Retail Roundup—Boxed rejects Kroger bid; Warby Parker tests kids' frames

Boxed
Boxed has rejected an offer from Kroger. (Image: Boxed)

Boxed rejects Kroger offer

Online retailer Boxed has rejected an acquisition bid from Kroger. It was estimated that the bid was between $300 million and $400 million and reports reveal that the online subscription warehouse is looking instead toward Amazon for acquisition. (Supermarket News)

Simon: Occupancy down, but profits up

U.S. outlet malls are not all doom and gloom as Simon Property Groups reported another quarter of record growth and earnings. While occupancy was slightly down from 96.8% in 2016 to 95.6% in 2017, revenue reached $5.54 billion for the year. (Indianapolis Business Journal)

Warby Parker testing kids glasses

Eyeglass company Warby Parker is testing out a new line of children's eyewear. For 12 weeks, shoppers in New York City brick-and-mortar locations can try on the collection, for ages 4 and up. (CNN)

H&M announces additional store closures

H&M announced that a slow start to sales in the new year will mean closing more stores than expected in 2018. Struggling to jump on the e-commerce way of retail, H&M is being pressured to open a more enticing store concept in 2019. (Reuters)