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Stitch Fix Earnings Show Uneasy Optimism For Online Apparel Industry

Stitch Fix Earnings Show Uneasy Optimism For Online Apparel Industry
Stitch Fix Earnings Show Uneasy Optimism For Online Apparel Industry
March 16, 2021  |  Retail

Not every earnings report can be a winner, a reality confronted by Stich Fix last week when increased costs and slowing customer growth depressed its quarterly...

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Stor.ai Raises $21 Million As Investors Flock To Online Grocery
Stor.ai Raises $21 Million As Investors Flock To Online Grocery
March 16, 2021  |  Investments

Tel Aviv-based grocery tech solution Stor.ai (formerly Self Point) has just raised $21 million in its most recent funding round, which it will use to...

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China Deletes Alibaba Browser From App Stores Amid Tech Crackdown
China Deletes Alibaba Browser From App Stores Amid Tech Crackdown
March 16, 2021  |  International

Alibaba’s UC Browser was pulled from app stores in China as President Xi Jinping warned that Beijing’s tech crackdown was only going to intensify, the...

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NatWest Violated Money Laundering Rules, FCA Says
NatWest Violated Money Laundering Rules, FCA Says
March 16, 2021  |  Banking

The United Kingdom’s Financial Conduct Authority (FCA) announced Tuesday (March 16) it had commenced criminal proceedings against National Westminster Bank Plc (NatWest) for violation of...

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London FinTech SumUp Notches $893 Million For Expansion
London FinTech SumUp Notches $893 Million For Expansion
March 16, 2021  |  Investments

London FinTech SumUp has raised a 750 million euro (roughly $893 million) facility from existing backers Goldman Sachs and Bain Capital Credit, and new investors Temasek,...

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Investment Platform eToro Plans To Go Public, Expects $10.4 Billion Valuation
Investment Platform eToro Plans To Go Public, Expects $10.4 Billion Valuation
March 16, 2021  |  IPO

Online multi-asset investment platform eToro is set to go public through a blank-check company. In a press release, eToro said that it expects a valuation...

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February Retail Sales Drop 3 Pct After January’s Stimulus Spending Dried Up
February Retail Sales Drop 3 Pct After January’s Stimulus Spending Dried Up
March 16, 2021  |  Retail

Retail sales, the nation’s broadest measure of consumer activity, fell 3 percent last month, contracting far more than economists were expecting while marking a stark...

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eCommerce’s Trillion-Dollar Year Is (Easily) In Sight 
eCommerce’s Trillion-Dollar Year Is (Easily) In Sight 
March 16, 2021  |  eCommerce

A trillion dollars is a lot of money, by any stretch of the imagination. Now it’s a bit of a benchmark, perhaps a psychological one....

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Walmart Looks To Spruce Up Clothing Sales; Hires Designer Brandon Maxwell
Walmart Looks To Spruce Up Clothing Sales; Hires Designer Brandon Maxwell
March 16, 2021  |  Retail

The world’s largest retailer has brought on A-list celebrity designer Brandon Maxwell to bring life — and sales — into two of its private-label brands,...

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