Men, who have endured slightly higher unemployment rates than women, have been taking on more of the household shopping, according to a recent report. The trend hasn’t boded well for stores: On average, men spend less than wome…
In this economy, cash-strapped consumers have become more budget conscious and less concerned about appearing cheap. As a result, better-known brands have steadily been losing ground to store-branded food products.
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Whole Foods shares rose Friday after a Jeffries analyst upgraded the stock, saying the grocery’s strategy of offering lower-priced items has accelerated sales while maintaining low costs.
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Walmart has renewed its efforts to purchase Russian supermarket chain Kopeika, following reports that competing Russian grocer X5’s interest in acquiring it has waned, according to Reuters.
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Target Corp. will open its first smaller, “urban” store in Seattle in 2012, marking attempts by the second-largest U.S. discount store chain to boost business by expanding beyond its largely suburban customer base.
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