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Tag: targets

Multiple analysts hike Amazon targets, saying it gained lots of new customers during the pandemic

Jeff Bezos, founder and CEO of Amazon, smiles as he speaks during the Economic Club of Washington’s Milestone Celebration event in Washington, DC, on September 13, 2018. Saul Loeb | AFP | Getty Images (This story is for CNBC Pro subscribers only).  Two Wall Street shops hiked their price targets for Amazon on Friday, saying …

Multiple analysts hike Amazon targets, saying it gained lots of new customers during the pandemicRead More

PepsiCo targets online snacks growth in China with definitive agreement to acquire Be & Cheery

PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire Hangzhou Haomusi Food Co., Ltd., one of the largest online snacks companies in China, from Haoxiangni Health Food Co., Ltd. for US $705 million. PepsiCo has been operating in China for nearly 40 years and this transaction marks an important step in …

PepsiCo targets online snacks growth in China with definitive agreement to acquire Be & CheeryRead More

DHS report targets online counterfeit sales on Amazon, e-commerce

Amazon.com founder and CEO Jeff Bezos. Getty Images The Trump administration is cracking down on the sale of counterfeits online from platforms like Amazon, according to a new report released Friday by the Department of Homeland Security. Law enforcement officials will immediately start to identify cases where counterfeit goods are being sold online, according to …

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RSS economic wing targets Amitabh Kant, Retail News, ET Retail

New Delhi, Ashwani Mahajan, the face of RSS’s economic wing Swadeshi Jagran Manch (SJM), on Thursday lashed out at Niti Aayog CEO Amitabh Kant, accusing him of being sympathetic towards e-commerce giant Amazon and its owner and global CEO Jeff Bezos, who is on a three-day visit to India. After Kant tweeted an article, claiming, …

RSS economic wing targets Amitabh Kant, Retail News, ET RetailRead More

CNN names Target’s Cornell CEO of the Year

Get great content like this right in your inbox. Subscribe Brian Cornell Brian Cornell of Target beat out CEOs from Chipotle and Advanced Micro Devices for a top honor from CNN Business. In naming Cornell CEO of the Year, the cable news giant cited Target’s quarterly performance consistently outperforming Wall Street expectations during 2019 so …

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KFC targets drivers with new China stores

Chinese KFC customers can now fill their bellies and their gas tanks in one trip. Yum China Holdings Inc., which holds exclusive rights in mainland China to KFC, has opened its first franchised KFC gas station restaurants. The new stores were opened in collaboration with China Petrochemical Corporation (Sinopec) and China National Petroleum Corporation (CNPC). …

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Labour won’t win economic credibility by attacking easy targets | Nils Pratley | Business

It’s the knockabout stage of the general election campaign, so there’s no real harm in the leader of the Labour party summoning a few business villains for the crowd to boo. But let’s hope the manifesto will offer a more nuanced analysis of business in the UK. If business, in all its variety, ends up …

Labour won’t win economic credibility by attacking easy targets | Nils Pratley | BusinessRead More

Amazon targets new state for robotics facility

Get great content like this right in your inbox. Subscribe Amazon is opening its first fulfillment center in Idaho. The e-tail titan is building a 650,000-sq.-ft. fulfillment center in Nampa, Idaho. Amazon will fulfill customer orders such as books, electronics and toys from the facility, which will feature robotic technology. The company expects to create …

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Bed Bath & Beyond names Target’s chief merchant as CEO

Bed Bath & Beyond has ended its search for a new chief executive officer, appointing a 30-year, well-respected retail veteran to the position. The struggling home goods retailer named Mark J. Tritton as president and CEO and as a member of its board, effective November 4, 2019. He succeeds interim CEO Mary A. Winston. Tritton …

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Best Buy sets $50 billion revenue goal by 2025, targets $1 billion in cost cuts

Get great content like this right in your inbox. Subscribe Best Buy Co. is bullish on its future. The consumer electronics is targeting revenue of $50 billion by fiscal 2025, the company stated in a release ahead of its investors meeting on Wednesday. Best Buy also said it plans $1 billion of additional cost reductions …

Best Buy sets $50 billion revenue goal by 2025, targets $1 billion in cost cutsRead More