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Advance Auto Parts reports Q1 2023 results; net sales up 1.3% from a year ago to US$3.4B, net profit down at US$42.7M from US$139.8M a year ago

Watsons China is focusing digital marketing on WeChat to connect with consumers as part of its offline-plus-online model; it plans to add over 300 new stores in mainland China this year, enriched with new retail concepts like a dedicated skin care zone

UBS: 5,000 stores across all retail sectors expected to shut over next five years as consumers consolidate their trips, move towards online channels; larger, well-capitalised retailers like Home Depot, Lowe's, Walmart, Target, Costco expected to benefit

Ulta Beauty updates on real estate activity during fiscal Q1, with total operating stores now at 1,359; Ulta opened five new stores across Colorado, Texas, Washington, Arizona and Ohio, closed one store, relocated one store and remodeled two stores

Shopify to launch POS Go, a new point-of-sale hardware, in Canada as it aims to widen its offerings for brick-and-mortar stores amid a slowdown in e-commerce growth; transactions made via Shopify's point-of-sale system grew 31% in Q1 2023

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