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OfficeMax, with nearly 1,000 stores, is expected to help increase sales of Boise Cascade products, the executives said.
The next phase, which will involve the Stop & Shop, the movie theater and the additional stores, is expected to be completed about eight months later.
Last year it spent £162m on rent, so shutting stores is expected to play a vital role in reducing fixed costs.
But Create Your Taste, which has so far been rolled out to 2,000 stores, is expected to get the chop on Monday.
The $140 million project, together with a nearby parking garage and about 60 stores, is expected to be ready in two years.
Yet the Friday after Thanksgiving, the kickoff to the highest-revenue weeks for stores, is expected to lay bare the increasingly parallel universes of retailing in America, the analysts said.
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Other stores are expected to follow.
All of Woolworths' 807 stores are expected to close.
Retail prices in stores are expected to vary by region.
Many online stores are expected to shut down.
The stores are expected to generate $25 million in annual revenue.
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