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eBay | May 25, 2020
A new suitor has emerged for eBay Inc.’s classified advertising business, the Financial Times reported. Axel Springer, the German-based digital publishing house that is backed by KKR & Co., a global investment firm with offices in New York, has submitted an initial bid for the eBay division. Prior to COVID-19, it was expected that a deal for the classifieds unit could be worth up to $10 billion. eBay could decide as soon as next week who reaches the next round, the sources said. The Sa...
deccanherald | February 27, 2020
US retail sales are expected to rise between 3.5% and 4.1% to more than $3.9 trillion this year, the National Retail Federation (NRF) said on Wednesday, despite fears surrounding the coronavirus outbreak. The trade body expects sales to be between $3.93 trillion and $3.95 trillion, citing steady wage growth and consumer confidence and assuming the virus outbreak does not become a pandemic. However, NRF expects sales to take a hit if the China factory shutdown continues. Preliminary results...
Waitr Holdings Inc. | December 29, 2021
Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a leader in on-demand food ordering and delivery, today announced the Company has entered into a non-binding letter of intent (“LOI”) to acquire Retail Innovation Labs Inc. dba Cova (“Cova”), a leading point of sale (“POS”), inventory and compliance software business serving cannabis dispensary retailers in North America.
“We believe that t...
pymnts | March 18, 2020
As consumer spending started to decelerate prior to COVID-19 containment measures, U.S. retail sales declined last month in the biggest drop in a year. Commerce Department data indicated that the value of overall sales decreased 0.5 percent from the month before following a 0.6 percent rise in January, Bloomberg reported. The median projection in a survey had forecasted an increase of 0.2 percent. Supermarket sales, for their part, dropped 0.1 percent following a decrease of 0.2 percent. Automob...
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