Discount Stores News
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North West Company Inc., the oldest Canadian grocer, is trading at a record high as its dominance of remote markets from the Arctic to the South Pacific shields it from U.S. competitors such as Target Corp.
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The following is the text of the Federal Reserve Board’s Seventh District-- Chicago.
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Margaret Hancock has long considered the local Wal-Mart Stores Inc. superstore her one- stop shopping destination. No longer.
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In the years before the recession, private-equity firms put so much faith in the future of U.S. brick-and-mortar retailers that they spent $36 billion on them.
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Australian tourists Erica Kim and Michael Cai walk out of Bicester Village outlet mall near London loaded down with purchases including Jimmy Choo boots, Bally shoes and a dress. They figure they’ve saved about 1,000 pounds ($1,500) compared with shopping at home.
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Blackhawk Network Holdings Inc., a gift-card provider owned by Safeway Inc., filed for a U.S. initial public offering as consumers increase prepaid spending.
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Isidoro Alvarez insists on maintaining complete command over the Spanish retail empire he inherited from his uncle 24 years ago.
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Emerging-market stocks fell the most in a week, led by a decline in Chinese companies as retail sales growth slowed during the Lunar New Year festival and a drop in mining shares as metal prices slumped.
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X5 Retail Group NV , Russia’s largest food retailer, swung to a profit in the first quarter after a loss a year earlier when the ruble’s decline against the dollar led to the revaluation of its debt.
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The U.S. payroll tax increase that took effect this year may cause seven out of 10 Americans to curtail spending, especially on big-ticket items such as cars, according to a survey by the National Retail Federation.
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