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Eve Sleep sees shares jump 20% as new CEO makes his mark

Eve Sleep has seen its shares rally 18 per cent after announcing it will refocus its efforts into key markets scaling back its unsuccessful expansion efforts elsewhere.

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Revealed: Tesco’s new Jack’s store

After months of speculation, following Tesco’s announcement in February it would be launching a separate discount store, the grocer has finally allowed The Retail Gazette to lay eyes on its new entity. A launch event was held in the small Cambridgeshire town of Chatteris this morning, where a team of Tesco seniors including chief executive Dave Lewis presented Jack’s to a group of journalists. Named after Tesco’s founder Jack Cohen, Jack’s is a discount store aimed at breaking into the disruptive market currently dominated by the German discounters Aldi and Lidl.






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Look out, UPS, FedEx — Amazon just ordered 20,000 delivery vans

Amazon just ordered 20,000 delivery vans. And, while it didn't mention UPS or FedEx by name, it pretty much just put those companies on notice, Louisville Business First reports.






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L’Oréal Paris tries on web-based AR makeup sampling

This is one of the first indications that the cosmetics giant is expanding the use of AR technology developed by Modiface after acquiring the startup in March.






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Iceland to end plastic packaging of bananas

Iceland has stopped selling bananas in plastic packaging, replacing them with a pre-packaged recycled paper band in its latest move on the war on plastic.






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Think fast, think small: How Kohl’s rode the omnichannel wave

For the retailer, a smaller store footprint was the first logical step to cost reduction.






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Amazon hits trillion dollar valuation for the first time

Amazon has become the second publicly traded company to be worth $1 trillion, just weeks after fellow retailer and tech rival Apple achieved a similar feat. Amazon’s stock rose 1.7 per cent yesterday, putting its market value at just over $1 trillion (£780 billion), although it dropped back slightly after that. Apple topped that mark in early August






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Guess launches #InMyDenim viral campaign on TikTok

The fashion brand is behind the first promoted hashtag challenge in the U.S. on the short-form video app






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Wegmans launches app to assist visually impaired customers

The Rochester, New York-based retailer is the first grocer to debut this technology to help low-vision and blind shoppers navigate stores.






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COMMENT: Councils need to challenge the government over the sham of localism and business rates relief

There’s an old truism that the first step towards finding a solution is to accept you have a problem in the first place.  This applies to so many aspects of life, business and politics being just two. So it was with a sense of resignation that I read a recent story in a local Oxford paper about a small business that had been forced to close in the city centre due to poor trading conditions. In the article the owners of the Combibos Coffee shop, characterised the city as having “lost its sparkle” and claimed that this was one of the principal reasons they closed their business in the heart of Oxford after 12 years.






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