Gtrot Travel Deals, Whole Foods Expansion, Blockbuster Canada Troubles

Published on May 09, 2011 | Comments: 0
Travel site Gtrot has partnered with Local Offer Network to send its users daily deals for more than 100 destinations in the United States, Canada, Australia and UK, starting five days before their trips, according to the Boston Herald. The offers are aggregated from more than 200 daily deal sites, including Groupon and Living Social.

Store Openings & Closings

  • Whole Foods Market executives said they consider a base of 1,000 stores to be a reasonable indication of its market opportunity in a recent earnings call.

Legal & Regulatory

  • Blockbuster Canada has been placed into receivership by Ontario's Superior Court.
  • Clothing and accessories retailer Metropark has filed for bankruptcy and is closing all 69 stores nationwide.

Fraud, Theft & Security

  • Sony Corp. missed a deadline to restart operations of its online gaming services, citing the need to test security improvements to its computer networks in the wake of a massive data breach.

Product Assortment

  • In August 2011, The Bon-Ton Stores, Inc. will debut the inaugural menswear collection from its partnership with designer John Bartlett.

Mergers & Acquisitions

  • HMV Group PLC may be close to selling its Canadian stores, though talks have stalled on a deal for its Waterstone's bookstore chain.

Stats & Research

  • More Americans are planning to travel this summer despite rising gas prices, according to the latest American Express Spending & Saving Tracker (59% in 2011 compared to 51% in 2010).
  • The price of coffee beans is at an historic high, as droughts and heavy rain in the world’s leading coffee-producing regions limit supply, while a growing taste for coffee over tea in Asia fuels demand.
  • More American adults reported having the flu in April this year than did so in the same month last year, the fifth consecutive month in which monthly flu reports exceeded those from last season, according to Gallup data.
  • For the three month average period ending in March, 234 million Americans ages 13 and older used mobile devices, according to comScore.

People

  • Richard A. Baker dashes through the Lord & Taylor store in New York City like Willy Wonka on a chocolate high.

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