business news in context, analysis with attitude

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

• The Dallas Morning News reports that 7-Eleven has opened a new 700 square foot store - about half the size of its traditional stores - in Arlington, Texas, located in between the Dallas Cowboys AT&T Stadium and the Texas Rangers' Globe Life Park.

The story says that “the store is located on the plaza of Texas Live, a $250 million entertainment district that opened last summer and is backed by the Texas Rangers, The Cordish Companies and the City of Arlington … The store will be open limited hours, 7 a.m. to 11 p.m. Sunday through Thursday and 7 a.m. to 3 a.m. Friday and Saturday. Operating hours will expand to accommodate events in the entertainment district.”

It is the retailer’s second effort in opening a targeted store in a sports-centric location; the News writes that “last fall, 7-Eleven opened its first location in a sports venue at Texas Motor Speedway and said it's been a success. It's a much larger store to stock more things to accommodate race week campers.”

The most interesting thing about this article to me was how it let me know where I am going next spring - it points out that Globe Life Park, which opened in 1994, is in its final season as the home of the Texas Rangers, with a new version scheduled to open nearby in March 2020. I’ve been to every major league ballpark, and so next spring I’ll be heading to Dallas - along with my friend Stu Upson and my son, Brian - to keep my achievement intact. Man’s gotta have goals.

• The New York Times reports that American Media Inc. (AMI) is selling supermarket front end mainstay The National Enquirer to James Cohen, a son of the founder of the Hudson News franchise. The sale is said to have brought AMI $100 million.

According to the story, “The money-losing title was put up for sale several weeks ago, after its principal owner decided it no longer wanted to be associated with the magazine, according to several people familiar with the matter. The publication attracted the scrutiny of federal investigators for its role in the 2016 presidential campaign.

“American Media had been in talks with several potential buyers, including the California billionaire Ronald W. Burkle. After those talks fell apart last week, Mr. Cohen, whose father started the chain of Hudson News shops, swooped in to buy the troubled tabloid. As part of the deal, American Media, led by David J. Pecker, a longtime friend of Mr. Trump’s, has also agreed to sell two of its other tabloids: the Globe and the National Examiner.”

From my point of view, iut would’ve been more appropriate to move the Enquirer from the front end of the supermarket to a more appropriate location. I’m thinking maybe the toilet paper aisle.
KC's View: