Thursday, January 20, 2005

Stores go shopping

Earlier this week May Department Stores' CEO stepped down. Today there's talk that May might be bought by their competitor Federated. And the driving force behind it all? Why, Wal-Mart of course: "The talks come amid a consolidation drive in the U.S. retailing industry as companies try to reduce costs and gain scale in an effort to compete more effectively with the industry leader, Wal-Mart Stores."

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