The biggest news this week stems from the Albertsons/Rite Aid merger. After the Walgreens merger fell through back in September, 2017, this is big news for the grocery giant.
A merger of this size, “The integrated company will operate approximately 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and Washington, D.C., and service more than 40 million customers per week.”, will surely be a game changer for both the pharmacy and grocery industries. This deal is expected to deliver in Q3 or Q4 of 2018.
Albertsons merging with Rite Aid
Grocery chain Albertsons to acquire Rite Aid
Grocery Giant Albertsons To Buy Remaining 2,500 Rite Aid Drugstores
Rite Aid’s PBM Becomes More Attractive Under Albertsons
Developer: Albertsons-Rite Aid deal is good for future of retail
Below are a few articles that I found interesting this week both locally and on a national scale:
Declining Occupancy, Rent Growth Spreading to Top Tier of Best-Located US Retail Properties
Allen Premium Outlets to add H&M and Armani in expansion
Report: Toys ‘R’ Us to close more stores
Foreign investors who pledged millions are worried about Frisco’s Wade Park woes
Former credit union on Dallas’ Ross Avenue to become 300-unit apartment project
8 FAST PIZZA CHAINS THAT ARE TAKING OVER AMERICA
Niche retailer ramps up expansion in 2018
Entertainment Complex Serves Up Tenant Success
Drummer Turned Developer: John Kirtland and the New Cambria Dallas Downtown
Equinix Buying 1.6M SF Infomart Data Center From ASB Real Estate Investments
SkyHouse Breaks Ground At Frisco Station
What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.
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Tim Lepore 