India Regulators Investigate Zomato-Uber Eats Deal
India Regulators Investigate Zomato-Uber Eats Deal
May 22, 2020  |  Partnerships / Acquisitions

Zomato, an India-based food delivery startup, is reportedly being investigated by regulators for its purchase of Uber Eats India, which could be seen as violating...

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Alibaba’s GMV Tops $1T As Mobile Orders Surge
Alibaba’s GMV Tops $1T As Mobile Orders Surge
May 22, 2020  |  Earnings

Alibaba Group Holding Co. reported results on Friday (May 22) that showed continued pivots to online commerce and mobile shopping, amid lockdowns that have shuttered...

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Survey: Three Quarters Of Dubai SMBs May Shutter By October
Survey: Three Quarters Of Dubai SMBs May Shutter By October
May 22, 2020  |  Economy

In what could be among the most devastating economic impacts of COVID-19 overseas, a survey revealed 75 percent of Dubai businesses said they expect to close within the...

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NRF Cautions On Treasure Hunt Shopping
NRF Cautions On Treasure Hunt Shopping
May 22, 2020  |  Retail

The reopening of retail is bound to portend changes for businesses as well as consumers. The National Retail Federation (NRF) and other groups have released...

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Ex-Stitch Fix COO Says Yes To AI-Powered Fashion
Ex-Stitch Fix COO Says Yes To AI-Powered Fashion
May 22, 2020  |  Retail

Former Stitch Fix COO Julie Bornstein is behind a new startup announced earlier this week called The Yes. Launched with ex-Google technical guru Amit Aggarwal, the women’s...

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Philly Consortium Advances ‘Regenerator’ Concept For SMBs
Philly Consortium Advances ‘Regenerator’ Concept For SMBs
May 22, 2020  |  Retail

The data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30...

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Bright Spots In Retail Earnings And Cosmetics Sales
Bright Spots In Retail Earnings And Cosmetics Sales
May 22, 2020  |  Today In Data

TJX reported earnings that showed a fast uptick for store opening traffic after having closed all of its retail locations globally in March, without an eCommerce shopping capability. And cosmetics is...

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Caesars To Resume Gaming, Hospitality Operations In Vegas
Caesars To Resume Gaming, Hospitality Operations In Vegas
May 22, 2020  |  Retail

As it gears up to reopen in Las Vegas, Caesars Entertainment Corporation said it would resume its gaming and hospitality functions at Flamingo Las Vegas...

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Ross Stores Begins Reopening After Reporting Sales Drop
Ross Stores Begins Reopening After Reporting Sales Drop
May 22, 2020  |  Retail

Amid the ongoing spread of the pandemic throughout the country, Ross Stores, Inc. reported total Q1 sales of $1.8 billion compared to $3.8 billion in the...

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