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Merchants Push for New Laws to Combat Organized Retail Theft
Merchants Push for New Laws to Combat Organized Retail Theft
August 11, 2023  |  Retail

Retailers and trade associations across the country are pushing for state and federal laws to impose harsher penalties for those engaging in organized retail crime....

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Tech Startups Close or Downsize as Funding Declines by 49%
Tech Startups Close or Downsize as Funding Declines by 49%
August 11, 2023  |  Startups

The startup world is facing a historic slump with a venture funding drought threatening hundreds of previously funded businesses. Investors have sharply cut back on funding for...

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Starling Bank to Expand into Asia-Pacific
Starling Bank to Expand into Asia-Pacific
August 11, 2023  |  Digital Banking

Starling Bank plans to make its first expansion outside of Europe, moving into the Asia-Pacific (APAC) region. The British neobank has been in talks with an...

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MercadoLibre Announces CFO Transition Amid ‘New Phase of Growth’
MercadoLibre Announces CFO Transition Amid ‘New Phase of Growth’
August 11, 2023  |  Personnel

MercadoLibre has appointed a senior vice president, Martín de los Santos, as its new chief financial officer (CFO). He succeeds Pedro Arnt, who left to pursue new opportunities...

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Amazon Aims to Reduce Packaging Waste
Amazon Aims to Reduce Packaging Waste
August 11, 2023  |  Amazon

Amazon is working toward reducing its use of packaging and now has millions of orders arriving to customers with no extra box. The retail giant has...

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Krispy Kreme Reports Q2 2023 Earnings and Expands Omnichannel Strategy
Krispy Kreme Reports Q2 2023 Earnings and Expands Omnichannel Strategy
August 11, 2023  |  Earnings

Krispy Kreme announced second-quarter results Thursday (Aug. 10) that showed a 9% hike in year-over-year (YoY) net revenue, bolstered by eCommerce and delivery strategies. Net...

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Alibaba’s Sales Up 14%, Pushed by International Sales
Alibaba’s Sales Up 14%, Pushed by International Sales
August 10, 2023  |  Earnings

Chinese eCommerce giant Alibaba on Thursday (Aug. 10) posted a quarterly sales growth of 14% from the previous year, as its online shopping app Taobao...

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X Promises Robust Brand-Safety Tools for Advertisers
X Promises Robust Brand-Safety Tools for Advertisers
August 10, 2023  |  Social Commerce

X, the social media platform formerly known as Twitter, will continue rolling out brand-safety tools for advertisers. The platform is committed to free expression while...

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Uber-Supported Serve Robotics Raises $30 Million for AI Robotic Delivery
Uber-Supported Serve Robotics Raises $30 Million for AI Robotic Delivery
August 10, 2023  |  artificial intelligence

Serve Robotics has completed a go-public transaction and raised $30 million in financing to support scaling its artificial intelligence (AI) powered robotic delivery experience. This...

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