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Designer Brands Reports 44.7 Pct Drop In Net Sales Amid Pandemic

PYMNTS

Designer Brands Inc. reported that net sales plunged by 44.7 Designer Brands Chief Executive Officer Roger Rawlins said in the announcement, “As we said last quarter, the effect of COVID-19 on our industry has been unprecedented and has created many significant near-term challenges. percent to $482.8

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Report: Instacart Is Mulling IPO

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Representatives of grocery-delivery powerhouse Instacart have met with investment bankers to explore taking the company public, the Financial Times (FT) reported. 8) that it had received $200 million in new capital from existing investors Valiant Peregrine Fund and D1 Capital Partners, boosting Instacart's valuation to $17.7

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NEW DATA: The Six Reasons Why More Consumers Are Buying Directly From Brands

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The use of online direct-to-consumer (D2C) channels to purchase consumer-packaged goods (CPG) has grown by 50.1 percent since the pandemic began, surpassing the growth of online marketplace use in key product categories like food and clothing. These shifts are reflected in consumers’ growing tendency to try new brands.

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Capital One Offers Free Business Credit Reports

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Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers. businesses to check their credit profiles.

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Report: 'K-Shaped' Recovery Divides Corporates, SMBs

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The biggest brands in the U.S. think Amazon , Starbucks , McDonald's and Walmart — are expected to get even bigger post-pandemic, while small- to medium-sized businesses (SMBs) fight for survival, the Financial Times (FT) reported Tuesday (Dec. A record $2.5

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Capital One To Focus On Digital, Close 37 Locations

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Capital One is going to increase its focus on digitization and close 37 branches around the U.S., according to a report by Yahoo Finance. Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad. “Our Net income CAGR was 8.2 percent throughout the same time period.

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Amazon Launches Online Pharmacy In Bengaluru, India

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Amazon India has added an online pharmacy to its offerings in Bengaluru, one of the nation’s largest cities with a population of nearly 12 million. an Amazon spokesperson has said in published reports. Reuters reports this is the latest initiative by the eCommerce giant to broaden its reach in a key growth market.

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