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Amazon captures 5% of US retail spending

Bloomberg Americans last year bought about $200 billion worth of stuff from Amazon and its Whole Foods grocery stores. That figure is based on a Bloomberg Intelligence estimate that Amazon sold about $300 billion in merchandise in 2017 and the company’s report that two-thirds of its revenue comes from the US. If that’s accurate, Amazon.com Inc. captured about 5 percent ...

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The clunky dad shoe gives sneaker makers a swift kick

Bloomberg Dad shoes are clunky, ugly — and the hottest trend in footwear, clomping down the runway at recent shows by luxury houses Louis Vuitton and Balenciaga. The bulked-up sneakers, which can retail for hundreds of dollars a pair, also represent a major challenge for athletic-shoe makers unaccustomed to the volatile world of high fashion. Until recently, companies such as ...

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UAE youth are global role model

ABU DHABI / WAM The United Arab Emirates will, on Sunday, observe “International Youth Day”, highlighting the great importance attached to the welfare and progress of the youth. The UAE Government seeks to empower the young generation and prepare them to contribute to the welfare of the Emirati community by instilling in them leadership qualities and by engaging them in ...

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