Exclusive: Amazon eyes closed Sears stores for Whole Foods expansion


Exclusive: Amazon eyes closed Sears stores for Whole Foods expansion


While some traditional retailers are having a hard time keeping their doors open, Amazon-owned Whole Foods has been gearing up to rapidly expand into more regions.

Grocery chain Whole Foods is eyeing sites that were previously home to Sears, Kmart and other struggling retailers, sources told Yahoo Finance.

Last month, for instance, Whole Foods managers visited a site in Utah that used to host a Kmart store. The store shut down in mid-2017 among its parent company’s financial woes and has been vacant ever since...

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RSK: You just knew something or someone would take advantage of the closed Sears & KMart stores. Location, plenty of parking and a natural draw.

Ken Notes: I believe Amazon will look at a lot of the Sears fallout for distribution as well as stores. They have to keep quiet until they can buy at fire sale prices...

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- - Volume: 7 - WEEK: 3 Date: 1/15/2019 8:50:41 AM -