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AHOLD Giant to close five stores

AHOLD Giant to close five stores

Retail : News AHOLD Giant to close five stores In the USA , Ahold owned Giant Food has said that it will close five of its oldest stores, including three in the Baltimore area, as the retailer focuses on larger and new locations. "They're smaller stores,"...

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New shareholder in CARREFOUR

New shareholder in CARREFOUR

Retail : News New shareholder in CARREFOUR Groupe Arnault and Colony Capital have this morning stated that they have taken a 9.8% stake in Carrefour. An additional 0.7% of Carrefour is held by Axon Capital, which is working in concert with Groupe Arnault...

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New marketing boss at CVS

New marketing boss at CVS

Retail : News New marketing boss at CVS US drugstore chain CVS has announced that Helena Foulkes, formerly Senior Vice President of Marketing and Advertising, has been promoted to Senior Vice President of Marketing and Operations Services. In her new...

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ITM renames e-commerce operation

ITM renames e-commerce operation

Retail : News ITM renames e-commerce operation ITM has announced that the retailer will be renaming its e-commerce site, 'expressmarché' at some point over the course of 2007. This year will be one in which the retailer expects to considerably expand...

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METRO Slovakia 2006 sales rise

METRO Slovakia 2006 sales rise

Retail : News METRO Slovakia 2006 sales rise According to unconfirmed reports in the local press, Metro Cash & Carry in Slovakia has posted a 7.4% rise in 2006 turnover to SKK17.9 billion (USD602.5 million). The retailer currently operates six stores...

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TESCO warns on US delay costs

TESCO warns on US delay costs

Retail : News TESCO warns on US delay costs As reported in the Financial Times, Tesco has claimed that an attempt to put a court block on the construction of a grocery distribution centre in California could cost the retailer over USD50 million if successful....

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BUT launches TV advertising campaign

BUT launches TV advertising campaign

Retail : News BUT launches TV advertising campaign BUT has announced that it has decided to take advantage of the law change in France in respect of retailers advertising on TV. The company has said that it will use its TV advertising to “brighten up...

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