business news in context, analysis with attitude

...with brief, occasional, italicized and sometimes gratuitous commentary…

• In North Carolina, the News & Observer reports that Publix plans to open a 45,600 square foot store in the ground floor of a new 400-unit apartment building in Raleigh. When it opens in 2020, the story says, it will be “the first grocery store in downtown Raleigh.”

Another example of a retailer seeing a mixed-use, urban development as an opportunity to go where the shoppers are, as an alternative to large suburban, so-called destination stores.

• The Boston Globe reports that Wegmans’ fifth Massachusetts store is opening for business, in Medford, with another scheduled to open next spring in Natick, as part of what has been a major commitment to the state as it moves outside its mid-Atlantic roots.

USA Today reports that Sears Holdings has announced the planned closure of another 63 stores early next year. “Emblematic of the struggle facing U.S. department stores, Sears Holdings has already closed more than 350 Sears and Kmart stores this year,” the story says. “An additional 45 Kmart stores and 18 Sears stores will be closing in late January 2018, the company said.”
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