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Retail News

  • J.C. Penney trims losses, raises forecast

    J.C. Penney has apparently made progress in cutting its losses, reporting a $97 million net loss in the third quarter, 41 percent lower than the same period in 2018. Top-line revenues continue to pose

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  • Amazon’s push for broad selection and cheaper prices encourages counterfeit sales

    Amazon.com has spent millions of dollars to combat the sale of counterfeit goods in its marketplace. Simultaneously, it has pushed for an expanded selection of low price goods sold through third-party

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  • Rent the Runway and Nordstrom expand partnership

    Rent the Runway and Nordstrom have agreed to create new products together and are incorporating inventory from the department store into the rental subscription service’s system.

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  • Consumer spending expected to remain strong

    Retailers and analysts are among those who expect consumer spending to remain relatively strong over the short term buoyed by the job and credit markets.

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  • Nestlé looks to profit while doing good

    As the world’s largest food company, Nestlé faces scrutiny over practices that may help its bottom line but do damage to the environment. Under CEO Mark Schneider, Nestlé is focused more than

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  • FDA warns Dollar Tree over sale of ‘potentially unsafe drugs’

    The Food and Drug Administration has sent a warning letter to Dollar Tree concerning “multiple violations of current good manufacturing practices at contract manufacturers used to produce Dollar Tre

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  • Americans strongly favor marijuana legalization

    Sixty-seven percent of Americans now support the legalization of marijuana, up from 62 percent in 2018, according to a new poll from the Pew Research Center. The percentage of people opposed to legali

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  • Warren Buffet’s Berkshire Hathaway takes substantial stake in RH

    Warren Buffet’s Berkshire Hathaway acquired 1.2 million shares of RH, the retailer formerly known as Restoration Hardware, in the third quarter. With its stake, Berkshire Hathaway is now the fou

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  • Walmart posts 3Q gains, raises expectations for the holidays

    Walmart posted better-than-expected gains in same-store sales during the third quarter as customers spent more in the chain’s physical locations and website. The chain’s same-store sales w

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