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By Angela Moon NEW YORK (Reuters) - U.S. stocks ended little changed on Thursday in a choppy session ahead of Friday's payrolls report, which may provide insights into whether the Federal Reserve will announce another cut in quantitative easing at its meeting this month. The S&P retail sector index slipped 0.2 percent after a number of retailers, including Bed Bath & Beyond and Family Dollar , slashed their earnings forecasts. The... Read more...
Kenyan retailer Nakumatt is in talks with South Africa's Shoprite to buy its three stores in Tanzania as it moves to secure a bigger share of a large, untapped market. Retail is a red hot sector in Africa thanks to a consumer base of 1 billion people gaining increasing spending power from robust economic growth. The sector is typified by... Read more... Read more... Read more...
(Reuters) - U.S. jeweler Tiffany & Co reported a 6 percent jump in sales at stores open at least a year during the holiday shopping period, helped by strong demand in America. The company, famed for its blue boxes and its Fifth Avenue flagship store in Manhattan, maintained its full-year profit forecast, in contrast to other large retailers that have slashed their outlooks due to steep discounts. Tiffany said net sales rose 8 percent in... Read more...