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U.S. import prices rose 0.7% in August after declining 0.3% for two straight months, with increases in the costs of capital and consumer goods suggesting inflation could rise further.
Ollie's Bargain Outlet reported Q2 net sales of $741 million, up 9.1%, with adjusted EPS rising 43% to $1.42. Comparable store sales fell 1.8% as it updated full-year net sales guidance.