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Recent Articles

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Goldman Sachs initiates coverage of Ross Stores and Burlington Stores with buy ratings, TJX with neutral rating; outlook for apparel sector continues to weaken, but discount retailers' stocks set to pop as consumers flock to cheaper options amid inflation

Grocery Outlet opens first store in Maryland, expanding its brick-and-mortar footprint to eight states, 424 total stores; company says it is on track to open 28 net new stores during the year, including approximately 10 stores in the Mid-Atlantic

Ollie's Bargain Outlet to open store in Bedford, Indiana; store will be at location of former JC Penney that closed in 2020 as part of a national reduction of stores

Grocery Outlet's Q4 net income falls 72.6% year-over-year to US$6.6M from US24.3M; net sales down 3% to US$782.7M from US$806.8M, though additional week in Q4 2020 contributed US$53.3M in net sales

Canadian Tire's Q4 net income attributable to shareholders rises to C$508.5M from C$488.8M last year; revenue up to C$5.14B from C$4.87B as comp sales rise 11.3%, driven by strong performances across all banners

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