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Focus on Global Retailing
More than one-third of the world’s 250 largest retailers suffered a decline in sales in fiscal 2009 (encompasses June 2009 through June 2010), according to the Global Powers of Retailing 2011 report, whose results were revealed at the National Retail Federation’s Annual Convention & Expo in New York City. The annual report, from Deloitte Touche Tohmatsu Limited, identifies the largest 250 retailers around the world, provides an outlook for the global economy and an analysis of market capitalization in the retail industry.
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Red Wing in retail push
New York City -- Red Wing Shoe Co. plans to open 125 stores in the next five years, according to the Star Tribune.
The stores, all independently owned, will open mostly in the Northeast, in cities such as Philadelphia, where the Minnesota retailer doesn't have a strong presence.
Red Wing has about 425 U.S. stores, and about 70% are independently owned and operated.
The push into new markets represents about a 20% jump in new store growth, the company said.
