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Walmart Says It Will Support U.S. Manufacturers With $350 Billion of Added Business
The retailer said the decision will benefit the environment and the U.S. economy, too, by sourcing goods closer to customers and creating demand for jobs.
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Target to Invest $4 Billion to Speed Along New Stores and Remodels, Expand Ability to Fill Online Orders
The retailer told investors and analysts that it has room to run, despite significant market share gains and sales growth during the pandemic.
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Target CEO Brian Cornell Says He Was Surprised by the Surge of Shoppers in January
Target CEO Brian Cornell said store traffic picked up in January, even after the holiday season ended.
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Taco Bell Owner Yum Brands Buys A.I. Business to Improve Marketing
Yum Brands has bought a business unit from Kvantum that uses artificial intelligence for marketing performance analytics.
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Macy's Operating Chief Harper to Depart, the Post Will Remain Vacant Amid Other Leadership Changes
Macy’s announced management changes as the retailer looks to woo back customers, who have been shopping online and avoiding malls during the pandemic.
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McDonald's Considers Partial Sale of Drive-Thru Tech Start-Up Dynamic Yield
The company plans to sell Dynamic Yield’s third-party business, which is outside what it provides to McDonald’s restaurants.
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Walmart Nabs Goldman Sachs Bankers to Help Lead Its New Fintech Start-Up
The retail giant is looking for other ways to drive revenue, from advertising to financial services.
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Not Just Tesla: Tech Analyst Says Electric Vehicle Stocks Could Soar 50% This Year
Electric vehicle stocks could climb by 50% this year, according to Wedbush analyst Daniel Ives, who thinks there’s enough room in the market for Tesla rivals.
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Oatly Enters Starbucks Cafes Nationwide as It Prepares for a Big Year
Starbucks cafes nationwide will carry Oatly’s nondairy substitute starting Tuesday.
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Young People Have a Popular Pandemic Pastime: Filling, Then Abandoning, E-Commerce Shopping Carts
People have been picking out items and abandoning carts for years. But the pastime appears to have increased due to the coronavirus pandemic.
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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.