Retail Roundup—Target adding small-formats in NYC; Walmart China opens smartphone grocer

Walmart sign
Walmart is opening a high-tech grocery store in China. (Mike Mozart/CC BY 2.0)

Toys R Us shuts down online

Toys R Us has stopped selling online as it continues the rapid liquidation of its bankrupt stores. The website is now leading users to goodbyetoysrus.com, which has information about liquidation sales around the U.S. (USA Today)

Target adding more small-formats in NYC

Target will add three small-format stores in New York City. The retailer is on the path to having 130 small-format stores by 2019, three more of which will be in Manhattan. (MarketWatch)

Walmart opens smartphone grocer in China

Walmart has opened a high-tech supermarket in China, where a smartphone can be used to pay for items. Walmart is targeting both in-store and online Chinese shoppers, as consumers spend twice as much in the U.S. when shopping online as consumers in China do. (Reuters)

IFresh appoints new CFO, director

Asian American grocery chain iFresh has announced Jay Walder will serve as its new director and Adam He as its new CFO. He was previously the director of the company and replaces former CFO Alfred Chung-Chieh Ying. (NASDAQ)

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