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Retail News

  • Workers say employers fall short of racial equality commitments

    Nearly half of all employees remember their companies making commitments to racial justice following the murder of George Floyd last year while in police custody, according to a new survey by Benevity

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  • Amazon forecast to top 40 percent of online market by year’s end

    Amazon.com’s share of the online retail market will reach 41.4 percent by the end of 2021, according to a projection by eMarketer. The retail and technology giant’s share will represent mo

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  • Walmart will drone on with latest investment

    Walmart has made an investment in DroneUp after conducting a pilot program last year with the company to air deliver COVID-19 test kits. “The trial demonstrated we could offer customers delivery

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  • Kroger says it is in a stronger position than before the pandemic

    Kroger raised its sales and earnings guidance after reporting better than expected revenues and profit numbers during the first quarter. Overall sales declined 0.6 percent during the same period last

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  • CVS and Walgreens got a boost from COVID-19 vaccine distribution

    CVS and Walgreens initially struggled as the pandemic broke out across the U.S. but have made up for lost time in recent months as their role in distributing COVID-19 vaccines has helped boost sales.

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  • Glossier plans brick and mortar return after pandemic closed all its stores

    Glossier shuttered all its stores and pop-up locations last year due to safety concerns related to the spread of COVID-19. That’s about to change, according to a blog post by Glossier founder Em

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  • Luxury sales begin to rebound as COVID-19 threat subsides

    The rich got richer during the novel coronavirus pandemic and many are starting to spend on luxury goods now that restrictions related to the disease have begun to ease in the U.S. and elsewhere. Cons

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  • Yachts are in short supply

    Consumers looking to purchase or charter yachts having a tough time as current demand outstrips supply. Sales of boats under 50 feet are up 27 percent from 2019 and those above 150 feet have risen 47

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  • Victoria’s Secret bets on consumers buying its completely reimagined brand

    Victoria’s Secret has jettisoned its angels and replaced them with Olympic athletes, an Indian actor and tech investor and advocates for gender and racial equity — Megan Rapinoe, Eileen Gu, Pa

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