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Tracksmith: Taking DTC Running From Heartbreak Hill To The Global Market

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Boston is home to the world’s “statement race” — the Boston Marathon. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world.

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

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These are the top stories in retail for Tuesday (Nov. 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.”.

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The Buyers: Omnichannel Customer’s Impact On Retailers

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No longer are retailers working with marketers to figure out a way to mass market products and services. With the advent of connected devices in the palm of almost every consumer’s hand, the retail ecosystem has certainly seen a shift.

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Retail Pulse: Stop & Shop To Deploy Autonomous Vehicles; Chico’s FAS Plans To Close 250 Stores

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Grocers are using autonomous vehicles to help bring fresh food to the doorsteps of consumers, and news came this week that another retailer plans to use the technology: Approximately one month after Kroger announced that it had started to use autonomous vehicles in Arizona, Stop & Shop is intending to use them in the Bay State.

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Instacart Raises $271M On $7.8B Valuation

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hedge fund Tiger Global Management and existing investors Coatue Management and Valiant Capital. The funding round was led by hedge fund D1 Capital Partners, and came only six months after the startup closed on a $350 million round of investing. A source told Reuters that the additional funding comes from investors, including U.S.

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David’s Bridal Avoids Bankruptcy With Debt Deal

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Sources told Bloomberg that the retailer had discussions with lenders and equity holders from its previous bankruptcy filing, including Oaktree Capital Group, with some investors agreeing to rework about $280 million of debt and to provide $55 million of new money to keep the company in business.

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

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Retailers, in particular, are wary of adopting 2FA because of the frictions the method can present, and their fears are not without merit. More than two-thirds of marketers are still failing to capitalize on this outreach method, however, spotlighting a massive missed opportunity.

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