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The Carpionato Group has leased three of the former Benny's locations in Rhode Island and Massachusetts.

3 Benny’s sites leased in East Providence, Seekonk

EAST PROVIDENCE – Three of the former Benny’s stores, in East Providence and Seekonk will be converted to Dollar General stores, a national discount...
THE U.S. CONSUMER confidence index decreased from 136.4 to 128.1 in December. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE

U.S. consumer confidence drops to 5-month low as outlook dims

NEW YORK - United States consumer confidence slumped in December to the lowest level in five months as expectations deteriorated, the latest sign Americans...
AMAZON.COM IS REPORTING a record-breaking holiday retail season, with hot-selling items ranging from Calvin Klein clothes to its Echo speakers. / BLOOMBERG NEWS FILE PHOTO

Amazon’s record holiday shows consumers’ spending splurge

NEW YORK – Amazon.com Inc. reported a record-breaking holiday season as shoppers loaded their online baskets with items from Echo speakers to Calvin Klein...
“Heading into 2019, gasoline demand is expected to dwindle in January, an expected change following the busy holiday travel season,” said Lloyd Albert, AAA Senior Vice President of Public and Government Affairs. “At the same time, OPEC will begin production cuts January 1 with hopes the shift in global supply will push oil prices higher. The impact of the cuts will not likely be known until later in the first quarter.”

Gas prices continue dropping, 2 cents in both R.I. and Mass.

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island declined 2 cents over the week to $2.50 per gallon, 18...

It’s make or break time for retailers

Local retailers have turned to traditional in-store special touches such as gift wrapping and promises of superior customer service to attract customers to their...

Finding a good deal

Did you shop on Black Friday or during Small Business Saturday? No: 62.5% Yes: 37.5%How soon do you begin holiday shopping? November: 50% Early December: 25% Last minute: 25%Where...
UNITED NATURAL FOODS reported a $19.3 million loss for the fiscal 2019 first quaerter, ended Oct. 27, largely due to costs related to its $2.9 billion acquisition of SUPERVALU.

UNFI reports $19.3M loss related to acquisition of SUPERVALU

PROVIDENCE – United Natural Foods Inc. reported a net loss of $19.3 million, or 38 cents per diluted share, for the first quarter of...
REAL WORLD CYBERMANIA: When all the counting is done, it looks like American shoppers likely spent nearly $8 billion on CyberMonday, part of the traditional Thanksgiving holiday kick-off to the holiday shopping season. Where do you like to do your holiday gift buying? / BLOOMBERG NEWS PHOTO/ALEX KRAUS

How do you do your holiday shopping?

While the final numbers won't be in for a while, it appears that nearly 10 million fewer Americans shopped over the Thanksgiving holiday weekend,...
CVS HEALTH has closed its $70 billion acquisition of Aetna. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

CVS Health closes $70B Aetna acquisition

WOONSOCKET — CVS Health Corp. has closed its acquisition of Aetna Inc., with the latter valued at $212 per share, or about $70 billion,...
THE AVERAGE U.S. shopper spent $313 over the five-day holiday weekend. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

American shoppers shelled out $313 each over five-day weekend

NEW YORK - A million more United States shoppers than expected turned out for the five-day holiday weekend, and many spent hundreds of dollars...
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