Waitrose Cuts New Store Plans to Invest in Food-To-Go

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Waitrose Cuts New Store Plans to Invest in Food-To-Go

British upmarket grocer Waitrose has scaled back plans for new stores but will add more cafes and bakeries to existing shops, while owner John Lewis [JLP.UL] shifts its investment into logistics and technology as online shopping booms.

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New Adidas CEO Sets Off in Pursuit of Nike

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New Adidas CEO Sets Off in Pursuit of Nike

Closing the gap on clear market leader Nike is the challenge facing new Adidas boss Kasper Rorsted when the Dane takes charge of the world’s second biggest sportswear brand from the start of October.

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Office Depot CEO Roland Smith to Retire

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Office Depot CEO Roland Smith to Retire

Office Depot Inc said on Monday Chief Executive Roland Smith would retire, three months after the second-largest U.S. office supplies retailer and bigger rival Staples Inc abandoned their planned merger.

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Rocket Internet Trims Losses, Increases Debt Buyback

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Rocket Internet Trims Losses, Increases Debt Buyback

German e-commerce investor Rocket Internet reported progress on Thursday in cutting losses at its main start-ups with three set to generate profits by the end of 2017, while its shares were lifted by a plan to buy back convertible bonds.

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UPS Plans Peak Season Hiring of 95,000 for Third Year Straight

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UPS Plans Peak Season Hiring of 95,000 for Third Year Straight

Package delivery company United Parcel Service Inc said on Wednesday it plans to hire around 95,000 seasonal employees for its crucial peak holiday season this year, unchanged from the past two years as improvements to its network should help it h…

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