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Day: February 9, 2020

Rite Aid names new head of retail operations

Industry veteran Andre Persaud is assuming the role of executive VP, retail at Rite Aid Corp. In his new position, Persaud will lead the retail operations for more than 2,400 Rite Aid stores. His responsibilities will include inventory and supply chain management, field team management, store operations, asset protection and facility maintenance, and repairs. His …

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Amazon electric delivery vans focus on driver safety, convenience

Amazon is designing its upcoming fleet of electric vehicles to streamline delivery while eliminating emissions. In September 2019, Amazon initially announced that as part of its commitment to reducing carbon, it would order 100,000 electric delivery vehicles from sustainable vehicle manufacturer Rivian. This $440 million investment represents what Amazon says is the largest order ever …

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PREIT reports 22% holiday traffic increases at two renovated malls

Get great content like this right in your inbox. Subscribe Plymouth Meeting Mall is not far from Simon’s powerhouse property in King of Prussia, Pa. PREIT, one of a number of traditional mall owners engaged in major renovations, reaped outstanding results from its efforts at re-done centers over the holidays. Plymouth Meeting Mall in the …

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Amazon invests $15 billion in tech, support for third-party sellers

Get great content like this right in your inbox. Subscribe 2019 was a record-breaking year for third-party sales at Amazon. The e-tailer launched more than 225 tools and services in 2019 to help third-party sellers, which it says are mostly small- and medium-sized businesses (SMBs). These tools and services were part of a more than …

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Tiffany-LVMH deal clears two important hurdles

Get great content like this right in your inbox. Subscribe The tentative $16.2 billion purchase of Tiffany & Company is closer to reality. Tiffany stockholders have voted to approve adoption of the purchase agreement and plan of merger with France’s LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury goods company. The November 2019 transaction, …

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