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Canada to review Target’s Canadian plans based on cultural requirements
Toronto -- A spokesman for the Canadian Heritage Minister said Thursday that the government will conduct a review of Target’s store opening plans in the country to ensure its books, DVDs, music and other cultural products have enough Canadian content.
The review, which comes as Target is laying the groundwork to open in 2013 the first of 125 to 135 stores in former Zellers locations, falls under a “cultural heritage” provision in Canada’s foreign-takeover law.
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Walmart gives away nearly $1 billion in 2012
BENTONVILLE, Ark. — As a large, profitable retailer, Walmart is expected to give back. While many could argue it could do more, the company gave away $958.9 million in cash and in-kind contributions around the globe during the fiscal year ending Jan. 31. The company's U.S. giving grew nearly 20%, largely due to increased donations of produce, meats, poultry and other nutritious food to local food banks from Walmart stores, Sam's Club locations and distribution centers.