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Whole Foods To Open New, Small-Format Stores: Look Inside Whole Foods To Open New, Small-Format Stores: Look Inside
Whole Foods To Open New, Small-Format Stores: Look Inside Whole Foods says it will be launching new small-format stores aimed at providing customers with a quick, convenient shopping experience. The company says the stores, targeting urban areas, will provide "easier access to the fresh, high-quality offerings." The new stores will be called Whole Foods Market Daily Shop. The first location to open will be in the Upper East Side in Manhattan with additional locations in New York City to follow.  The first store, located at 1175 Third Ave., is expected to open later this year.  Following the New York City launch, Whole Foods Market pla…

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by Joe Lombardi
Business
Bed Bath & Beyond To Close More Stores In Massachusetts Bed Bath & Beyond To Close More Stores In Massachusetts
Bed Bath & Beyond To Close More Stores In Massachusetts Bed Bath & Beyond this week raised the number of stores it plans to close across Massachusetts from seven to at least 12.  The retailer said it is struggling with debt obligations and will shutter some of its least profitable stores.  Last month, executives announced it had or planned to close seven locations in the state. On Tuesday, they added five more to that list.  Those include locations in: Hadley Dorchester Seekonk North Attleborough Leominster Milford Burlington Raynham North Dartmouth Pittsfield Hudson Dedham Eight Bed Bath & Beyond locations in the state…

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by Josh Lanier
News
Neiman Marcus Sues Boston Mall Owners For $50 Million Over Contract Breach Neiman Marcus Sues Boston Mall Owners For $50 Million Over Contract Breach
Neiman Marcus Sues Boston Mall Owners For $50 Million Over Contract Breach Neiman Marcus said it lost millions of dollars after it agreed to shrink the size of its store to allow for the construction of a skyscraper in Boston's Back Bay neighborhood. Those plans fell through, and now the retailer is suing the developer for $50 million to recoup the money Neiman Marcus says it lost because of the project.  Neiman Marcus filed a lawsuit on Tuesday, July 19, in Suffolk Superior Court against Simon Property Group, the owners of Copley Place mall.  Simon Property had planned to build a 52-story residential high-rise above the retail store at 5 Copley Pl…

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by Josh Lanier
Business
Here's Why Walmart Is Suing Competitor BJ's Wholesale For Theft Here's Why Walmart Is Suing Competitor BJ's Wholesale For Theft
Here's Why Walmart Is Suing Competitor BJ's Wholesale For Theft A battle is brewing between two of the country's largest big-box franchises. Walmart is suing rival BJ’s Wholesale Club claiming that the retail giant stole technology to launch a self-checkout feature similar to the ones used at the company’s subsidiary Sam's Club, which boasts nearly 600 locations in the US. Walmart alleges that the company worked for years to develop a “Scan & Go” feature that allowed Sam’s Club customers to ring up purchases on smartphones while shopping, eliminating the need for a long checkout line. The lawsuit, which was filed in federal court, alleges that inn…

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by Zak Failla
Business
Amazon Hikes Price Of Prime Membership Amazon Hikes Price Of Prime Membership
Amazon Hikes Price Of Prime Membership Even the world’s largest companies are not immune to inflation. Despite posting record profits, Amazon announced that it will be hiking up prices for its Prime membership, which will rise from $119 to $139 annually or from $12.99 to $14.99 monthly. It marks the first price increase for Prime members since 2018. Current Prime members will see the increase as of Friday, March 25, while new members will start paying the new price as of Friday, Feb. 18. The move comes after Amazon’s revenue rose to a record $137.4 billion in the fourth quarter of 2021, of which $14.3 billion was profit, repr…

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by Zak Failla
Business
Here's Percentage Of US Workers Who Plan To Quit Their Jobs This Year, New Report Reveals Here's Percentage Of US Workers Who Plan To Quit Their Jobs This Year, New Report Reveals
Here's Percentage Of US Workers Who Plan To Quit Their Jobs This Year, New Report Reveals A new survey found that nearly one-quarter of workers in the United States plan to find a new job this year. ResumeBuilders.com said in a report on Monday, Jan. 3, that it surveyed 1,250 American adults who are currently employed, and found that 23 percent plan to find a new job in 2022. Nine percent of those respondents also said they had already secured a new job. The survey found the turnover will be the highest among the following fields: Retail Food and hospitality Education Office and administrative support The website reported that 31 percent of retail workers and 26 percent of fo…

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by Nicole Valinote
Business
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy is laying off thousands of workers as the retail giant plans to close some brick-and-mortar stores as the company transitions to focus on its e-commerce business. This week, Best Buy announced that it is laying off 5,000 employees this month with plans to close more stores this year after consumers concentrated on online shopping during the COVID-19 pandemic. According to the company, approximately 40 percent of its sales in the past year came from online purchases, up from 19 percent two years ago, forcing the retailer to transition its business model. While Best Buy laid off 5,0…

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by Zak Failla
Business
Plaza Gains A Retailer But Loses A Bookseller Plaza Gains A Retailer But Loses A Bookseller
Plaza Gains A Retailer But Loses A Bookseller As one large retailer exits Lincoln Plaza, another is slated to come in. Bookseller Barnes & Noble is closing its Lincoln Plaza location in Worcester on Oct. 31, according to the Worcester Telegram & Gazette. Barnes & Noble has been in that location since 2004. While Barnes exits, TJ Maxx is slated to move its Greendale Mall store on Neponset Street to Lincoln Plaza on Lincoln Street. The plaza has lost several large stores in recent years including Staples earlier this month and A.C. Moore in 2019. Hook and Reel, a Cajun seafood restaurant, opened at the plaza in Jan…

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by Kristin Palpini
Business
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor, the first department store to be established in the United States, is going out of business, closing all its stores after a 194-year run. Reversing a decision announced last week to keep 14 stores open, the company announced on Thursday, Aug. 27 that all of its 38 remaining stores and website have begun liquidation sales.  Parent company Le Tote had filed for bankruptcy Sunday, Aug. 2. "While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inv…

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by Joe Lombardi