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Retail

May 21, 2019

China tariffs: Nike, Adidas among 170 footwear retailers urging Trump to total ‘catastrophic’ diagram – Fox Enterprise

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More than 170 prominent footwear retailers, including industry leaders such as Nike, Adidas and Under Armour, called Monday for the Trump administration to abandon plans to implement further tariffs on apparel manufactured in China.In a letter to President Trump, the companies said the increased tariffs could have a “catastrophic” impact “for our consumers, our...

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May 20, 2019

Shopify unveils a novel lineup of retail hardware

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Shopify is expanding its efforts in brick-and-mortar retail with the launch of its new retail hardware collection. The company is best-known as a platform for building online stores, but it also offers point-of-sale software for physical stores, and it launched a credit card reader a couple of years ago. With the new collection —...

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May 20, 2019

Airbnb provides frail Apple retail chief Angela Ahrendts to board

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Airbnb has made yet another addition to its board of directors as it inches toward an initial public offering, expected in the next year. Angela Ahrendts, the former senior vice president of retail at Apple, joins as its third independent non-affiliated board member. Ahrendts joined Apple in 2014 after serving as CEO of the...

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May 20, 2019

Retail Zipline raises $9.6M from Emergence and Serena Williams

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Retail Zipline, a startup aiming to improve communication between retail stores and corporate decision makers, announced today that it has raised $9.6 million in Series A funding. CEO Melissa Wong previously worked in corporate communications for Old Navy, where she said she saw “such a disconnect between what was decided in headquarters and what...

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May 20, 2019

Prosper is the most up-to-date Silicon Valley company to glean dinged by, and judge prices with, the SEC

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Another Silicon Valley company is settling with the SEC: the online lending company Prosper, which the SEC had accused of “miscalculating and materially overstating annualized net returns to retail and other investors.” Prosper has agreed to pay $3 million as part of the settlement, in which it has neither admitted nor denied the agency’s...

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