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News
Gap shares jump 12% after company names new Old Navy CEO to revive struggling brand
Gap announced a new CEO for Old Navy on Thursday as the brand reported a decline in comparable sales for the most recent quarter.
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Best Buy beats quarterly estimates and hikes its outlook, but stock falls
Best Buy raised its full fiscal-year outlook on Thursday after reporting a stronger-than-expected first-half performance.
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General Mills ditches artificial colors in Lucky Charms, Trix
Food-making giant General Mills, the company behind Trix and Lucky Charms, announced that all of its U.S. cereals are now made without "certified colors."
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Target's Tech Chief Has a Central Role in the Retailer's Turnaround Plan
Prat Vemana, Target's chief information and product officer, says improved technology is a throughline in the retailer's recovery plan after several years of sluggish sales. The company is putting $6 billion into stores, workers, and technology this year
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State lawmakers draft rounding rules as U.S. Mint stops penny production
The U.S. Mint has halted production of new pennies, prompting at least six state legislatures to introduce bills standardizing how retailers round cash transactions to the nearest nickel. The shift affects cash transactions, which represented 18 percent o
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