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Survey: Growing concern over food and gas prices
Chicago -- In its most recent consumer sentiment and behavior survey, Technomic, the Chicago-based food industry research firm, found that 84% of consumers believe that grocery prices have risen in the past three months and 62% believe restaurant prices have risen.
Bob Goldin, executive VP of Technomic, believes that the rapid rise in gas prices, now at record highs, has raised consumer sensitivity to price increases in grocery stores and restaurants.
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American Dream will be world’s largest retail/entertainment complex
East Rutherford, N.J. -- Triple Five on Monday gave more information on its plans to transform the controversial and long-delayed Xanadu project in New Jersey’s Meadowlands Sports Complex, in East Rutherford, into what it promises will be “the world's largest and premier tourism, entertainment and retail destination, eventually reaching 7.5 million sq. ft.”