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The failures of Walmart, Target and Tesco show that acquisitions rarely fail because of the numbers—they fail when assumptions about customers, operations and integration prove wrong.
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On an adjusted like-for-like basis, excluding the phasing effect of an ongoing IT transformation, growth was 6.5%.
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The newly added chains operate across Arkansas, Michigan, Missouri, North Carolina, Ohio and Texas, extending the grocery selection available through Uber Eats.
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Retail media is booming as retailers seek new sources of revenue, but monetising in-store advertising alone will not reverse years of declining footfall.
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