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  • Cardtronics acquires Canada’s Mr. Cash

    Houston -- Cardtronics announced that its wholly owned subsidiary, Cardtronics Canada acquired Mr. Cash ATM Network, Lethbridge, Alberta.

    The acquisition expands Cardtronics’ international presence into Canada. Financial terms of the acquisition were not disclosed.

  • A&P to emerge from bankruptcy in 2012

    Montvale, N.J. -- The Great Atlantic & Pacific Tea Co. said Friday that it has secured a $490 million financing package from Ron Burkle’s Yucaipa Cos., Mount Kellett Capital Management and investment funds managed by Goldman Sachs.

    The combination debt and equity financing, which is subject to court approval, will allow the grocer to emerge from Chapter 11 bankruptcy protection early in 2012.

  • IBM: iPad and other mobile devices to help drive strong online spending in November

    Armonk, N.Y. -- Online holiday shopping in November is expected to grow 12% to 15% versus the year-ago period, with mobile devices such as iPads and Android phones helping to drive spending, according to the IBM Coremetrics Benchmark analysis which gathers data directly from the websites of more than 500 leading U.S. retailers. The analysis also predicts that 15% of people in the United States who log onto a retailer’s website during November will do so through a mobile device.

  • Simon files lawsuit against State of Indiana

    Indianapolis -- Shopping mall owner Simon Property Group said Friday it has filed a complaint against the State of Indiana in Marion County Circuit Court.

    The suit is not for monetary damages but is a move to try and force the state to make Amazon.com collect sales tax in order to erase Amazon’s pricing advantage over brick-and-mortar retailers.
     

  • Army & Air Force Exchange Service announces Thanksgiving deals

    DALLAS — The Army & Air Force Exchange Service announced that it is offering several Black Friday deals for military members and their families.

    Among the deals being offered are Sony 55" LCD TVs for just $899, HP Pavilion G6 Notebooks for $279, 50% off regularly priced ladies apparel from Izod, Calvin Klein, Michael Kors and others as well as an Xbox 360 4GB gaming systems with built-in Wi-Fi console for just $99. Additionally, all Coach handbags (both in-store and online at shopmyexchange.com) will be 25%off from 5:00 p.m. to 7:00 p.m.

  • PBteen to open first-ever pop-up

    San Francisco -- Willams-Sonoma’s PBteen brand will open its first-ever pop-up store in Natick Mall, Natick, Mass., Nov. 4.

  • Fresh & Easy debuts smaller Express format

    New York City -- Fresh & Easy Neighborhood Market, the U.S. division of Tesco, has opened its first Fresh & Easy Express store, at La Cienega Boulevard and 18th Street in Los Angeles.

    The new format is approximately 3,000 sq. ft. versus the 10,000-sq.-ft. footprint of a standard Fresh & Easy. It features an edited selection of some 2,700 SKUs, including fresh foods, baked items, groceries, and health and beauty items.
     

  • Target still driving sales, despite leadership uncertainty

    MINNEAPOLIS — Target reported October sales growth that fell short of analysts expectations, while uncertainty remains following the recent departure of the company's CFO.

    Target reported that its net retail sales for the four weeks ended Oct. 29 were $4.8 billion, an increase of 4.3% from $4.6 billion for the four weeks ended Oct. 30, 2010. On this same basis, comparable-store sales increased 3.3% in October and 4.3% in the third quarter.

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