Best Buy shuttering small-format stores
Best Buy announced it will shutter 250 of its small-format mobile phone stores by the end of May. The stores, most of which are in shopping malls, have become less profitable for the electronics chain than the 40,000-square-foot big-box locations. (Star Tribune)
Kohl’s testing Aldi store-in-stores
Kohl’s will pilot-test bringing discount grocer Aldi into as many as 10 stores this year. Kohl’s is looking for partners to rent out parts of its stores in the goal of right-sizing its stores and creating more profitable locations.
