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“#’The Queen’s Gambit’ causes chess set sales to surge” Sales of chess sets reportedly have exploded thanks to the hit Netflix show “The Queen’s Gambit,” a series that depicts the rise of a young female prodigy in the 1950s. Toronto-based toy merchant Spin Master, whose classic games division owns about 70 percent of the US…
“#NY apparel exec fired after raising alarms over PPE price gouging: suit” The boss of a New York apparel company that’s backed by several current and former NFL players axed an executive after she raised alarms over his plans to sell PPE gear at inflated prices during the COVID-19 pandemic, an explosive new lawsuit claims….
“# Japan’s megabanks to lead experiment with digital yen ” Japan’s three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen. The group consists of banks, various Japanese brokerages, utilities and telecoms firms and retailers, according to a Reuters report published…
“# How DeFi can improve the e-commerce sector ” Decentralized finance and shopping seem like an unusual combination at first. How can liquidity pools help you save money at the till? But scratch a little deeper and some compelling use cases for DeFi emerge. With the retail sector suffering through one of the most challenging…
“#US retail sales hit a wall amid coronavirus surge” The recovery in US retail sales slowed last month as consumers confronted a surge in coronavirus infections and a lack of government aid to see them through the pandemic. Retailers’ total sales rose just 0.3 percent to about $553 billion in October following September’s 1.6 percent…
“#Costco will require all shoppers to cover faces, ending exemption” Costco will soon require all shoppers to cover their faces in its stores — even those who say they can’t wear masks for medical reasons. The wholesale chain says anyone with a medical condition that prevents them from wearing a standard face mask will have…
“#Chinese consumers spend over $100B during shopping festival” Chinese consumers spent over $100 billion during this year’s Singles’ Day shopping festival, signaling a rebound in consumption as China recovers from the coronavirus pandemic and a battering of the economy. From Nov. 1 to Nov. 11, shoppers spent 498.2 billion yuan ($75.1 billion) on Taobao and…
“#Ulta Beauty is bringing mini shops to Target stores in 2021” Shopping at Target is going to get a lot more glamorous in 2021. The world’s favorite red-bullseye superstore just announced it is partnering with retailer Ulta Beauty and will be opening hundreds of Ulta counters inside of Target stores nationwide. Target’s CEO Brian Cornell…
“#Media still in denial and other commentary” Libertarian: Media Still in Denial After 2016, “a healthy media might have learned from its mistakes, engaged in soul-searching and tried to gain some insights into the working-class coalition that Trump had assembled,” but instead, this year they touted polls that were no more accurate, sighs Reason’s Robby…
“#Coty posts surprise profit as demand for beauty products recovers” Coty posted a surprise quarterly profit on Friday as demand for its beauty products and fragrances recovered from lockdown lows and the cosmetics maker kept a tight lid on costs, sending its shares 17 percent higher in premarket trading. Cosmetics makers’ sales have improved in…