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Milkrun seeks investment as a perfect economic storm hits instant delivery

Inside Retail

That reticence was backdropped by significant operating costs at Milkrun, which eschews the independent contractor model and uses employees to deliver groceries. At the same time, the return of in-person shopping after Covid-19 restrictions bit into the sector’s lockdown-era market share. “The

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Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million

Retail TouchPoints

What the Future Holds for ContextLogic Without the drag of Wish on its balance sheet, ContextLogic will have limited operating expenses and will be debt-free. billion of Net Operating Loss (NOL) carryforwards, as well as look for a “financial sponsor” to help the company realize the value of its tax assets.

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Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success

Retail TouchPoints

at its flagship banner and up 5.8% at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time. at its flagship banner and up 5.8% Beauty sales were a bright point at both businesses. during Q4, but they were up 0.6%

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It’s Not Really Free Delivery!

Hyken

How often are we told a company offers free delivery, free returns, free refills on soda … you get the idea. As an example, if I order a soda at a restaurant, I like the idea of refills. Learn more about Shep’s customer service and customer experience keynote speeches and his customer service training workshops at www.Hyken.com.

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Making Infrastructure Ready for the Future of Work

Cisco Retail

Organizations have been rapidly adopting new digital and cloud capabilities and are now faced with determining what types of technology investments they need as their workforce begins to return to the office. As they invest in new technologies, CIOs must determine how to pay, consider return on investments and their budget.

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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

The initial stock-up period at the beginning of the pandemic tapered off in April as customers sheltered in place. The company entered 2020 with $850 million in cash reserves, and has plans to save $500 million in operating expenses, capital expenditures and working capital during fiscal 2020. Costco posted a 7.3%

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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. Here’s a look at some of those initiatives and where Wish is focusing next: 1.