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Reports: Albertsons calls off Price Chopper deal
NEW YORK — Albertsons decided to drop its bid to buy Golub, parent company of Schenectady, N.Y’s, Price Chopper chain, according to several news reports.
Neither company confirmed merger talks, but Drug Store News reported on Nov. 30 the two companies could be nearing a $1 billion deal.
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Retail execs optimistic about 2017 in survey
Retailers executives are bullish on 2017.That’s according to a survey from TD Bank, which polled 173 retail executives at the National Retail Federation’s annual Big Show in New York City. Seventy-four percent of the retailers said they believe sales will increase in the next 12 months. What’s more, 81% of the retailers reported that they met or exceeded their revenue goals in 2016.In other key findings: