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Merger creates new pet power
Two mid-sized U.S. and Canadian chains are joining forces to create the third-largest pet specialty retailer and the largest small format, neighborhood specialty pet retailer in North America Pet Valu and Pet Supermarket have merged to create a combined business named Pet Retail Brands. With more than 930 stores, it is expected to generate approximately $1 billion in system-wide retail sales across the U.S. and Canada. Pet Retail Brands will have stores from the East Coast to the West Coast and from Miami to Vancouver.
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Havertys Q2 sales spring upward
A shift in the timing of a major holiday was cause for celebration at home furnishings retailer Havertys Furniture Companies Inc. Sales in the second quarter of fiscal 2016 at Havertys rose 4% to $194.8 million, from $187.7 million the same period a year earlier. Same-store sales increased 2.8%. Written total and same-store sales for the second quarter both rose 6%.
