Amazon rivals turn to legal fine print to stem Whole Foods strategy [MSN Money]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MSN Money
© REUTERS/Jeffrey Dastin The Target store at the Stonestown Galleria is seen in San Francisco Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door. As City Center mall's largest tenant, Target Corp had a say over changes to the property. According to people familiar with the lease discussions, Target balked at sharing the mall with Whole Foods because it feared competition from the grocery chain's new owner, Amazon.com Inc. Early attempts to persuade Target failed, and Whole Foods may now have to concede certain Amazon initiatives - such as lockers where customers can pick up goods ordered online - if it wants the location, the people said. Talks are ongoing. A Reuters examination of real estate agreements and interviews with 20 retail landlords, lawyers and brokers show that the strings attached to operating in malls like City Center present an emerging and little-scrutinized challenge to
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- M's page on the SEC website