2024, 02:42:15 PM

Busy news day!

The Stop & Shop supermarket chain has announced that they will stop selling tobacco products.

https://www.foxbusiness.com/lifestyle/grocery-chain-joins-walmart-cvs-others-ending-cigarettes-sales

#38

Shopping Cart Sightings / Re: More Ocean State Job Lot F...

Last post by Retail Regents - August 29, 2024, 12:55:57 PM

Black United with Ann & Hope stickers underneath the OSJL ones. As much as I want to say this was originally from Linens 'n Things, this one has a powder-coated frame while theirs were chromed.

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#39

Other Current Retail / Re: Dollar General

Last post by TheFugitive - August 29, 2024, 11:56:49 AM

Dollar General shares plummet nearly 25% on revised earnings estimates which drop their same stores sales growth forecast from 2%-2.7% to 1%-1.6%.

https://www.msn.com/en-us/money/markets/dollar-general-s-shares-sink-as-its-financially-constrained-customers-feel-the-pinch/ar-AA1pEcZ6?ocid=BingNewsVerp

Dollar General CEO Todd Vasos blames the softer than expected performance on a slowing economy which has left their lower income customer base "feeling constrained".

#40

Gas Stations / Sheetz enters Michigan market

Last post by TheFugitive - August 29, 2024, 10:21:59 AM

Altoona, PA-based Sheetz, whose gas station/convenience store/cafe outlets have become a fixture in the western half of PA in recent years, has opened their first store in Michigan.  It's located in Romulus near Detroit Metro Airport.

https://triblive.com/local/regional/sheetz-enters-michigan-market-to-large-crowd-and-fanfare/