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FedEx expects 12% increase in holiday shipments
FedEx says a big boost in online shopping will propel its business between Black Friday and Christmas Eve at least 12.4% above 2014 levels.
FedEx expects the holiday period to include three shipment volume spikes: Cyber Monday and the first two Mondays in December.
The company said it was adding 55,000 employees for the holidays to handle the increased demand.
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TJX enters Australian off-price market
The TJX Companies is expanding into another country with its acquisition of Trade Secret’s 35 stores.
TJX announced it has completed its acquisition of Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corporation Limited for $59 million. The acquisition of Trade Secret provides TJX an opportunistic entry into Australia, where TJX currently operates one of its 13 buying offices.

