Tag Archives: drove

‘Organized retail crime’ drove astounding $400 million loss in profits this year

‘Organized retail crime’ drove astounding $400 million loss in profits this year

Target stores are getting looted, and it’s taking a huge bite out of profits. The discount retailer told reporters on a call to discuss its third quarter earnings results that inventory shrinkage — or the disappearance of merchandise — has reduced its gross profit margin by $400 million so far in 2022. “There’s a handful of things that can drive shrink in our business and theft is certainly a key driver,” Target CFO Michael Fiddelke said. “We know we’re not alone across retail in seeing a… Source link

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I drove a Tesla for the first time after testing 14 other electric cars. Now I get why people are so obsessed with Elon Musk’s vehicles.

I drove a Tesla for the first time after testing 14 other electric cars. Now I get why people are so obsessed with Elon Musk’s vehicles.

The Tesla Model Y.Tim Levin/Insider I drove a Tesla for the first time and came away impressed with the much-hyped brand. The Model Y’s sleek interior, speedy acceleration, and innovative tech features set it apart. But its oversized touchscreen and lack of physical buttons isn’t for everyone. Tesla created and dominates the burgeoning market for electric vehicles. But can the startup’s popular cars withstand a barrage of competitors from titans like Ford, General Motors, and Volkswagen? That’s… Source link

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Baltimore Aunt Drove Car for a Year With Kids Stuffed in Trunk: Cops

Baltimore County Police Department For about a year, a Baltimore woman allegedly drove a car with a gruesome secret: the dead body of her 7-year-old niece stashed in a suitcase in the trunk. Then in May she allegedly cracked the trunk’s lid to dump the body of her 5-year-old nephew beside it. It wasn’t until months later that police discovered the decomposing bodies of siblings Joshlyn Marie James Johnson and Larry Darnell O’Neal. Baltimore County Police said in a statement Thursday night… Source link

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Chewy shares soar as COVID-19 buying drove subscriptions, sales above $2B in Q4

Chewy on Tuesday reported stronger-than-expected quarterly earnings results, which sent its shares surging in the after-hours session. Here are the key results for Q4 versus expectations, according to Bloomberg data: The online seller of pet food and supplies saw net sales top $2 billion for the first time, climbing nearly 51% from a year ago to $2.04 billion. For the fiscal year, net sales jumped more than 47% to $7.15 billion. It also reported 19.2 million active customers, adding 5.7… Source link

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How the pandemic drove college students and professors into ‘Zoom University’

Almost eight months into the coronavirus pandemic, Zoom has emerged as a staple of online learning among colleges across the country, with more than 700 colleges and universities now using the video communications platform. The San Jose-based company, which is Yahoo Finance’s Company of the Year, was in some ways prepared the unprecedented shift from on-campus to online learning. “Universities and the higher education space were some of the earliest adopters of Zoom,” the company’s… Source link

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