Retail Roundup—Albertsons-Rite Aid merger moves forward; Amazon to bid on Flipkart?

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Amazon may throw its hat in the ring for Flipkart. (iStock/AdrianHancu)

Island Pacific Supermarkets shutters 6 stores

Store closings have begun at six Island Pacific Supermarket locations in California. The 17 remaining stores, founded by the company in 2000, will continue business as usual. (PR Newswire)

Bed Bath & Beyond accepting Toys R Us gift cards

Bed Bath & Beyond announced that it would accept Toys R Us gift cards until midnight on April 5. Partnering with CardCash, the merchants will purchase any unused gift cards with a balance of $20 or more at a discount. (USA Today)

Albertsons and Rite Aid merger moving forward

Albertsons and Rite Aid took another step forward in their $24 billion merger deal. Pending approval of Rite Aid shareholders, regulatory clearance and other closing conditions, the agreement is expected to close in the second half of 2018. (Supermarket News)

Amazon may join bid for Flipkart

Amazon may make a rival offer to buy India's e-commerce company Flipkart, which is currently in talks with Walmart. The two U.S. retailers are in major competition to hold dominance in India's online retail industry. (Reuters)

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