July 2005
Investment Dealers' Digest;7/18/2005, Vol. 71 Issue 28, p60
Trade Publication
This section provides statistical information on global retailing business. Shareholders approved the 11 billion dollars buyout of Department Stores by Federated Department Stores. The unions, which will help Federated, compete better with Wal-Mart Stores Inc., creates a huge retailer with more than 1,000 departmental stores and 30 billion dollars in annual sales. Wal-Mart blasted back at a former vice president of the company who had accused the world's largest company of violating whistle-blower lows when it conned him in early April, accusing him of falsifying transcripts in his application to the company and inflating his grade-point average.


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