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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

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Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. The new store, which will be located at 30 Rockefeller Plaza, will feature multiple experiential retail components. The store will also offer magic shows and a grocery shopping experience designed for kids.

Retail 116
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Amazon Stock Surges 20 Pct. During COVID-19 Pandemic

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Bloomberg reported that stock in the Seattle-based global eCommerce company has soared by nearly 20 percent since January. This makes Amazon one of the 10 biggest percentage gainers among its S&P rivals and puts the company back above the $1 trillion market capitalization threshold, the news service said.

Seattle 132
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Amazon Expected To Debut New Alexa Hardware At Annual Event

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25 in Seattle to introduce new products and services. Amazon’s Alexa is reportedly the most-used voice assistant on the market, found in more than 60,000 smart home devices from 7,400 companies. 11) trading and gave the company a capitalization of $1.01 Amazon will host an event on Sept.

Apple 245
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Starbucks Invests $100M In New Valor Fund Focused On Food Startups

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Starbucks announced Wednesday (March 20) it is investing $100 million in the new Valor Siren Ventures fund, which aims to invest in the next generation of food and retail startup tech companies. The company launched its first store in Seattle in the 1970s.

Seattle 122
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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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On-Demand Delivery Service Munchery Ceases Operations

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That came after it shut down service in Seattle, Los Angels, and New York. In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable. That never happened, prompting its action earlier this week.

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Luxury Brand Barneys New York Seeks Bankruptcy Protection

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Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . However, the company hasn’t been immune from the same market conditions that sent Sears and Kmart into bankruptcy.

New York 108