- Loblaw, Canada's number one grocery operation, announced that over the next two months it will begin testing a "dollar store" discount format at some of its discount units.
Affected will be No Frills stores in Ontario and Maxi stores in Quebec.
- Carrefour SA, the world's second largest retailer, announced today that it will acquire three Italian hypermarkets from Hyparlo, its franchise partner there. Carrefour, which already has 34 hypermarkets in Italy, is expanding its operations there, building five new hypermarkets to be opened there next year.
- Marathon Ashland Petroleum has agreed to sell 193 of its c-stores in
Florida, South Carolina, North Carolina and Georgia to Sunoco for $140 million plus store inventory.
