Whole Foods acquires seven Dominick’s leases
AUSTIN, TX — Whole Foods Market has acquired leases from Safeway Inc. for seven locations formerly operated as Dominick’s stores. Terms of the agreement were not disclosed.
Whole Foods expects the locations to remain closed for remodeling in 2014 and re-open as new Whole Foods Market stores in 2015. The transaction is expected to be slightly dilutive to earnings per share in fiscal year 2014, primarily due to the pre-opening rent associated with these new leases. The company has three stores in development in the Hyde Park and Englewood neighborhoods of Chicago and in Lake Forest with openings scheduled through calendar year 2017.
The leases are located in the neighborhoods and towns of Edgewater, Lincoln Park, Streeterville, Wet Loop, Elmhurst, Evanston, and Willowbrook.
"We are incredibly excited about this opportunity to quickly and significantly expand our presence in the greater Chicago area," said Michael Bashaw, Whole Foods Market Midwest regional president. "These locations fit well with our 19 existing stores as well as the three stores currently in development. We plan to remodel each store to reflect its community and look forward to offering fresh, natural and organic foods to a broader base of Chicago customers."
Paick launches portable device
SHENZEN, China — Paick, a mobile digital device brand, on Monday announced the launch of Sleek, a thin, portable power bank. Sleek features a glossy smartphone shape with an attached micro USB/USB cable/handle to charge devices.
The 5-oz. Sleek is available in white gloss and features a UV-processed surface complete with anti-scratch technology. Other features of Sleek include:
- Smartphone design, with dimensions of 5.7 by 2.9 by 0.5 inches;
- Touch sensor switch for on/off controls;
- Output of 5V/1A;
- Charging time of eight hours; and
- Battery life of more than 500 times.
Sleek is priced at $49.99 and is available immediately from Amazon.com.
Kodak Alaris, Bartell Drugs renew partnership
ROCHESTER, N.Y. — Kodak Alaris has renewed its multi-year agreement with Bartell Drugs, which designates Kodak Alaris as Bartell’s exclusive partner within the photo category for all retail and online printing solutions.
Seattle-based Bartell Drugs, which owns and operates 62 stores, began working with Eastman Kodak Co. 99 years ago when the two companies were newly starting out, and now continues on with the new Kodak Alaris, founded in September 2013. Bartell’s provides its customers with access to more than 200 Kodak Picture Kiosks, giving consumers the ability to create personalized photo products in minutes.
"We invest in photo innovation products from Kodak Alaris because our customers value the ease and convenience of services provided," stated Howie Cohen, category manager for Bartell Drugs. "Kodak Alaris is a significant partner and through our relationship we have become the go-to destination for consumer photo printing needs in the Seattle area."