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  • Nov 25- Bankrupt grocery chain Haggen said on Wednesday it had received court approval to sell 47 stores on the West Coast, most of which will go back to grocer powerhouse Albertsons, as part of a plan to emerge from Chapter 11.. Bellingham, Washington- based Haggen ran into debt trouble this year after a costly and ambitious expansion drive that included the...

  • *Plans to cut China price premium. BERLIN, Nov 24- German fashion house Hugo Boss said Chinese and U.S. markets will remain challenging in 2016 and it will restrict new store openings to top global locations as it expands its more profitable online business. China remains the biggest opportunity for the group but tough conditions there, and in the United States...

  • NEW YORK, Oct 28- Brookfield Property Partners LP announced on Wednesday it sold a 44 percent stake in its $4.5 billion development on Manhattan's west side to the Qatar Investment Authority in a project it said would be worth almost double that when completed. QIA announced in September on opening a New York office that it planned to invest $35 billion in the...

  • "We continue to have wonderful success there," Apple's chief financial officer, Luca Maestri, told Reuters, adding that Apple now has 25 stores in China and is opening a new one roughly every month. But China sales dipped from the fiscal third quarter, when Apple notched $13.2 billion in revenue there. The sequential decline is important as many analysts believe...

  • Warner Bros. spent $150 million to bring the Neverland adventure to screens and millions more in marketing, but the big-budget fantasy mustered a puny $15.5 million opening. Sony's "The Walk" stumbled in its wide release, expanding from 448 Imax and premium large format theaters to more than 2,500 locations, and eking out $3.6 million in the process.

  • *Fast Retailing needs to improve brand recognition in U.S. TOKYO, Oct 8- Japanese clothing firm Fast Retailing Co said on Thursday it would open fewer U.S. stores for its core Uniqlo brand this year after a rapid expansion failed to entice customers, leading to a lower-than-forecast annual profit. Fast Retailing, which is seeking to overtake Zara-owner Inditex...

  • ATLANTA, Oct 2- Wal-Mart Stores' expanding network of large distribution centers will allow it to deliver packages throughout the United States in two days, setting it up to compete more efficiently in online holiday sales, a senior executive said on Thursday. Bender was speaking after an event to mark the opening of one of the new warehouses- a 1.2 million square...

  • MILAN, Aug 27- Italian luxury group Salvatore Ferragamo may opt for smaller new stores in China as local consumers shop more online and abroad, its chief executive said on Thursday. Asia-Pacific is the biggest market for the Florentine shoemaker and sales there declined 4 percent at constant exchange rates in the first half of 2015, even though the brand's own...