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Canada Goose Outerwear Company Is Flying High

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a premium outerwear brand known for its goose-down jackets with fur-trimmed hoods, has announced that it plans to open three more retail locations in the fall: in Boston, Calgary and Tokyo. Instead, the company’s comprehensive losses slimmed from 14 cents per share in the previous year to 11 cents per share in the most recent quarter.

Company 101
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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.”. SA Company Takes The COVID Pivot Outside — Literally.

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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

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ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. ShipMonk’s customer base has doubled over the past 12 months, and today the company serves more than 1,000 eCommerce businesses,” according to a press release.

Boston 167
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Mobile Order-Ahead Sector Goes All-In On AI

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The surge of digital orders carried a toxic tide of fraud, and many companies turned to supervised machine learning to deal with it. Advanced AI means reducing chargebacks, saving inventory, maintaining brand loyalty and spending more time managing the lunch rush than worrying about fraud.”. Catering to Individual Tastes at Scale.

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The Restaurant Group To Slash 125 UK Locations

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According to the Financial Times , The Restaurant Group will use a “company voluntary arrangement” — which allows businesses to renegotiate debts with creditors. All told, the company said it has identified 210 underperforming stores, based on poor “lease terms” or that they are unlikely to make a profit.

Groups 131
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Car Marketplace CarGurus Has Acquired Autolist

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CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. CarGurus is a successful company that went public in 2017, and it’s going to keep Autolist as its own brand and website. The company will test new products and initiatives, however.

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Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

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As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. Under the terms of the deal, Aurify Brands would allow at least 35 of its U.S.

Florida 131