retail news in context, analysis with attitude

• The Waco Tribune reports that discount/limited assortment retailer Aldi is opening a new store in Waco - a 16,000 square foot unit practically in the shadow on an HEB store.

“They assured me they wanted that hard corner and they wanted to be near H-E-B,” real estate developer Gordon Harriman tells the paper, adding, "They want to be near the main game in town. In Houston, they like to locate near Randall’s locations.”

Reuters reports that Best Buy is closing 15 Canadian stores and laying off about five percent of its workforce there. The move leaves Best Buy with 245 stores there.

"The move was based on an extensive review of Best Buy's retail footprint in Canada in an effort to reduce unnecessary costs, eliminate redundant operating systems and optimize its real estate strategy to reflect a changing retail landscape," Best Buy said in a statement.

As in the US, Best Buy's Canada stores have been under competitive pressure from online retailers such as Amazon, and also has been grappling with the "showrooming" trend.

• Acosta Sales & Marketing yesterday announced its acquisition of Firebird Foods, a meat and deli sales agency based in Phoenix.   Terms of the deal were not disclosed.

WineSpectator reports that a new study suggests that not only does the resveratrol found in wine seem to help prevent cancer, but it also "may improve the ability of radiation to kill prostate cancer cells."
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