Much attention has been showered in recent months on the opportunities and challenges in front of large-scale retailing and wholesaling companies. In that context, it's easy to lose sight of the fact that there are many mid-level retailers who are doing just fine. These mid-level retailers occupy the niche that exists between independent operators with no more than several stores and the behemoths. They're the regional operators of up to perhaps 150 or so stores, or many fewer. In this ...

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