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Big Lots Boosts Liquidity with $200 Million Loan Facility

Retail TouchPoints

Beleaguered retailer Big Lots has increased its borrowing capacity by up to $200 million with a new “first in, last out” term loan facility, secured through an affiliate of Gordon Brothers Capital. Big Lots had a difficult fiscal year 2023, which ended Feb. 3, 2024.

Finance 228
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Kroger Shuts Down E-Commerce Spoke Facilities in Texas and Florida

Retail Wire

Kroger, the grocery chain, has announced the closure of three spoke facilities in its e-commerce operations in Texas and Florida. This decision marks a strategic shift for the company in its efforts to streamline operations and enhance efficiency.

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Target’s New Last Mile Facility Adds Next-Day Delivery for 500,000 in Atlanta Market

Retail TouchPoints

The new facility puts next-day delivery within reach of 500,000 additional customers for a total of more than 3 million in the Atlanta market. The facility already is delivering up to 1,500 packages per day, and Target plans to ramp up its capabilities further in the coming months.

Marketing 303
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AWS to Invest an Additional $7.8B to Expand Ohio Facilities

Retail TouchPoints

billion in its Ohio facilities, supporting an average of more than 3,500 full-time equivalent jobs annually. Since 2015, AWS already has invested $6.3

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UAW Workers at Ford’s Kentucky Facilities Reject Contract

Retail Wire

Production laborers at Ford's Louisville assembly and Kentucky truck facilities affiliated with the UAW Union have voiced dissent against a proposed contract.

ATS 147
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IM Properties Launches Software for Secure Lockers at Mixed-Use Facilities

Retail TouchPoints

The service will be powered by Premier Parcel, a new company owned by IM Properties, with the lockers located next door to Sendik’s at The Corners of Brookfield, a mixed-use facility in Brookfield, Wis. that combines retail, restaurant, residential and entertainment offerings.

ATS 283
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Sportime Pickleball to Open 50,000-Square-Foot Facility in Wayne, New Jersey

Shopping Center

Sportime Pickleball will open a 50,000-square-foot facility in the Northern New Jersey community of Wayne. Neil Seth, Jennifer Konefsky, Kenji Ota and Kathryn… The post Sportime Pickleball to Open 50,000-Square-Foot Facility in Wayne, New Jersey appeared first on Shopping Center Business. Wayne, N.J.