Retail Roundup—Best Buy shuttering small format; Kohl's testing in-store Aldi

Best Buy
Best Buy will close its small mobile locations. (Mike Mozart/CC BY-SA 2.0)

Best Buy shuttering small-format stores

Best Buy announced it will shutter 250 of its small-format mobile phone stores by the end of May. The stores, most of which are in shopping malls, have become less profitable for the electronics chain than the 40,000-square-foot big-box locations. (Star Tribune)

Kohl's testing Aldi store-in-stores

Kohl's will pilot-test bringing discount grocer Aldi into as many as 10 stores this year. Kohl's is looking for partners to rent out parts of its stores in the goal of right-sizing its stores and creating more profitable locations. (CNBC)

Fred Meyer restricts gun purchases to shoppers over 21

Kroger-owned Fred Meyer stores will not long sell guns to anyone under the age of 21. Kroger is the third retailer, along with Dick's Sporting Goods and Walmart, to impose such restrictions in the past week. (CNN Money)

DoorDash raises series D 

DoorDash has raised $535 million in a series D round of funding to expand its service in the restaurant delivery market. In the past four years, DoorDash has distinguished itself in the restaurant delivery space by partnering with nearly 90% of the top 100 U.S. restaurants. (PR Newswire)

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