Shop Talk

Retailers, consumers and prices

Check Out Line: Wal-Mart wins in Chile bid

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Check Out Wal-Mart’s move into Chile. USA/

The world’s largest retailer said on Friday that it was successful with its tender offer to acquire Chile’s largest supermarket chain Distribucion y Servicio D&S S.A., winning a strong base in the local market and likely sparking retail competition in the area. In 2008, Chile’s antitrust tribunal nixed a proposed takeover of D&S by regional retailer Falabella.

Wal-Mart’s move comes at a time when acquisitions or takeovers have been few and far between as companies struggle to secure financing for such deals.

The Bentonville, Arkansas-based retailer, one of the few bright spots in the U.S. retail landscape in the past year, launched its bid for all of the issued and outstanding shares in D&S, including American Depositary Shares, in December.

Wal-Mart said it secured about a 58.2 percent stake in the Chilean company.

Also in the basket:

Rite Aid gets loan to aid with financing changes

ABInBev sells down stake in Tsintao to Asahi

Few white knights emerge for bankrupt retailers

Amazon may be wounded winner in grim holiday season

Barney’s may be sold by Dubai-based owner – Bloomberg

(Photo/Reuters)

Check Out Line: Job cuts on Aisle 4!

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USA-ECONOMY/Check out the retail belt tightening.

Not belt tightening by retail customers (if there are any left), but the latest round of cost cuts by retailers themselves.

Williams-Sonoma is cutting 18 percent of its workforce and also paired back capital spending.

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