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Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic

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Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”. percent in Q3 2019. Those repeat shoppers made 11.3

Company 131
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COVID-19 Triggers Closure Of GM’s Car-Sharing Platform, Maven

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Early in 2019, the head of Maven left her post. Halfway through the year, the company began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City. GM said the decision came down to an evaluation of how the service was doing.

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With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?

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Wynn Resorts runs the Encore and Wynn properties on the Strip as well as properties in Macau and the Encore Boston Harbor. However, consumers are reportedly turning to online casinos and sportsbooks, as the pandemic has closed brick-and-mortar casinos in markets such as the United States to minimize risk. reaching a value of $102.9

Online 210
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Paytronix Picks Payments Industry Veteran Porter For Board

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“I look forward to working with the Paytronix team to bring its industry-leading innovation, including contactless ordering for table service … to markets around the globe,” said Porter. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130
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CVS Eyes Concept Stores Amid Planned Aetna Deal

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The health retailer is looking to open concept stores in the beginning of 2019, CNBC reported. The news comes as CVS is testing a program in Boston in which customers get free delivery on prescriptions and online purchases, among other perks.

Boston 118
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Starbucks Hits 16.3M Mobile Users, Eyes Expanded Delivery

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There were areas of investor concern, though, particularly the slowing growth in the Chinese market. Johnson noted that one of Starbucks’ 2019 goals is to draw more consumers into its loyalty program, and into using the Starbucks app. Starbucks is predicting same-store sales of between 3 percent and 4 percent globally in 2019.

Mobile 162
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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

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In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market.

Payments 244