Albertsons investor Cerberus Capital Management has held early talks with bankers about the possibility of bidding to buy Whole Foods Market, according to a Financial Times report. Albertsons' previously reported merger conversation with Sprouts Farmers Market has not progressed, the report said.
Retailer Sportsman's Warehouse Holdings will reportedly bid for up to 80% of the stores owned by Gander Mountain, which filed for bankruptcy protection last month. Sportsman's, which operates nearly 80 stores in 22 states, hasn't yet decided whether it would keep the Gander Mountain name or rebrand the stores, sources said.
Hasbro has outpaced rival Mattel in quarterly revenue for the first time in 17 years. Last year, Hasbro won the international rights to make dolls based on Disney Princess characters away from Mattel.
Marsh Supermarkets is expected to close 10 or more stores next month, sources say, and the retailer has reportedly reduced the support staff at its headquarters. Marsh would operate about 55 locations following the May closures, compared with more than 120 in 2006.
Alibaba's Jack Ma will hold a conference in Detroit in June to help 1 million US small businesses enter the Chinese market by selling on the e-commerce giant's Tmall site. Alibaba seeks to invite 2,000 US small-business owners, educate them on how to sell to Chinese consumers and then help them partner with logistics firms to make the process possible.
Scientists at McGill University in Montreal, Canada, and utility Hydro-Quebec are hoping to harness the power of solar energy to create a smartphone battery that charges itself. They are centering their research around photo-sensitive molecules that can generate small amounts of power.
Hong Kong, once a shopping magnet that attracted more than 3 million tourists from mainland China every month, has seen sales and tourism slide over the past two years. Retailers in Hong Kong can revive the area's fortunes by appealing to bargain hunters, creating the right mix of interesting shops and stressing the opportunity for outdoor adventures, writes JLL executive James Assersohn.
UK supermarket chain Morrisons has added misshapen asparagus from farmers in Herefordshire, England, to its 14-item line of low-priced crooked produce. As much as 15% of the spring crop has grown in unusual shapes after warmer-than-usual early spring days caused the vegetables to sprout early.
Adidas makes about 1 million sneakers each year through automated manufacturing, but that is less than 1% of its total production. Robots still struggle with dexterous tasks, such as lacing up shoes.
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