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Weekly Perl: A Commercial Real Estate News Recap 4/5/2024

10 Grocery Chains Opening Dozens of New Stores in 2024

 

America has turned into something of a wonderland for grocery shoppers thanks to the mind-boggling array of stores spread throughout the country. Whether you're on the hunt for bargain bulk buys, discount groceries, extensive cheese selections, tantalizing bakery departments, or the chance to score free samples while you shop, there are a plethora of grocers in the United States to suit your needs. And in 2024, the number of grocery stores available to consumers is only growing. 



Grocery Outlet Holding completes acquisition of United Grocery Outlet


Grocery Outlet Holding Corp. has completed its acquisition of United Grocery Outlet, the company reported on Tuesday. United Grocery Outlet is an extreme discount grocer with 40 stores and a distribution center in the Southeastern U.S.

 


Superior Grocers opens 1st store in Las Vegas


California-based Superior Grocers has opened a new store in Las Vegas — the company’s first outside of California. Last week, the Santa Fe Springs, Calif.-based grocer held a grand opening for a new store on the eastern side of the Las Vegas Valley, according to a LinkedIn post from the grocer. 



Amazon removing ‘Just Walk Out,’ installing Dash Cart at Amazon Fresh


Amazon is scaling back the use of its proprietary "Just Walk Out" frictionless checkout technology.  In an email to Chain Store Age, Amazon spokesperson Jessica Martin confirmed multiple media reports that as part of a broader effort to redesign its Amazon Fresh high-tech grocery banner, the company will remove its “Just Walk Out” frictionless, cashierless shopping technology from Amazon Fresh stores. 



Home Depot making $18.25 billion acquisition


The Home Depot is making its biggest commitment yet to its home professional (“pro”) business. In the largest acquisition in its history, the home improvement giant has entered into an agreement to acquire SRS Distribution Inc. (SRS), a building products supply company serving the professional roofer, landscaper and pool contractor sectors. Total value of the deal (including net debt) was put at approximately $18.25 billion.




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