Thursday, March 1, 2018

Kohl's taps grocer Aldi as its first partner to sublet space in downsized stores

A Kohl’s department store in Jersey City, New Jersey.Kohl's said Thursday it would bring discount grocer Aldi into as many as 10 stores later this year in a pilot test, as the retailer aims to scale down its real estate footprint and leverage space for others.

CNBC reported in January that Kohl's would be working with grocers and convenience stores to lease space in its stores. At the time, the company didn't disclose which companies would be moving in.. . . more

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