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Retailer Wal-Mart de Mexico to invest $1.3bn in Mexico
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Retailer Wal-Mart de Mexico said on Wednesday it will invest $1.3bn in logistics in Latin America's No. 2 economy, in what is perceived as a show of commitment to Mexico at a time of uncertainty after the election of Donald Trump. The investment in Mexico will not result in any jobs being moved from the United States, Wal-Mart spokeswoman Jo Warner told Reuters. "The investment is funded by Walmex and is necessary for expansion of Wal-Mart's Mexican business," she said. (Reuters)
AU: Woolworths wins court case over supplier payments
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China: Metro tapping into convenience; offering fresh fruits
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Whole Foods: Purple veg will be popular in 2017
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UK: Online supermarket Ocado's sales growth dips
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German Rewe names new CEO
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Kantar Study: Dollar General and Walmart least expensive
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ICA Gruppen said sales in Swedish ICA stores increased by 2.9% in November 2016 compared with the corresponding month last year. Sales in like-for-like stores increased by 2.4%. (Reuters)
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Ahold Delhaize will plough cash reserves into online expansion
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Norway's NorgesGruppen promises to stimulate consumption of vegetables
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US: Southeastern Grocers adds five stores to Fresco Y Más banner
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US: Costco reports 3.2% rise in quarterly revenue
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Russia: Lenta opens 11 stores acquired from Kesko
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