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Tag: reportedly

Macy’s reportedly looks to use real estate for cash

A do not walk sign stands in front of a closed Macy’s Inc. store in Arlington, Virginia, U.S., on Tuesday, March 31, 2020. Andrew Harrer | Bloomberg | Getty Images Macy’s is looking for ways to use its real estate during the coronavirus pandemic to come up with cash, according to a Bloomberg report.  The department …

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Walmart Reportedly Halts Asda Sale Amid COVID-19 Grocery Surge

Walmart is pausing the sale process of Asda so that the UK-based grocer can focus on managing the surge in grocery orders driven by the coronavirus (COVID-19) pandemic, according to a report from CNBC. The halt of the long-anticipated sale highlights the unprecedented landscape in which grocery stores are operating, with shoppers buying in bulk …

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Walmart reportedly names new COO of e-commerce

Dive Brief: Walmart has promoted a Sam’s Club executive to be its new COO for U.S. e-commerce, according to reports in Bloomberg and CNBC. Walmart did not immediately respond to Retail Dive’s request for comment. Taking on the role is Jamie Iannone, current CEO of SamsClub.com and executive vice president of membership and technology. Iannone came to …

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Pizza Hut’s largest US franchisee reportedly weighs options, including bankruptcy

A customer enters a Pizza Hut restaurant in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Pizza Hut’s largest U.S. franchisee is weighing restructuring options, including bankrutpcy, Bloomberg reported Wednesday. NPC International, which has about $1 billion in debt, operates nearly 400 Wendy’s restaurants and more than 1,200 Pizza Huts. People familiar with the …

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Casper reportedly prices IPO at $12 a share

Samurai Messenger Service prepares to deliver a packaged mattress from the bed delivery company Casper in New York. Yana Paskova | The Washington Post | Getty Images Casper on Wednesday evening priced its initial public offering at $12 per share. At this price, the company would have a market value of $476 million, excluding the …

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Legendary retailer Les Wexner reportedly in talks to step aside

The founder and chief executive of L Brands — the longest-serving CEO of an S&P 500 company — may be stepping down from his post — and selling Victoria’s Secret. Lex Wexner, a pioneer of mall-based specialty store retailing, is in discussions to step down as CEO of L Brands, parent company of Victoria’s Secret …

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Macy’s reportedly to open a new kind of store in Texas

People walk past Macy’s flagship store in Herald Square in New York City. Getty Images Macy’s is reportedly about to open a new kind of store, which could be a test with a larger rollout to come. The department store chain is opening a new space in Southlake, Texas, with a focus on selling apothecary …

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Legendary retailer Les Wexner reportedly in talks to step aside

The founder and chief executive of L Brands — the longest-serving CEO of an S&P 500 company — may be stepping down from his post — and selling Victoria’s Secret. Lex Wexner, a pioneer of mall-based specialty store retailing, is in discussions to step down as CEO of L Brands, parent company of Victoria’s Secret …

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Amazon reportedly exploring hand-recognition technology

Get great content like this right in your inbox. Subscribe In the not-too-distant future, shoppers at Amazon Go stores may be able to use just a wave of their hands for cashless payments.  The US Patent and Trademark Office published a patent application from Amazon on Thursday for a touchless scanning system that would identify …

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Walmart’s Jet unit reportedly ending fresh-food delivery

Get great content like this right in your inbox. Subscribe That didn’t take very long. Walmart’s Jet subsidiary is ending its fresh-food delivery business in New York City about a year after it launched the service, reported Business Insider. The news was first reported by Bloomberg. The service will, however, continue to deliver dry grocery …

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