Real Estate

LONDON - Britain's biggest supermarket group Tesco Plc on Wednesday joined its major rivals by considering a bid for the UK's fourth-biggest grocery chain Safeway Plc.

NASHVILLE - The Kroger Co. revealed plans this week to spend $120 million over the next two years opening new stores or remodeling and expanding existing locations in Middle Tennessee, the The Tennessean reports.

LONDON - The bidding war for the British supermarket chain Safeway PLC escalated Friday when U.S. buyout specialist Kohlberg Kravis Roberts & Co. said it had made an approach to Britain's fourth-largest food retailer, The Associated Press reports.

CHICAGO - Discount retailer Kmart Corp. said on Tuesday its board approved the closure of 326 of its 1,800 stores in hopes of emerging from bankruptcy as soon as April 30. The retailer also said it would cut as many as 37,000 jobs.

SALISBURY, N.C. - Food Lion on Monday disclosed the locations of 41 money-losing stores in 10 states that it plans to close by the end of January. The closings will affect about 1,500 employees, the company said.

CHICAGO - Kmart Corp. on Tuesday told employees about the latest round of store closings and job cuts, which the Detroit Free Press estimates to be 330 stores and more than 25,000 jobs.

LONDON - British supermarket giant Sainsbury PLC said Monday it was considering making an offer of more than 3 billion pounds ($4.8 billion) for Safeway PLC, raising the prospect of a bidding war for Britain's fourth largest grocery chain.

ATLANTA - Atlanta-based Cousins Properties on Thursday announced that Publix Super Markets has signed a lease to lead its latest project, a 70,000-square-foot grocery-anchored retail center in Tuscaloosa, Ala. scheduled to open in December.