• This Nike shoe just became the fastest-selling sneaker in StockX history. Here's how it happened and why it's worth the investment

    26 days ago - By Business Insider

    StockX just surpassed 10 million lifetime sales, the company announced in a report on Monday.
    The leading resale platform had its two biggest months during May and June in terms of buyers.
    More than 40,000 pairs of the Jordan 13 "Flint" sold on the platform in June, making it the fastest-selling sneaker in StockX history.
    Visit Business Insider's homepage for more stories .
    Like many resale platforms, StockX has seen tremendous growth in the last couple of months.
    In a Monday report , the five-year-old company announced that it had surpassed 10 million lifetime sales and had its two...
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  • Retail Sales increased 7.5% in June

    Retail Sales increased 7.5% in June

    26 days ago - By Calculated Risk

    On a monthly basis, retail sales increased 7.5 percent from May to June , and sales were up 1.1 percent from June 2019.
    From the Census Bureau report :
    Advance estimates of U.S. retail and food services sales for June 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $524.3 billion, an increase of 7.5 percent from the previous month, and 1.1 percent above June 2019. Total sales for the April 2020 through June 2020 period were down 8.1 percent from the same period a year ago. The April 2020 to May 2020 percent change was revised...
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  • US retail sales jump 7.5% in June, but economy still ails

    US retail sales jump 7.5% in June, but economy still ails

    26 days ago - By Chron

    BALTIMORE - U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery.
    The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a year ago, after a brutal plunge in March and April was offset by a decent rebound in May and June.
    The report shows how shoppers and businesses are adjusting to life in a pandemic, changing their habits in hopes of halting an illness that can quickly flare-up and wreak financial havoc.
    Bars in Texas...
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  • Will Tesla Be On S&P 500? Tesla's Software Has One Clue

    26 days ago - By Forbes

    As a leader in autonomous driving, we estimate that Tesla recorded $1.4 billion in Software Revenue in 2019 via sales of its Full Self Driving software upgrades. These upgrades, which cost about $8,000 per vehicle currently, are also highly lucrative. So How Do Tesla's Software Upgrades...
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  • Alert: US retail sales jumped 7.5% in June from prior month, but COVID-19 resurgence suggests that gains have stalled

    26 days ago - By Chron

    WASHINGTON - US retail sales jumped 7.5% in June from prior month, but COVID-19 resurgence suggests that gains have stalled.
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  • Cartier Owner Just Isn't Getting Its Clicks

    26 days ago - By Washington Post

    Richemont suffered a surprisingly bad drop in sales at its online fashion store in its latest results. It's a tough business - but worth sticking with.
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  • British fashion retailer ASOS reports $1 billion revenue, a 10% jump - but UK sales have dropped. Rival Boohoo may have grabbed some of its market share

    British fashion retailer ASOS reports $1 billion revenue, a 10% jump - but UK sales have dropped. Rival Boohoo may have grabbed some of its market share

    26 days ago - By Business Insider

    British online fashion retailer ASOS reported revenue of more than £1 billion in the four months ending June 30, a 10% jump, but its sales in the UK dropped slightly.
    ASOS' UK sales fell 1.5% - in contrast, UK sales for rival fast-fashion retailer Boohoo jumped 30% in the three months to May 31.
    ASOS customers have faced longer-than-usual delivery times, "dissuading shoppers from purchasing items they could purchase elsewhere," a retail analyst at GlobalData said.
    Visit Business Insider's homepage for more stories .
    ASOS posted a 10% sales boom on Wednesday as it announced that its revenue...
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