For Walmart, a political tug-of-war over TikTok has become an opportunity to follow an app with a huge fan base. The company confirmed Thursday that it is partnering with Microsoft to buy the tech platform, which is owned by Beijing-based ByteDance. The parent company of TikTok is looking for a …
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Men with face masks walk past a Gap store in a shopping area as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters The tailor Gap Inc. turned its supply chain early on in the coronavirus pandemic to …
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Gap Inc. said Thursday that its total sales fell 18% in the last four years, as e-commerce revenue rose 95% from a year ago, but those gains were offset by a 48% drop in retail sales in the coronavirus pandemic . It swung to a net loss from a year …
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Klarna CEO Sebastian Siemiatkowski follows the launch of the online payment start-up pop-up store in London. Dave Benett | Getty Images for Klarna Swedish online payment company Klarna reported a balloon loss net loss in the first half of 2020, as the company invested in an international expansion company and …
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Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Shares of Abercrombie & Fitch rose after clothing retailer reported a quarterly gain on Thursday morning and an impressive 56% online revenue growth during the coronavirus pandemic. The …
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