Investor wants Sears to go private

Memento SA, a shareholder in Sears Holdings, has urged the company to consider taking itself private in the face of “excessive” short selling of the retailer’s stock. News of Memento’s recommendation sent shares in the struggling company up as much as 5.1 percent in trading.

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J.Crew shuttering its popular Soho, NYC store

While the high rents in New York’s Soho neighborhood have driven out a number of big brand retailers lately — and even though J.Crew previously announced that it will close up to 50 stores due to waning foot traffic — the news that the retailer will shutter its women’s store on Prince Street will undoubtedly disappoint…

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More Americans do their food shopping at Dollar General

Dollar General reported an 11 percent increase in sales for the third quarter as the chain’s expanded selection of food items drove consistent traffic to its stores. The chain, which plans to open 900 new stores next year, has been expanding into more urban areas where it hopes to attract more affluent consumers.

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Lidl slows new store openings

A Lidl store planned in New Jersey has been put on hold due to “budgetary constraints” along with locations in other states. The German grocer has struggled after achieving initial success with new store openings.

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