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Tag: eBay Inc

Nike’s stock is at record levels and has room to run

Nike‘s stock notched a record high on Friday, and it can go higher still, UBS analyst Jay Sole told CNBC on Friday. Shares of the Beaverton, Oregon-based company hit $101.40 intraday Friday, boosted by quarterly earnings and sales released after the bell Thursday that beat analysts’ expectations. It closed Friday down 1.1% at $99.96 but …

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Inside Home Depot’s efforts to stop a growing theft problem

Imagine loading up a cart full of merchandise at a store, and just walking out the door in broad daylight as store employees watch you do it. It’s known as organized retail crime, and it’s a growing trouble for the nation’s retailers. Instead of stealing for personal use, these criminals are part of a larger …

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Nike won’t sell directly to Amazon anymore

Valentyn Ogirenko | Reuters Nike will stop selling merchandise directly to Amazon, as part of its push to sell more directly to consumers, the company confirmed to CNBC. The abrupt halt will end a pilot test that Nike and Amazon launched together in 2017. At the time, Nike agreed to sell a limited product assortment …

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Shares of Shopify drop on surprise loss, but Cramer says you’ll regret selling

Shares of Canadian e-commerce company Shopify dropped after reporting a surprise loss on earnings. The stock slipped 3.8% on Tuesday after Shopify posted an earnings loss of 25 cents in the third quarter, missing analysts’ estimates of 11 cents gain, according to FactSet. However, CNBC’s Jim Cramer said investors will regret selling Shopify as the …

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Nike CEO Mark Parker to step down, ex-eBay John Donahoe to replace him in 2020

Nike said Tuesday afternoon its longtime CEO Mark Parker is stepping down, effective January of next year. In a sign of the company’s focus on digital, he will be replaced by John Donahoe, a Nike board member and the CEO of ServiceNow. Donahoe was formerly the CEO of eBay and is chairman of the board …

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Going public is ‘certainly our objective as a company’

If StockX has plans to hold an IPO, it now has a person at the helm with experience in pubic markets. StockX, the Detroit-based e-commerce marketplace that started out as an exchange for limited-edition sneakers, in June brought on eBay alum Scott Cutler to lead the privately held company as CEO. In the same month, …

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