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Wal-Mart buying minority stake in Chinese online retailer
Bentonville, Ark. -- Wal-Mart Stores is buying a minority stake in online company Yihaodian, which sells groceries, consumer electronics, clothing and other items. Terms of the deal and the size of the stake were not disclosed.
The deal will help expand the Wal-Mart’s reach into China, where it has 328 stores (as of Dec. 31, 2010).
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Boynton Beach Mall announces new retailers and CCS south Florida debut
Boynton Beach, Fla. -- Indianapolis-based Simon Property Group announced that its Boynton Beach Mall property recently welcomed eight new local retailers to its tenant lineup and has also announced the South Florida debut of CCS, a national skate and extreme sports concept store from Foot Locker, to open later this year.
Additionally, several national retailers are in the process of renovating and updating existing locations at the regional shopping mall.
