retail news

In a surprising move, retail giant Walmart has acquired Monroeville Mall in Pennsylvania, sparking curiosity about its plans for the property. While Walmart has remained tight-lipped about its strategy, a partner involved in the deal has shared some insights with store owners. According to these sources, the company intends to...

In a move that marks the end of an era, Rite Aid has shuttered its remaining 89 stores this week, bringing a close to a long and arduous struggle to stay afloat. The pharmacy chain had been grappling with financial difficulties for years, and its twice-filed bankruptcy protection bids ultimately...