Nike increases layoffs at headquarters to 700; Bankrupt Stein Mart has a $4M bid for its IP; How years of investor-friendly finance left retailers vulnerable to crisis; Wayfair's net income shoots up 164% in Q3
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Looking to buy the retailer's brand is a firm tied to Retail Ecommerce Ventures, which this year also bought the Pier 1 and Modell's intellectual property.
The stakes have never been higher — according to the FCI, only 21% of US consumers report forgiving brands and stores whose service has been disrupted by COVID-19.
Public and private companies have transferred billions of dollars to their investors over the years. Could that money have saved their business instead?
The retailer has capitalized on pandemic-driven trends and notched two consecutive quarters of profitability as a result. But analysts question how long it will last.
The retailer is no longer working with Bossa Nova Robotics, reversing course on plans to roll out the company's shelf-scanning machines to 1,000 stores.
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