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“#Toys ‘R’ Us closes last two US stores as comeback falters” Geoffrey the giraffe is homeless — again. Toys R Us has closed its only two US stores as the pandemic continues to rock retailers. It still has an online presence — selling through Amazon — and a smattering of stores in Asia, Europe and…
“#Tiffany’s lineup set for a major overhaul under LVMH” French luxury goods group LVMH plans to overhaul Tiffany & Co.’s vast merchandise lineup to increase the focus on gold and precious gems and take its silver bangles upmarket after closing the $15.8 billion takeover of the US jeweler this month. Six sources, including two people…
“#Goya Foods votes to silence pro-Trump CEO Robert Unanue” Goya Foods has voted to silence its pro-Trump CEO Robert Unanue following his recent television appearances questioning the results of the presidential election, The Post has learned. The Hispanic foods giant on Friday agreed to censure Unanue, 67, for controversial remarks in the wake of the…
“#GameStop shares soar on holiday sales, new board members” GameStop’s stock is on a multi-day winning streak. After surging 58 percent to close at $31.45 on Wednesday, shares of the video-game retailer are up by more than 8 percent in early trading on Thursday after the company reported strong holiday sales and added three activist…
“#Former Sears stores turned into COVID-19 vaccine sites” Out with the lawn mowers, in with the needles. Health officials have turned closed Sears stores into coronavirus vaccine centers as they work to inoculate the American public, a new report says. Public health agencies and health-care groups are using the retailer’s empty stores to dole out…
“#Instacart hires Goldman Sachs’ Nick Giovanni as new CFO” Instacart said on Thursday it had hired Goldman Sachs banker Nick Giovanni as its new chief financial officer, as the grocery delivery app gears up for a potential initial public offering. Giovanni, who was at Goldman Sachs for more than 20 years and most recently was head…
“#Amazon is actually a hero for the American worker” It’s been a terrible year for the American worker, with a notable bright spot courtesy of one of the tech firms in the crosshairs of regulators and lawmakers. If someone had said early in 2020, “A company is going to hire hundreds of thousands of non-college-educated…
“#Heinz swag for babies conceived in lockdown goes out of stock” Heinz launched an interesting clothing and accessory line for babies who were conceived at the beginning of the coronavirus lockdown, and Canadian parents seem to absolutely love it. The limited-edition swag includes baby onesies and bibs, and has been branded as the “Lockdown Lovebaby Collection” by the food giant’s baby…
“#Barnes & Noble Education shares spike on investment from Fanatics, Lids” Barnes & Noble Education, which operates 775 bookstores at college campuses nationwide, scored a $15 million investment to improve its e-commerce operations as the pandemic drives more students and alumni to purchase merchandise online. Licensed sports gear retailer Lids and online giant Fanatics —…
“#We need to save Manhattan retail to protect jobs for New Yorkers” More from: Before COVID-19, employment in New York was at a record high, with nearly 4.1 million private-economy jobs. And one of the biggest engines of growth was a career opportunity that has existed since Roman times: the supposedly humble job in a…