• Ahold-owned Fresh Formats plans to build the third of its bfresh concept stores in Somerville, Massachusetts, in an 11,000 square foot space in a building in Davis Square there.
Fresh Formats opened the first bfresh in Allston, Massachusetts, last year, followed by one in Fairfield, Connecticut. The small format is designed to focus on fresh foods and convenience in urban settings. This new store is expected to open later this year.
• The Chicago Tribune reports that three remaining Joe Caputo & Sons Illinois stores - in Algonquin, Palatine and Des Plaines - will be auctioned off next month. The story notes that "in February, Caputo & Sons closed its Elk Grove Village store, which followed the shutdown of stores last year in Northbrook and Arlington Heights." The retailer "finds itself in this situation about two months after a federal judge froze its assets because of a $3.6 million debt owed to produce wholesaler Anthony Marano Co."
Fresh Formats opened the first bfresh in Allston, Massachusetts, last year, followed by one in Fairfield, Connecticut. The small format is designed to focus on fresh foods and convenience in urban settings. This new store is expected to open later this year.
• The Chicago Tribune reports that three remaining Joe Caputo & Sons Illinois stores - in Algonquin, Palatine and Des Plaines - will be auctioned off next month. The story notes that "in February, Caputo & Sons closed its Elk Grove Village store, which followed the shutdown of stores last year in Northbrook and Arlington Heights." The retailer "finds itself in this situation about two months after a federal judge froze its assets because of a $3.6 million debt owed to produce wholesaler Anthony Marano Co."
- KC's View:
