Walmart's same-store sales at brick-and-mortar locations remained strong in the fourth quarter, but the firm's online sales growth slowed considerably as it struggled to keep basic items stocked and available online during the holiday period, according to Reuters.
Plans for the largest mall in the Middle East have been announced in Dubai. Developer Nakheel says its 4.5 million-square-foot GLA Deira Mall will offer more than 1,000 stores, cafés, restaurants and entertainment tenants.
Supermarket conglomerate Albertsons Cos. will purchase the portion of Rite Aid Corp. that Walgreens Boots Alliance has not acquired, according to Reuters. Observers say the move is an example of how pharmacy retailers are consolidating operations to compete against Amazon.com and other online rivals.