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Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million

Retail TouchPoints

After years of decline, ContextLogic has sold its discount shopping app Wish for approximately $173 million in cash to Qoo10 , an ecommerce platform that operates localized online marketplaces throughout Asia. Qoo10 is headquartered in Singapore and operates marketplaces in Singapore, Indonesia, Malaysia, mainland China and Hong Kong.

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OIG Says SBA Management of EIDL Program Had Contracting Flaws

Small Biz Trends

Here’s where the SBA erred, according to the OIG report: The contractor awarded the EIDL contract in 2018, RER, met the contract-required small business size standard (no more than $15 million in annual revenue) but its subcontractor (Rocket Loans) did not. In 2018, the SBA solicited proposals to help process EIDL loans promptly.

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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

And Wish, which held that top spot back in 2018, has now dropped out of the top 50 completely after having fallen to #35 as of last March. There are other troublesome indicators for the company: Q2 saw declines across the board at Wish. followed by former #1 Shein , now bumped down to the #2 position. (It

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Is Price Matching the Right Strategy for You?

Wiser

For example, you price your products competitively, but at a price point that provides you with a large enough margin to make a profit, cover operating expenses, and so on. This post was originally published in November 2018 and has since been updated and refreshed for readability and accuracy. That’s not a great scenario.

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Ancora Holdings Calls for New Kohl’s CEO and Chairperson Following Rejected Acquisition Offers

Retail TouchPoints

Unfortunately, the facts indicate Kohl’s lacks the right leadership for the exceedingly challenging period ahead — one that will require the Company to reverse high-single-digit sales declines, contain capital expenditures and operating expenses, and immediately optimize fulfillment, marketing and merchandising.”. The fact is that Ms.

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Risky Business: Latest Benchmarks Show How Financial Industry Can Harness NVIDIA DGX Platform to Better Manage Market Uncertainty

Nvidia

Efficiency for Reduced Operating Expenses. Big banks, hedge funds and risk managers across financial institutions stand to benefit from not only data throughput advances but also improved operational efficiencies. The latest DGX A100 system with 640GB of GPU memory 5 offers lower operating expenses: 2.6x

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Jason & Scot Show Episode 299 – Thanksgiving Week 2022 with Rob Garf of Salesforce

Retail Geek

Retail in totality and the fact that a vast majority of sales still happen in the physical store right and we’re seeing that traffic. 28:37] Also online sales were strong but I also to your point want to temper that by if somebody or a retailer was reading this in almost any country in Europe.