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Why Retailers Are Selling Out of Hot Items Like PS5 and Yeezy Sneakers in Seconds
If you couldn’t get your hands on a PS5 for the holidays, or clicked the “buy” button seconds too late to score a pair of Yeezys, you may have felt like the market is rigged against you. And you were right. With computer bots able to find and buy items faster than a human can search, and resale networks motivated...
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Taco Bell's Mea Culpa to Vegetarians: Potatoes Are Back and It Will Test Beyond Meat Menu Item
Taco Bell is bringing back its popular potatoes and will test Beyond Meat’s beef substitute in a bid for vegetarian customers.
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Urban Outfitters Shares Tumble on Disappointing Holiday Sales, Retailer Taps Harrington as CEO
Urban Outfitters shares tumbled after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart.
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Walmart Will Test Grocery Deliveries to a Smart Cooler on Customers' Doorsteps
Walmart is launching the pilot as more customers look for convenient and contact-free ways to stock their fridges.
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Walmart to Create Fintech Start-Up With Investment Firm Behind Robinhood
The retail giant interacts with millions of customers, including some who don’t have a relationship with a bank or a financial advisor.
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Shake Shack Stock Jumps 6% After Burger Chain Says Sales Grew in Latest Quarter
Shares of Shake Shack rose 6% in morning trading after the company said its fiscal fourth-quarter revenue grew, following several quarters of sales declines.
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Driven by Digital, UK Entertainment Revenues Topped $12 Billion Last Year
Today’s homes boast a wide range of technologies and connected devices.
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Ben & Jerry's Debuts Frozen Dog Treats, a Passion Project Inspired by Its Pet Friendly Workplace
The ice cream maker has developed Doggie Desserts, two flavors of frozen treats that will be sold at grocery and pet stores
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Main Street Looks Ahead to PPP Relaunch as Covid Outbreak Grows More Severe
Lending advocates are hopeful the funding will help to bridge the gap for small companies and minority-owned businesses that may have missed out last year.
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Victoria's Secret Parent L Brands Says Holiday Same-Store Sales Rose 5%, Offers Upbeat Profit Outlook
L Brands said its same-store sales during the holiday period were up 5%, compared with a 3% drop a year earlier.
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Starbucks Promotes Rachel Ruggeri to CFO as Pat Grismer Retires, Reiterates Outlook
Ruggeri will be CFO when Grismer retires on Feb. 1.
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Macy's Is Shuttering 45 More Locations This Year, as Part of Its 3-Year Store Closure Plan
Macy’s has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned.
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Mall of America Is No Longer Delinquent on $1.4 Billion Mortgage
Mall of America is current again on its $1.4 billion mortgage, after missing months of payments during the Covid crisis with stores shut down.
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Drones, Bots and Virtual Stores: How Your Pandemic Shopping Boosted New Trends in Retail
The coronavirus decimated the retail industry in 2020 — but also fueled dramatic advances in new technology. From Walmart’s self-driving delivery trucks to American Eagle’s virtual stores, the retail industry has advanced several years in just nine months, experts say.
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Surge in Online Shopping Is Straining America's Busiest Port, Official Says
Shipments processed at the Port of Los Angeles were up 22% in November as American consumers bought more goods online, Executive Director Gene Seroka said.
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Dealing With Holiday Returns During the Pandemic
Holiday returns will look different for many after Christmas with the pandemic. Retail experts have some tips on navigating the new returns landscape.
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Holiday Gift-Card Buying Could Help Boost Retail Sales in 2021, Ex-Walmart Exec Says
“They might not redeem their cards until the second quarter, and it may trickle in during the course of the year,” former Walmart U.S. CEO Bill Simon said.
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The Container Store CEO Opens Up on Retiring, Says ‘We're in a Perfect Spot'
“There’s never a perfect time to pass the reins, but it just felt as perfect as it can get right now,” The Container Store CEO Melissa Reiff said after announcing new chief.
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Chipotle Will Not Require Its Employees to Get the Coronavirus Vaccine
Chipotle Mexican Grill CEO Brian Niccol said Tuesday that the company will “strongly encourage” employees to receive the coronavirus vaccine.
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Peloton Shares Hits All-Time High as Investors Bet Precor Deal Will Ease Manufacturing Delays
Peloton shares hit a record high on the heels of the company’s announcement that it plans to buy Precor for $420 million.