Retail Roundup—Cities vie for new Amazon HQ; Gap counting on Old Navy

Amazon sign on storefront
Cities have started entering bids for new Amazon headquarters.

Cities bidding on Amazon's second headquarters

Amazon announced it is seeking a home for its second headquarters outside of Seattle and plugged the initiative as bringing thousands of high-paying jobs and tax breaks to the winning city. Several cities have already voiced interest in the competition, including Chicago, Dallas and San Diego. (New York Times)

Gap counting on Old Navy, Athleta

While the Gap plans to close 200 of its flagship and Banana Republic stores, it also will open 270 Old Navy and Athleta locations. The lower-priced Old Navy brand is on track to surpass $10 billion in the next few years, while Athleta is expected to excited $1 billion. (Chicago Tribune)

Ikea and H&M seek Indian retail exemption

Ikea, H&M and Decathlon are asking to be exempted from an Indian ruling that insists retailers mark the maximum retail price on their products. The European retailers are saying that the law is "burdensome and costly," plus the products sold in their stores are sourced directly from suppliers and so there is no scope for price manipulation. (Economic Times)

Walmart hits 1,000 grocery pickup locations

Walmart is celebrating the opening of its 1,000th online grocery pickup location. Piloted four years ago in Denver, the service offers more than 40,000 items, including fresh produce, and enables customers to pick up groceries without leaving their cars at local Walmart locations. (Progressive Grocer)

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