Development/Redevelopment

Walmart said it will close 10 underperforming Sam’s Club stores later this month and cut 1,500 jobs to reduce costs.

Putting an end to weeks of speculation in the local and trade press as to its interest in the bankrupt Penn Traffic Co.’s stores, Tops Markets, LLC said last week that a bid to acquire a majority of its fellow Northeast grocer’s assets, including its 79 supermarkets, has been accepted by the Syracuse, N.Y.-based company and recommended to the U.S. Bankruptcy Court for approval.