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Petco CEO says company’s growth is inflation-proof, as Americans splurge on pets and bigger homes
Read more: Petco CEO says company’s growth is inflation-proof, as Americans splurge on pets and bigger homes( CNBC.com ) Petco CEO Ron Coughlin on Wednesday said the specialty retailer has a key advantage in an uncertain environment: Americans spend on pets, even when their budgets tighten. At an investor day in New York City, he said the pet category is “resilient to economic downturns, resilient to inflation.” Plus, he said, more people…
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Walmart sues BJ’s Wholesale claiming it stole self-checkout technology
Read more: Walmart sues BJ’s Wholesale claiming it stole self-checkout technology( CNBC.com ) Walmart and its big-box warehouse subsidiary Sam’s Club accused rival retailer BJ’s Wholesale Club in a lawsuit filed Tuesday of stealing technology that powers a popular self-checkout option in the Sam’s Club mobile app. The suit, filed in federal court, claims Walmart worked for years to develop Scan & Go, a feature that lets Sam’s…
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Kohl’s confirms it has received multiple preliminary buyout offers
Read more: Kohl’s confirms it has received multiple preliminary buyout offers( CNBC.com ) Kohl’s on Monday confirmed it has received multiple preliminary offers from parties interested in acquiring the department store chain. Kohl’s said in a press release the proposals are nonbinding and without committed financing. The company’s board of directors has hired bankers at Goldman Sachs to coordinate with bidders. Hudson’s Bay Co., a Canadian…
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Seattle Starbucks location unanimously votes in favor of unionizing, a first in the company’s hometown
Read more: Seattle Starbucks location unanimously votes in favor of unionizing, a first in the company’s hometown( CNBC.com ) Starbucks baristas at a Seattle location on Tuesday unanimously voted to unionize, a first in the company’s hometown. The Seattle location on Broadway and Denny Way joins six other company-owned Starbucks cafes in Buffalo, New York, and Mesa, Arizona, in deciding to form a union under Workers United, an affiliate of the Service…
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Adidas announces new network that will allow more than 50,000 student-athletes to be paid ambassadors
Read more: Adidas announces new network that will allow more than 50,000 student-athletes to be paid ambassadors( CNBC.com ) Adidas announced Wednesday a new “name, image and likeness” network that will be open to student-athletes at NCAA Division 1 Adidas-sponsored schools. The new program will allow more than 50,000 students across 23 sports at 109 schools the ability to become paid spokespeople for the brand. “The adidas NIL network embodies our belief…
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Nike sees signs of recovery in China, which could be a good omen for other retailers
Read more: Nike sees signs of recovery in China, which could be a good omen for other retailers( CNBC.com ) Key Points Glimmers of hope for Nike in China could be good news for other retailers with big business in the region, as companies contend with a prolonged pandemic recovery and global unrest. Nike showed, at least for now, it is handling broader macroeconomic challenges, including ongoing supply chain backlogs, better than…
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UPDATE! Viral Tesla crash sparked LAPD investigation after influencer claimed he was behind stunt
Read more: UPDATE! Viral Tesla crash sparked LAPD investigation after influencer claimed he was behind stunt( NBCNews.com ) Dominykas Zeglaitis, also known as Durte Dom, initially claimed responsibility for the crash on TikTok. Other influencers said he wasn’t even there. Los Angeles police are looking for the person behind a recent stunt captured on video in which a driver of a Tesla sped over a hill and crashed into two…
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Jergens lotion recalled for possible bacterial infection
Read more: Jergens lotion recalled for possible bacterial infection( CNN.com ) New York (CNN Business) Some types of Jergens moisturizer have been recalled because of possible bacterial contamination. The Food and Drug Administration announced that Jergen’s manufacturer, Kao USA, wants customers to check if they have 3-ounce or 10-ounce products of Jergens Ultra Healing Moisturizer, because they could contain pluralibacter gergoviae. Although the bacterium…
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Wrongfully Convicted Man Sues Kansas County for $93 Million
Read more: Wrongfully Convicted Man Sues Kansas County for $93 MillionI hope Lamonte McIntyre gets every drop of that $93 million for the 23 years of life he lost. -Queenie ( USNews.com ) A Kansas man who spent 23 years in prison for a double murder he didn’t commit is suing the county where he was convicted and a former police officer for $93 million.…
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Ralph Lauren collection honors ‘heritage and traditions’ of historically Black colleges
Read more: Ralph Lauren collection honors ‘heritage and traditions’ of historically Black collegesI guess Ralph Lauren is trying to make up for appropriating a black fraternity’s symbol on a pair of pants that retailed for over $300 in 2020 without the fraternity’s permission. -Queenie ( CNN.com ) Two years after promising to reexamine how it “portrays the American dream” amid the Black Lives Matter movement, Ralph Lauren is…
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Donovon Lynch family’s federal lawsuit to move forward against City of Virginia Beach & Officer Solomon Simmons
Read more: Donovon Lynch family’s federal lawsuit to move forward against City of Virginia Beach & Officer Solomon SimmonsA federal judge found that the Lynch family has enough evidence to complain that Virginia Beach failed to train its police officers to an appropriate standard. ( 13NewsNow.com )
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A Brief History of Rihanna in the Front Row
Read more: A Brief History of Rihanna in the Front Row( Vogue.com ) Every fashion show’s focus is what happens on the runway—unless Rihanna happens to be in the audience. As a musician, beauty founder, creative director, and muse, the star has experienced the fashion industry from multiple perspectives. Still, she indulges her inner fan when it’s time to take in the collections. The designers whose shows…
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