Retail Focus 12/21/16 – fred’s Reaches Deal with Rite Aid, Lidl Begins U.S. Hiring
The Walgreens acquisition of Rite Aid inched closer to becoming a reality this week, as fred’s stepped in to purchase over 800 Rite Aid locations. We discuss the challenges ahead for fred’s and the idiosyncrasies of the deal. Meanwhile, Finish Line sprints backwards, German grocer Lidl begins the hiring process for their U.S. locations, and GNC plans a makeover.
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