business news in context, analysis with attitude

• New York City real estate journal The Real Deal is reporting that Kroger has purchased "three Greenwich Village retail condominium units at 250-254 Bleecker Street for $20.6 million, according to property records filed with the city Friday. The retail at the base of the five-story, roughly 22,000-square-foot building is home to Murray’s Cheese and Amy’s Bread and was owned by Murray’s Cheese proprietor Rob Kaufelt."

The story notes that since 2008, Kroger has had a deal to open Murray's Cheese shops in its stores; there currently are some 350 of them. Now, the story says, "Kaufelt has decided to sell off the New York-based cheesemonger’s brick-and-mortar shop to the publicly traded grocery chain."

• In the UK, This Is Money reports that "Aldi is poised to overtake the Co-op this week to become Britain's fifth largest grocer. It is a big step for the German discount retailer, putting it next in size to the so-called 'Big Four' supermarkets."

• The Wall Street Journal reports that "Canada’s Hudson’s Bay Co. has approached Macy’s Inc. about a takeover, people familiar with the matter said, as the biggest U.S. department-store chain grapples with disappointing results and restive shareholders. Talks between the companies are at a preliminary stage and also encompass other ways they could cooperate, one of the people said, adding that a deal for only Macy’s real estate is also a possibility. Other details of the talks are unclear and it is far from guaranteed there will be any deal."
KC's View: