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Amazon Hired an Influential Democratic Pollster to Fight Staten Island Union Drive
Amazon hired Global Strategy Group, which has done polling work for prominent Democrats, to fight unionizing efforts on New York’s Staten Island.
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Kohl's Calls on Shareholders to Reject Activist Macellum's Proposal Ahead of Annual Meeting
Kohl’s called activist investor Macellum’s board nominees an “unqualified slate.”
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Walgreens Shares Fall as Pandemic Demand Slows and Health-Care Investments Ramp Up
Walgreens, which saw strong sales during the winter quarter, maintained its outlook for the year.
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Amazon Union Drive in Alabama Sees 39% Voter Turnout
Turnout for a second union election at Amazon’s Bessemer, Alabama, was roughly 39%, which is lower than last year.
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Walgreens Turns to Robots to Fill Prescriptions, as Pharmacists Take on More Responsibilities
The drugstore chain is opening 22 micro-fulfillment centers across the country and tapping pharmacists to provide more health care at stores.
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Amazon Faces Another High-Stakes Union Election as Vote Kicks Off in Staten Island
Thousands of Amazon workers at a Staten Island warehouse are voting on whether to unionize.
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Instacart Slashes Valuation by Almost 40% to $24 Billion After Plunge in Tech Stocks
The grocery delivery company was valued at $39 billion last March, when it raised $265 million.
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Wisconsin Senator Urges Kohl's to Reject Buyout Offers That Threaten Jobs in Retailer's Home State
A Wisconsin senator is urging Kohl’s to not accept any buyout offer that might precede a bankruptcy filing or threaten workers’ jobs in the state.
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Bed Bath & Beyond Shares Rise After Retailer Strikes Deal With Activist Investor Ryan Cohen
Bed Bath & Beyond announced that it has struck a deal with activist investor Ryan Cohen.
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Grocery Start-Up Gopuff Partners With UK Retail Giant Morrisons for Speedy Deliveries
Grocery delivery start-up Gopuff has partnered with Morrisons in the U.K. to deliver goods from the retail giant in a matter of minutes.
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Uber Stock Jumps on Deal to Offer New York City Taxi Rides in App
As part of the agreement, two taxi-hailing apps will integrate their software with Uber’s.
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Walmart Sues BJ's Wholesale Claiming It Stole Self-Checkout Technology
Scan & Go has become more popular since the Covid-19 pandemic began in the U.S. in early 2020 as shoppers adopted social distancing and contactless checkout.
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MacKenzie Scott Donates $3.8 Billion to 465 Organizations
Scott, who has a net worth of more than $55 billion, has become known for her surprise multibillion-dollar donations to charities.
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Petco CEO Says Company's Growth Is Inflation-Proof, as Americans Splurge on Pets and Bigger Homes
Petco is trying to grab a bigger piece of the pet market by expanding vet care and private label offerings.
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Nike Sees Signs of Recovery in China, Which Could Be a Good Omen for Other Retailers
Glimmers of hope for Nike in China could be good news for other retailers with big business in the region.
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Alibaba Surges More Than 11% After It Ups Share Buyback Program to $25 Billion
Alibaba said it will increase the size of its share buyback program from $15 billion to $25 billion, effective for a two-year period through March 2024.
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Nike Reports Sales Growth Driven by North American Demand, Delays Outlook Amid Global Unrest
Nike said it will provide a more detailed outlook for fiscal 2023 when it reports fourth-quarter results.
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Kohl's Confirms It Has Received Multiple Preliminary Buyout Offers
The company’s board of directors has hired bankers at Goldman Sachs to coordinate with bidders.
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Wall Street Is on Watch for Nike Comments on China, Russia and Supply Chain Woes
Nike is set to report its results for the fiscal third quarter after the market closes Monday, amid global unrest and clogged supply chains.
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Amazon Workers at a Second Staten Island Warehouse Will Vote to Unionize in April
The election will take place in-person at the facility, just a few weeks after an election is held at another Amazon warehouse known as JFK8.