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Incoming Stitch Fix CEO Says the ‘Timing Felt Right' for Executive Transition After Covid
Incoming Stitch Fix CEO Elizabeth Spaulding told CNBC the “timing felt right” for founder Katrina Lake to step down as chief executive in August.
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Jeff Bezos Says Amazon Needs to Do a Better Job for Employees in His Final Shareholder Letter as CEO
Jeff Bezos says Amazon needs to do a better job for employees in his final shareholder letter as CEO.
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Amazon Spent $11 Billion on Video and Music Content Last Year, Up From $7.8 Billion in 2019
The $11 billion worth of content spend in 2020 is a sharp uptick from 2019, when Amazon spent $7.8 billion.
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Deliveroo Shares Fall as It Gives Cautious Guidance in First Update Since IPO Flop
Deliveroo said orders more than doubled year-on-year in the first quarter of 2021. But it warned growth could “decelerate” as coronavirus lockdowns ease.
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Why Big Companies Are Spending Billions on Deal Sites Like Honey and Slickdeals
Deal-finding and coupon code sites make millions in commissions. The sites are being bought by behemoths like PayPal, Goldman Sachs and Rakuten.
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Target Is Testing a New Approach to Get Packages to Customers' Doors Even Faster
The retailer is trying to make its e-commerce business more profitable and fend off larger and sometimes speedier e-commerce rivals like Amazon and Walmart.
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American Eagle Says First-Quarter Sales on Pace to Top $1 Billion as Shoppers Stock Up on Jeans and Shirts
American Eagle Outfitters said its fiscal first-quarter revenue is on track to top $1 billion, thanks to strength at its namesake banner as well as Aerie.
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Amazon Will Examine Its Employee Review System After Claims of Racial Bias
The company has faced growing scrutiny over its hiring and promotion practices.
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Stitch Fix Shares Fall as Company's Founder Katrina Lake Steps Down as CEO
Lake founded the online styling service a decade ago and took the company public in 2017.
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Taco Bell to Open First Digital-Only U.S. Location in Times Square
Taco Bell will open its first digital-only U.S. restaurant on Wednesday in New York’s Times Square.
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Amazon Wins Enough Votes to Beat Union Effort in Alabama
The union election at one of Amazon’s Alabama warehouses has shaped up to be one of the most important organizing campaigns in recent history.
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Dick's Sporting Goods Just Opened a Massive Store With a Virtual Driving Range and Outdoor Track. Here's a Look Inside
Dick’s Sporting Goods on Friday is holding the grand opening of the biggest store it has ever built, called House of Sport.
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Amazon Lead Widens in Union Vote at Alabama Warehouse
The first day of counting ended on a downcast note for the union, with RWDSU President Stuart Appelbaum calling for the NLRB to probe Amazon’s conduct.
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Amazon to Open Its First Grocery Stores on the East Coast
Amazon plans to open a grocery store in the Logan Circle neighborhood of Washington, D.C., as well as in Franconia, Virginia, near its second headquarters.
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Skinny Jeans Are Out and Wide-Leg Denim Is in Vogue. The World Is in a New Denim Cycle, Levi's CEO Says
Levi’s CEO told CNBC the fashion world could be in the early stages of a new denim cycle. The last one, led by skinny denim, lasted about 10 years, he said.
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Levi's Shares Rise as Denim Retailer Boosts Outlook for First Half of 2021
Levi Strauss & Co. reported a double-digit sales decline for its fiscal first quarter, as ongoing store closures in Europe weighed on results.
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GameStop Says It Will Name Ryan Cohen Chairman
GameStop announced Chewy co-founder Ryan Cohen will become its chairman following the company’s annual shareholder meeting, which is scheduled for June 9.
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Expedia Group Debuts Online Covid Info Search for 7 Travel Brands
Expedia Group is starting COVID-19 Travel Advisor, an online tool that provides information about current travel restrictions, in partnership with Sherpa.
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Sneaker Reseller StockX's Valuation Jumps to $3.8 Billion
Popular sneaker reseller StockX has just closed another round of funding after seeing huge growth during the Covid pandemic.
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Amazon Union Drive in Alabama Sees 55% Voter Turnout
More than 3,200 Amazon employees cast ballots in the Alabama union drive, the union said Wednesday.