business news in context, analysis with attitude

•  The Dallas Morning News reports that Albertsons is opening a store in South Irving, Texas, later this year, the first new store under its own banner that it has opened in the Dallas-Fort Worth market "in several years."

According to the story, "The grocery retailer is taking over space that was vacated by Fiesta Mart a couple of years ago at 2200 W. Shady Grove Road in Irving, the city of Irving said Monday.

"Albertsons hasn’t had a store in Irving since 2007, and the brand hasn’t opened a new store anywhere in the Dallas-Fort Worth market in several years. Boise-based Albertsons instead has focused on opening Tom Thumb stores. There’s one Tom Thumb store in Irving on Macarthur Boulevard.

"When Fiesta Mart closed its store, local neighborhood groups lobbied the city council to bring a supermarket back to the shopping center. Fiesta Mart, which operates 29 stores in D-FW, has two other Irving stores on West Airport Freeway and East Irving Boulevard … The Irving Economic Development Partnership worked with city officials to recruit a grocer and found “a respected brand,” said Beth Bowman, president and CEO of the partnership and the Greater Irving-Las Colinas Chamber of Commerce."

•  From the Wall Street Journal:

"The biggest U.S. retailers are rationing baby formula as a recall by the maker of Similac and other popular brands exacerbates already-spotty supply in much of the country.

As of Tuesday, Target Kroger CVS Health and Walgreens Boots Alliance have limited the quantities of many baby formulas that consumers are able to buy online or in some stores.

"A Target spokeswoman said stores in most states have a five-per-day limit on baby formula at the request of the Food and Drug Administration. CVS said it recently began limiting purchases in stores and online to three per consumer. Walgreens said it implemented limits in stores and online last month. Kroger didn’t respond to requests for comment."