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The US retail sector saw strong Q3 results, with Amazon, Target, and Home Depot beating earnings and revenue forecasts.
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Bertelli will become executive chairman of Versace once the transaction closes.
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Each of the properties is now subject to leases of 25 years, with options to extend at each renewal point.
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Store sales increased 3% and online sales grew 2%, accounting for 40% of total net sales.
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The company spent $8.8bn on the FBM acquisition and distributed $673m in dividends during the period.
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His entry is viewed internally as paving the way for a potential leadership transition in the grocery vertical.
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The 218m² store is run by independent retailers Eric and Aïcha Poidevin and staffed by a six-person team.
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Asda has announced a reorganisation of its senior leadership teams as part of its strategy to advance growth objectives in 2026.
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