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In the U.S., the traditional shopping mall is part of a saturated market, thanks to big-box retailers and retail-industry consolidation that wiped once-popular anchor stores like Montgomery Ward from the landscape.
FORBES: The World's Largest Malls
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He says the U.S. Food and Drug Administration will use this as their justification for returning Tysabri to the market as a monotherapy with a big "black box" warning about the risk of PML on the label.
FORBES: Loving Elan's Latest Comeback
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Last week, the black box investors at Boston quant fund ClearStream Investments said the big emerging market exchange traded funds were all a buy.
FORBES: The Black Box Says Sell Equities, Keep the Change
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In the U.S., meanwhile, the traditional shopping mall is part of a saturated market, thanks to the off-mall big-box retailers and to retail-industry consolidation that has jettisoned previously popular anchor stores like Montgomery Ward from the landscape.
FORBES: They're springing up in Asia, but will they all last?
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To make matters worse, the real estate market crumbled, greatly reducing the value of the big box stores that are the hallmark of both Kmart and Sears. (Sears has sold some assets this year, and still lists 88 properties for sale and lease in closed buildings.) Lampert has always been capricious pushing out his chief executives, changing how much control he personally wields.
FORBES: Lampert Is Now Sears CEO--Another Odd Power Shift For The Brash Billionaire
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Big-box jewelry brands like Alukkas have less than 8% of the market.
FORBES: BY SARITHA RAI
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Maybe the free market will correct for the wages too since the big-box stores eventually also have to sell the items to the very people they employ, but the bigger risk is the transfer of control from many to a select few, which leads to its own risks in terms of productivity and wealth creation.
FORBES: Wiping Out Millions of Jobs is the Whole Darn Point
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The shares of big box electronics retailer Best Buy Inc. ( BBY) are getting hammered in pre-market trading this morning.
FORBES: Best Buy Plunges on 3Q Earnings Miss; Put Options in Focus