Joe Feldman News
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Whole Foods Market Inc. gained the most in more than nine months after the largest natural-goods grocer in the U.S. boosted its forecast for earnings this year and said second-quarter profit climbed 20 percent.
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Whole Foods Market Inc., the largest natural-goods grocer in the U.S., boosted its forecast for earnings this year after sales at established locations increased and second-quarter profit climbed 20 percent.
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Fairway Group Holdings Corp., the grocery-store chain focused on greater New York, is seeking to go public at a valuation that’s more expensive than peers including Whole Foods Market Inc.
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There’s never been a cheaper time for private-equity firms to gamble on Best Buy Co., with founder Richard Schulze’s 20 percent stake up for grabs and the electronics retailer near its lowest-ever valuation.
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Staples Inc., the largest U.S. office supplies chain, plans to shut 45 locations in Europe and accelerate the closing of 15 stores in the U.S. as part of a plan to save about $250 million a year.
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Safeway Inc., the second-largest U.S. grocery-store chain, said Chief Executive Officer Steven Burd, 63, will retire in May after 20 years at the company.
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Until Steve Jobs died, Best Buy Co. was plotting a familiar course for its Super Bowl ad: hiring a celebrity spokesman.
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BJ’s Wholesale Club Inc. shareholder Leonard Green & Partners said it’s considering making an offer for the U.S. membership warehouse chain, reviving its overtures after BJ’s began looking for suitors.
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BJ’s Wholesale Club Inc., the cheapest discount retailer in America, may be poised to extract $750 million for shareholders at the expense of its private equity bidders.
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BJ’s Wholesale Club Inc. plans to run an auction to sell itself after receiving an offer from private-equity firm Leonard Green & Partners LP in recent months, said three people with knowledge of the situation.
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