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Retail News Breaks Archives British food and drug retailer Asda plans to sell all privately prescribed cancer treatment drugs on a not-for-profit basis, a move that it called a "world first." A rise in shopper traffic and the average basket size helped fuel a double-digit gain in revenue for the first quarter at Dollar Tree Inc. BJ's Wholesale Club Inc. reported earnings that bested financial analysts' expectations for its first quarter, along with a double-digit sales gain. Fueled by a better than expected retail performance, Target Corp. posted robust profit and sales increases in its first quarter. Wal-Mart Stores Inc. reported a healthy sales gain in its fiscal 2011 first quarter and posted earnings that beat financial analysts' forecast. As consumer spending gradually warms, rivals Target Corp. and Walmart are going head to head with enhanced electronics departments offering expanded arrays of products.
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