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Walgreens is reportedly negotiating with Sycamore Partners to take the company private, following a significant decline in its stock value. Shares have dropped from over $25 in January to around $10, amid increasing competition and financial losses. A deal could reshape Walgreens' operations and ownership structure.
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As the holiday shopping season approaches, major retailers like Walmart and Target are adjusting their strategies amid changing consumer behaviors. Walmart reports strong sales growth, particularly among higher-income shoppers, while Target faces challenges with declining discretionary spending and a disappointing outlook.
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Five New Yorkers face felony charges for organized retail theft, marking the first use of a new law aimed at combating such crimes. The arrests coincide with the holiday shopping season, highlighting concerns over retail crime's impact on consumers and businesses.