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Amazon’s US online market share estimate cut to 38pct

Bloomberg A closely watched researcher has cut its estimate of Amazon.com Inc’s share of the US e-commerce market after incorporating new figures from the company. EMarketer Inc, among the most widely cited sources for estimates of US online retail sales, says it now expects Amazon to account for 37.7 percent of online commerce this year, down from a prior estimate ...

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Shake Shack is staying away from vegan burgers

Bloomberg Shake Shack is staying away from vegan burgers, at least for now. The fast-food chain, known for its Pat LaFrieda beef and fries, is watching the vegan-burger trend that’s been turbocharged by Beyond Meat Inc’s massive post-IPO stock rally. But Shake Shack isn’t ready to get on board, according to CEO Randy Garutti. First, the chain, which made its name ...

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Toys ‘R’ Us, back from the dead, to open US stores in 2019

Bloomberg Maybe American kids will only have to live through one Christmas without Toys ‘R’ Us. About a year after shuttering US operations, the remnant of the defunct toy chain is set to return this holiday season by opening about a half dozen US stores and an e-commerce site, according to people familiar with the matter. Richard Barry, a former ...

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