retail news in context, analysis with attitude

• In Canada, CBC News reports that in addition to getting into the grocery delivery business, as announced earlier this week, Loblaw plans to close 22 unprofitable stores by the end of the first quarter of 2018.

• Advantage Solutions and Daymon Worldwide announced yesterday that they are merging, creating what they called “the most comprehensive suite of brand-centric and retailer-centric services in the U.S. and internationally” … As part of the agreement, the current equity investors in Daymon will become part owners of the holding company for Advantage and appoint members to its board of directors. Daymon will continue to operate as a separate legal entity headquartered in Stamford, Conn.
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