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Walmart Launches 'Modern Fashion Brand'

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The retailer is following in the footsteps of Amazon , which first took aim at the fashion industry in 2016. Taking things even further this month, Amazon brought out its new Luxury Stores after building up its apparel business over the past four years. billion in clothing and apparel sales, but more than doubled that amount to $48.3

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Amazon May Double Whole Foods’ Customer Base Through Prime

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With new Prime incentives, one tech analyst believes that Amazon could double the customer base of Whole Foods. Amazon] could double, theoretically, Whole Foods overall customer base over a 5 to 10 year period just by giving financial incentives to Prime customers,” Mahaney told CNBC. CNBC reported.

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Amazon In The Running To Buy Landmark Theaters

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Amazon has set its sights on the movie theater market, with reports that it is among the bidders to purchase Landmark Theaters. Bloomberg , citing people familiar with the situation, reported that Amazon is going up against other suitors to purchase the movie theater chain from Wagner/Cuban Cos. to help with a potential sale.

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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining

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CriticalPoint Capital, a Los Angeles merger and acquisition advisory and investment bank, will acquire the shoe website while the lingerie platform will be purchased by Delta Galil Industries, an Israeli manufacturer and marketer of branded and private label apparel products for men, women and children.

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eCommerce Grocer Weee Notches Almost $50M In Funding

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Lightspeed Ventures, iFly.vc, Silicon Valley Bank and Goodwater Capital were participants in the investment, Deal Street Asia reported. The new funding will assist the startup in speeding up team building, supply chain optimizations and market growth. Bigbasket competes against Amazon and Flipkart in the Indian eCommerce market.

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Amazon Eyes Food Delivery Service In London

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Amazon has already dominated the online shopping and clothing markets, and now, it is setting its sights on the food delivery industry, something that startups, including Uber, have been eyeing. Amazon partnered with local restaurants to bring the service, mainly to city dwellers. If it launches in the U.K.’s

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Alto Pharmacy Lands $50M In Fresh Round Of Funding

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Citing Alto Pharmacy, TechCrunch reported that Greenoaks Capital, Zola Capital, and Jackson Square Ventures invested in the Series C round of fundraising. That money was used to expand into Los Angeles, noted the report. The funding comes as Amazon.com is also focusing on the pharmacy market.