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Executive Summary

  • This week’s note “From the Desk of Deborah Weinswig” discusses what U.S. Census Bureau data and company reports tell us about the holiday retail season.
  • Walmart’s holiday sales blew past expectations: Sales at U.S. stores open at least a year grew 4.2% and U.S. digital sales grew 43% over the holiday stretch compared with last year.
  • Germany’s Metro has given its Makro Belgium cash-and-carry business a capital injection of €40 million ($45 million) along with a warning that the business may face closure if it does not improve in 2019.
  • QL Resources, which operates the FamilyMart chain of Japanese convenience stores in Malaysia, is proceeding with plans to launch 300 new stores by March 2022, despite a slowdown in Malaysia’s economy. 

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