BCBG's bankruptcy loan, Meijer's $375M makeover and more in today's wrap-up

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BCBG is currently soliciting for bids for sale of some of its assets in an auction in May.

BCBG gets bankruptcy loan

BCBG Max Azria was given permission by a U.S. court to borrow $15 million to get it through the bankruptcy process. The debtor-in-possession financing was approved by U.S. Bankruptcy Court Judge Shelley C. Chapman and BCBG will return to court later to seek an additional $30 million. In total, the company owes creditors $459 million and is currently soliciting for bids for sale of some of its assets in an auction in May. (Bloomberg)

Meijer's $375M makeover

Meijer will spend $375 million to make over 22 stores and build seven new locations across six states. By the end of 2017, the chain expects to grow to 237 locations in the U.S. In 2016, the company spent even more money on capital investments, totaling $400 million on nine new super centers and 32 remodels. (MLive)

Costco hikes membership fees

The U.S.'s second-largest retailer, Costco, announced it would raise the price of its Gold Start membership fee by $5 per year to $60 and its Executive membership fee by $10 to $120 on June 1. The last time the club raised its fees was in November 2011. In 2016, Costco's 86.7 million members spent $2.6 billion on membership fees, accounting for nearly three-quarters of the company's operating income. (Fortune)

Albertsons streamlines product discovery

Albertsons Co announced a partnership with a new technology across 19 of its banners that helps streamline product discovery. RangeMe's solution will enable teams to quickly locate and stock shelves with products customers want, in a quicker and more efficient way. The online platform helps buyers and suppliers to concentrate on finding relevant and trending products for customers. (Progressive Grocer)

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