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BUSINESS BRIEFS.(TO THE POINT)
RETAILERS
Stein Mart same-store sales rise
The discount apparel retailer's comps rose 5.3%, boosted by growth in career clothing, casual sportswear, intimate apparel and accessories; overall sales grew 7.1% to $98.1 mil. Stein Mart had closed 18 stores ahead of Hurricane Katrina, but had reopened 11. Shares fell 5.5% to 23.14.
** Clothier Haggar agreed to be acquired by a group including buyout specialist Infinity Associates for $212 mil, or $29 per share, a 25% premium over Wed's closing stock price. Shares rose 22.5% to 28.31.
** Costco Wholesale, the nation's largest wholesale club operator, said August same-store sales rose 9%, ...
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