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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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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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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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Paramount+ Leans Heavy on Reboots and Spin-Offs for Streaming Service Slate
ViacomCBS is leaning hard into old favorites when it comes to padding its upcoming streaming service Paramount+.
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Marvel's ‘Loki' Series Will Debut on Disney+ Starting June 11
The long-awaited “Loki” series, which takes place after the events of “Avengers: Endgame,” stars Tom Hiddleston and arrives June 11 on Disney+.
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Mattel Outlines Plan for 2021 and Beyond, Expects Sales to Grow by Mid-Single Digits Through 2023
During Mattel’s investor day Wednesday the company reiterated its expectations for growth in the coming year and laid out its forecast for 2022 and 2023.
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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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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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Best Buy Settles $633,500 Case Over Return Policies
Best Buy approved a more than $600,000 settlement in a case over it’s prices and return policy.
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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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‘Silence of the Lambs' Turns 30: How the Horror Masterpiece Is Still Gripping Hollywood
“Silence of the Lambs” was a low-budget sleeper hit that gained widespread critical acclaim and box office success. The film has had a lasting impact on Hollywood.
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Disney Said Covid-Related Costs Shaved $2.6 Billion From Parks' Operating Income in Latest Quarter
Disney said the coronavirus outbreak cost this division around $2.6 billion in lost operating income during the fiscal first-quarter.