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Your Daily Inspiration For February 8 |
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January Retail Sales Stimulated by the Stimulus, Mastercard Reports |
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Looks like Americans are still shopping like it’s the holiday season, with sales soaring 9.2% year over year for the month. |
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It’s Baaack. Why NRF Is Concerned About the Reintroduced PRO Act |
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Trade group says proposed legislation “puts the interests of labor organizers and powerful unions before the rights of employees and employers.” |
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That’s the percentage of Amazon third-party sellers who say they are looking to diversify their e-commerce strategies in 2021. In fact, the same 39% said they are also considering selling on Walmart.com this year. (Jungle Scout) |
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"Our fourth quarter performance exceeded our expectations across all key metrics with sales strengthening as we moved through the period. Digital sales growth remained strong, up more than 20%, and accounted for more than 40% of net sales, with our stores playing a critical role in supporting the heightened demand." |
— Michelle Gass, Kohl’s CEO, on the department store chain’s projected fourth quarter earnings, which are expected to exceed company expectations with significant improvement from the third quarter. Kohl’s expects a fourth quarter revenue decline of about 10% and a comparable sales decrease of 11% when compared to 2019’s fourth quarter. |
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Tom McGee (right), CEO of the International Council of Shopping Centers, tells Yahoo Finance that he believes the majority of retailers are optimistic about the future. But he says many of the accelerated changes that have taken place during the pandemic will continue.
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