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Inside This Issue - News
Walmart showed off its latest thinking in small-box retailing here, with the debut of its Walmart Express format. At just 15,000 square feet, the store is just one-tenth the size of a typical Walmart Supercenter. Walmart’s top priority is growth, president and chief executive officer Mike Duke told associates and shareholders at the company’s recent annual meeting here. The private equity firm Leonard Green & Partners joined forces with CVC Capital Partners earlier this month in an attempt to buy BJ’s Wholesale Club Inc. Dollar General Corp. plans to open its first stores in California in 2012 following expansions in recent years in such other western states as Arizona and Colorado. Target Corp. sees great potential in Canada, where in the next 10 years the retailer plans to open 200 new stores and generate sales of $6 billion per year. Target Corp.’s expansion into Canada is taking shape. The company has chosen a management team and a headquarters building for its Target Canada unit, and it has selected the first group of Zellers store sites for possible conversion into Target outlets. Hedge fund manager William Ackman has increased his ownership of Family Dollar Stores Inc. by about 5 million shares, making his Pershing Square Capital Management the largest shareholder of the discount retailer. Kroger Co.’s first quarter performance beat Wall Street’s expectations, with double-digit increases in sales and earnings. The Bargain Shop Holdings Inc. has the potential to grow in Canada in much the same way that Dollar General Corp. has grown in the United States, Beryl (Jack) Buley believes.
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