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PublishedApril 25, 2022
JCPenney owners offer $8.6 billion for Kohl’s
Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl's Corp. in a deal that would be worth more than $8.6 billion, according to a report in the New York Post.
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PublishedMarch 28, 2022
Walmart to end cigarette sales in some stores
Walmart will no longer sell cigarettes in some of its stores though tobacco sales can be a significant revenue generator
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PublishedMarch 21, 2022
Maine businesses pitching in to support Ukraine
The Retail Association of Maine is seeking donations from its members and the public, L.L. Bean is sending $300,000 in money and goods, and One Longfellow Square is holding a benefit concert.
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PublishedMarch 18, 2022
L.L. Bean sales grow 14% during 2nd year of pandemic; workers get 12% cash bonus
Growing interest in the outdoors during the pandemic continues boost the Freeport-based retailer's sales.
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PublishedMarch 14, 2022
Legislature moving to curb ‘dark store theory’ tax assessments
The challenges to assessments of large retail operations can cost communities million in property tax collections.
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PublishedMarch 4, 2022
Maine businesses make few changes despite end of CDC mask advisory
Most retailers in the state already had dropped masking requirements for customers, and some had done so for public-facing workers.
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PublishedFebruary 16, 2022
January retail sales surged 3.8% as threat of omicron faded
Last month’s increase was the largest since last March, when most American households received a final federal stimulus check of $1,400.
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PublishedFebruary 14, 2022
Maine businesses and residents feel inflation’s bite
Business owners and consumers say higher prices threaten to slow the state's economic recovery as inflation hits a 40-year high.
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PublishedDecember 22, 2021
Sanford Walmart closes briefly over reported COVID-19 concerns
Media outlets reported that the closure Tuesday and Wednesday would allow a vendor to sanitize the store. Walmart was set to reopen Thursday.
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PublishedDecember 21, 2021
Mallside retail center in South Portland sold for $20 million
The buyer, Wood Hill Realty Associates LLC, plans to make improvements to the property, including a parking lot renovation.
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