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Amazon shoppers ignore discounts to swarm Prime Day sale

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  Bloomberg Amazon.com Inc’s Prime Day sale is luring bargain hunters looking to stock up on pantry items and cheap electronics despite a dearth of deals. Typical household spending was $88.28 as of noon New York time, up 20% from the early hours of the previous sale last June, according to Numerator, which is tracking Prime Day spending from 973 ...

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CMA probes Morrison’s takeover deal of McColl’s

  Bloomberg Wm Morrison Supermarkets’ planned takeover of struggling UK convenience store-chain McColl’s Retail Group Plc will get a formal antitrust probe from Britain’s competition watchdog. The Competition and Markets Authority (CMA) said it had officially kicked off a merger inquiry into the deal to see whether it would result in a lessening of competition in the UK groceries market, ...

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Sephora makes permanent exit from Russia

  Bloomberg Sephora, the cosmetics retailer owned by LVMH, agreed to sell its Russian subsidiary, making it the latest brand to pull out of the country following its invasion of Ukraine. LVMH is selling Sephora’s Russia business to the local general manager, the company said. In early March, the group temporarily closed its Russian stores. Sephora’s exit comes as European ...

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