Retail news round-up on November 14, 2014: B&M eyes Homebase stores, Walmart price-matches Amazon in-store
B&M eyes Homebase stores
Value retailer B&M is in talks about buying a number of Homebase stores. The fast-growing retailer is interested in taking on a substantial number of the 80 Homebase shops that parent Home Retail Group intends to offload, according to Sky News.
Sources close to the situation confirmed B&M’s interest and said they would be surprised if a deal was not inked to acquire at least some of the stores.
Walmart store managers told to match prices with Amazon
Retail powerhouse Walmart has told managers of its 5,000 US shops that they can match prices with Amazon and other online retailers. The retailer’s US chief Greg Foran said the directive was meant to formalise a practice already in place in many stores, Reuters reported.
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