Walmart Canada Unveils New, State-of-the-Art, “Urban Supercentre Concept”

New “Urban Supercentre Concept” in Toronto integrates eCommerce, third-party licensees and state-of-the-art technology into a new bricks-and-mortar store design and layout for urban markets.

Walmart Canada has selected the Toronto Stockyards location to try this new integrated shopping experience. Customers have the option of scanning items with their My Walmart App and seamlessly check out with a credit card in the “Fast Lane.” There will be an array of third-party licensees, and the Stockyards Walmart will feature: Freshii, the Party Shop, The UPS store, MINISO, Naoki Sushi and a newly renovated 

McDonald’s. The store layout will be brighter, cleaner, with new spaces for seating, a redesigned toy section, and updated space for associates. 

“Our new concept is a symbol of what’s to come in retail and demonstrates our vision for helping Canadians save money and live better, now and in the future,” said Lee Tappenden, president and CEO of Walmart Canada. 

Source: Walmart Canada

Eddie Lampert returns to sue Sears estate, demanding a trial and at least US$130 Million

Transform Holdco LLC, the unit of Eddie Lampert’s ESL Investments Inc. that acquired the stores and assets of the bankrupt retailer for more than US$5 billion in January, is suing the Sears estate for failing to deliver “hundreds of millions of dollars of assets” called for by the sales agreement.

Lampert’s Transform is accusing the Sears estate, a bankrupt shell entity that is winding down under court supervision, of multiple wrongs including breaking the agreement by holding on to the chain’s headquarters in Illinois. The estate is also intentionally delaying payments to vendors and trying to shift US$166 million in accounts payable costs, according to the Transform complaint filed on Saturday May 25, 2019.

“Transform believes that prompt resolution of these matters is important and necessary at this time to allow the bankruptcy court and creditors to consider the Defendants’ proposed Chapter 11 plan,” the complaint states. 

Transform is making a number of demands, including compensatory damages to be determined at trial but not less than US$130 million, according to the filing.

Source: Financial Post