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Etsy CEO Hopes to Build More E-Commerce Market Share No Matter What Happens With Covid
Etsy CEO Josh Silverman told CNBC he hopes the online marketplace can outpace the growth of e-commerce overall, adding to its strong pandemic performance.
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Best Buy Is Speeding Changes to Adapt to a Post-Pandemic Consumer: Smaller—and Fewer—Stores Ahead
The retailer is reducing its headcount, testing smaller stores and evaluating the size of its store footprint across the country.
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Best Buy Earnings Beat Expectations, But Shares Fall as Sales Growth Slows
Sales growth slowed, and the retailer expects the pace will weaken even further as people shift spending away from their homes.
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Wayfair Sales Come Up Short, But the Retailer Says Demand for Home Goods Online Is Strong
Wayfair gained more customers during the fourth quarter, but they bought smaller, less-expensive items, dragging down average order values.
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Crocs Became a Pandemic Staple, But CEO Andrew Rees Optimistic Its New Fans Will Stick Around
Some have called Crocs the “it” shoe of the pandemic, as the clog became a closet staple for consumers seeking comfort.
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Taco Bell Enters Chicken Sandwich Wars With Its Own Spin: A Taco Version
Taco Bell said Monday that it’s testing a taco version of the chicken sandwich in Nashville, Tennessee, and Charlotte, North Carolina.
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More Americans Are Looking to Move as Remote Work Gains Acceptance During Covid Pandemic
Twenty-eight percent of Americans have considered relocating during the pandemic, NPD said.
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How One Extreme Couponer Is Using Her Hobby to Help Others
Nina Pathammavong is a 25-year-old extreme couponer and TikToker who is using her incredible stockpile of discount goods to help people in need. Pathammavong joined LX News to talk about how she got started in couponing and to share some tips about how you can do the same.
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Retail Sales Burst Higher in January as Consumers Use Stimulus Checks to Spend Heavily
Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021.
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How Once-Quirky Homeware Store RH Became a Skyrocketing Luxury Stock
RH, formerly Restoration Hardware, has seen shares more than double during a rough time for retail and is moving forward with some ambitious plans.
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Black Franchisee Files Racial Discrimination Lawsuit Against McDonald's
Herbert Washington, a Black McDonald’s franchisee, is suing the fast-food chain for racial discrimination.
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Chocolate Sales Are Booming This Valentine's Day, as Consumers Stay Close to Home
This year’s Valentine’s Day is about more than just romance – it’s about togetherness and sharing love, and chocolate, with family, friends and colleagues.
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TikTok Sale to Oracle, Walmart Reportedly on Hold as Biden Administration Reviews
Oracle and Walmart’s plan to buy TikTok’s U.S. operations has been pushed back indefinitely, as the Biden administration reviews efforts to address potential security risks from Chinese tech companies.
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Aldi Plans to Add 100 New Stores in the U.S. and Expand Curbside Pickup
The German supermarket chain Aldi currently has more than 2,000 stores in 37 states.
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Canopy Growth Stock Surges 12%, Company Expects a Profit by Second Half of 2022
Canopy Growth shares rallied Tuesday after the Canadian cannabis company said it expects to be profitable by the second half of 2022.
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GameStop Falls 42% More Despite Easing of Broker Restrictions, Down More Than 80% This Week
GameStop’s stock is tanking again, despite the rollback of trading limits from stock trading app Robinhood.
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Tapestry CEO Says Heart-Shaped Kate Spade Bag Sold Out After Going Viral on TikTok
“We were able to harness that. The bag sold out. We got it restocked,” Tapestry CEO Joanne Crevoiserat told CNBC.
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Hershey Tracked Covid Trends After Seeing S'mores Demand Rise as Cases Grew, CEO Says
Hershey said its chocolate sales were 40% to 50% higher in areas with an increased number of Covid-19 cases than areas that were lower.
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L Brands Shares Jump on Raised Forecast, Possible Victoria's Secret Spinoff
The company has been going through a reorganization as it tries to stabilize Victoria’s Secret.
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Careem Says Restaurants Got the ‘Short End of the Stick,' Cuts Commission for Food Delivery
Careem this week announced that it will be charging restaurants a fixed monthly fee to be listed on their app, instead of a percentage-based commission.