Newswatch

Asda, the United Kingdom division of Wal-Mart Stores, last week said it agreed to purchase Netto Foodstores, the U.K. division of Danish retailer Dansk Supermarked, for about $1.1 billion. Netto operates 193 limited-assortment discount stores in the U.K., with an average size of 8,000 square feet. Asda said it would convert the stores to the Asda banner by

WAL-MART'S ASDA BUYS NETTO STORES

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