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• Pittsburgh-based Giant Eagle announced that it is cutting the prices on more than one thousand items in its stores by an average of 12 percent at all of its more than 200 stores, saying that the move is consistent with its two-year program to improve its value offering for shoppers.

• California-based Diedrich Coffee announced that it plans to sell most of its 47 company-owned locations to Starbucks Coffee Company for approximately $13.5 million. The deal will leave Diedrich focusing on what it views as its two core businesses – a wholesale business that it characterizes as ‘expanding,” and serving its more than 150 franchise stores.

• According to an article in the Denver Post, Coors Brewing plans to launch a new advertising campaign to bolster sales of its Killian’s Irish Red lager beer, which has seen sales drop more than 50 percent over the last five years – in stark contrast to Coors’ Blue Moon ale, which has seen sales increases as it has been better able to take advantage of microbrew enthusiasm.

The brewer, according to the Post, “is betting that consumers who have gone over to microbrews and imports will give Killian's a shot if the company can sharpen its image.”

Agence France Presse reports that as the Thailand government looks to force foreign retailers to freeze all their expansion plans – saying that smaller, local stores need to be protected – some experts expect a number of legal challenges to the ruling by affected companies such as Tesco and Carrefour.

"The government has no legal power to order giant retailers to immediately stop expansions," Pornsilp Patcharintanakul, deputy secretary-general of Thailand's Board of Trade, tells Agence France Presse. And, there remain concerns that the attempt, whether successful or not, could damage Thailand’s foreign trade.
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