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Inside This Issue - News
Value conscious shoppers, a population whose ranks have swelled in recent years, are about to get more options regarding where to buy their groceries. Ahold NV has unveiled a growth strategy designed to reverse slowing sales growth and cut costs in its two major markets of western Europe and the eastern United States. Record Black Friday sales failed to lift retail growth in November to last year’s level. While chains overall reported gains for the month, results at some, including Target Corp., fell below expectations, foretelling mixed results for the holiday season. Walmart has kicked off an internal investigation into whether some of its workers around the globe violated a federal law that prohibits bribery overseas. CVS Caremark Corp. has shifted several executives into new roles. Wegmans Food Markets Inc. says it plans to build its smallest store in a decade — a 70,000-square-foot unit in this Boston suburb. Target Corp. reported another strong performance in the third quarter, as both its retail and credit card segments continued to gain momentum. In an embarrassing reversal that raises questions about India’s potential for economic development, the government of Prime Minister Manmohan Singh has suspended its plan to liberalize restrictions on foreign investment in the country’s retail sector, just two weeks after announcing the move.
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