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Report: Walmart preps for next competitive threat
Executives at Walmart are planning their next move in anticipation of its newest rival — and asking suppliers to support their cause. The European grocer Lidl, which has a track record for disruption, is preparing to open its first 20 United States-based stores this summer. The first locations are set to open their doors in the next few weeks. As a result, Walmart is asking suppliers to keep their prices low, according to the Consumerist. -
Teen apparel retailer files for bankruptcy protection
A month after it announced it would close 400 stores, the other shoe has dropped at Rue 21. The Warrendale, Pennsylvania-based retailer announced it has filed for Chapter 11 bankruptcy protection and entered into agreements with some of its lenders to reduce the company's debt and provide additional capital in support of its restructuring. The company, which expects to continue normal business operations throughout the process, listed its assets and liabilities in the range of $1 billion and $10 billion, according to its court filing.

