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Amazon says independent sellers brought in $4.8 billion over Black Friday weekend
ymgerman/iStock By CATHERINE THORBECKE, ABC News(SEATTLE) -- Amazon said Tuesday that independent sellers brought in more than $4.8 billion in worldwide sales from Black Friday through Cyber Monday, an increase of more than 60% from 2019.With sales from the past weekend, the e-commerce giant also said that 2020 already has become its largest holiday shopping season ever.The new data reflects a high demand for e-commerce and delivery options for consumers this year as the coronavirus pandemic rages on.Moreover, Amazon said nearly all of its independent businesses, which racked in the record $4.8 billion over the weekend, are small and medium...
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Nasdaq unveils new push to mandate diversity in corporate boardrooms
kaarsten/iStock By CATHERINE THORBECKE, ABC News(NEW YORK) -- Nasdaq is proposing new rules that would mandate diversity in the boardroom for companies listed on its stock exchange.Nasdaq filed a proposal with the U.S. Securities and Exchange Commission Tuesday that would require all companies listed on its U.S. stock exchange to publicly disclose the diversity statistics of its board of directors. Moreover, the new rules would require companies on the stock exchange to have at least one woman director and one who self-identifies as an "underrepresented minority" or member of the LGBTQ community -- or face possible delisting.Foreign and smaller companies...
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200 Sephora shops are coming to Kohl's next year
AdrianHancu/iStock By JACQUELINE LAUREAN YATES, ABC News(NEW YORK) -- Sephora has plans to open hundreds of locations in Kohl's stores later next year.Both retailers are partnering to present "Sephora at Kohl's" which will be a premium beauty destination located at the front of Kohl's stores and online in fall 2021.There are plans to initially open 200 stores and at least 850 locations by 2023 with each physical shop being designed within a 2,500-square-foot space.This new partnership will bring more exposure to new customers and more accessibility to existing Sephora fans."The Kohl's and Sephora partnership will bring a transformational, elevated beauty...
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Shake Shack unveils three new black truffle menu items
Shake Shack By KELLY MCCARTHY, ABC News (NEW YORK) -- Shake Shack is adding an upscale special ingredient to its beloved fast food menu: black truffle.The burger chain has tapped into its fine dining roots in partnership with rare and specialty importer Regalis Foods to create three elevated new menu items topped with a one-of-a-kind organic black truffle sauce. "What we wanted to do is really harness those fall, wintery flavors and also bring more ingredients to the table that really pair with black truffle," Shake Shack culinary director Mark Rosati told ABC News of their long-anticipated collaboration with Ian...
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Local Christmas tree farmers spread holiday cheer amid unprecedented year
ABC News By HALEY YAMADA and ERIC NOLL, ABC News(NEW YORK) -- After a virus that has separated so many, early Christmas tree shoppers are looking to get back to their roots and focus on what’s important: family.Across the country, Americans are picking up their Christmas trees earlier this year and many are turning back to real trees, grown by local farmers, in record numbers, according to the farms that spoke with ABC News.At the Mistletoe Christmas Tree Farm in Stow, Massachusetts, one family said that they’re grateful for the new memory together.“It’s been a tough year and I think...
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Cyber Monday expected to be biggest online shopping day in US history
MicroStockHub/iStock By CATHERINE THORBECKE, ABC News(NEW YORK) -- Cyber Monday is expected to become the largest online shopping day in history, according to preliminary data from industry analysts.Analysts predict consumers will spend anywhere from $10.8 billion to $12.7 billion on Monday, a 15% to 35% increase compared to last Cyber Monday, according to Adobe Analytics."Cyber Monday is on track to break all previous records for online sales," Taylor Schreiner, the director at Adobe Digital Insights, said in a statement."Consumers will likely take advantage of the best discounted items today like TVs, toys and computers before price levels start creeping back...
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Online scalpers using bots to snatch up PS5, Xbox Series X consoles
Francesco Cantone / EyeEm/Getty Images By ABC News (NEW YORK) -- Sony’s PS5 and Microsoft’s Xbox Series X are some of the most sought after gifts this holiday season. But both video game consoles are nearly impossible to get and sell out within seconds when they become available online.As ABC News’ Becky Worley explains in the video below, it appears “Grinch bots” are to blame: Copyright © 2020, ABC Audio. All rights reserved.
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Bill that could help Black farmers reclaim millions of acres 'a step in the right direction'
Courtesy Sankofa Farms BY: MARIYA MOSELEY, ABC NEWS (NEW YORK) — There was a time when Black-owned farms were booming -- before those farmers were stripped of tens of thousands of acres because of racist policies. Now, most rural land in the U.S. owned by white people. But now, finally, a new piece of legislation could help African Americans reclaim some of that acreage. The Justice for Black Farmers Act, introduced earlier this month by Sen. Cory Booker, D-N.J., would allow Black farmers to reclaim up to 160 acres each, at no charge, through a Department of Agriculture system of...
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Black Friday hits new record: Report
kajakiki/iStock BY: ZUNAIRA ZAKI, ABC NEWS (NEW YORK) — Black Friday hit a new record with consumers spending $9.0 billion, an increase of 21.6% year over year (online sales hit $7.4 billion on Black Friday in 2019), according to Adobe Analytics data. It was the second-largest online spending day in U.S. history, coming in behind Cyber Monday 2019. Adobe expects Cyber Monday 2020 to become the largest online sales day in history, with spending between $10.8 billion (15% year-over-year growth) and $12.7 billion (35% year over year growth). U.S. consumers spent $6.3 million per minute shopping online on Black Friday,...
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Black Friday 2020: Tips on the best deals to look out for
ArtistGNDphotography/iStock By JACQUELINE LAUREAN YATES, ABC News (NEW YORK) -- Black Friday 2020 is upon us, and several retailers have already started rolling out huge deals and steals.Big box retailers such as Walmart and Target started releasing deep discounts on products earlier this month, and many other stores are planning to extend sales past Black Friday and Cyber Monday.Like everything else this year, Black Friday will look different, and mad rush doorbusters will most likely become a thing of the past. Alternatively, more people are expected to shop online and ditch traditional in-store frenzy.Online sales are expected to jump by...
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How to help food banks this Thanksgiving as COVID-19 deepens demand
Halfpoint/iStock By KELLY MCCARTHY, ABC News (NEW YORK) -- During the holiday season, people typically look to schools, churches, grocery stores and other community events to donate food to those in need.But ahead of Thanksgiving, food banks are swamped with increased demand due to the continued fallout from the pandemic with millions unemployed and a greater amount of food-insecure individuals and families in need.The nationwide hunger relief charity Feeding America predicted that one in six Americans -- around 54 million people -- will experience food insecurity amid the ongoing public health crisis. The organization reported that 80% of food banks...
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Weekly unemployment filings surge to 778,000 last week as virus cases rise
courtneyk/iStock By MORGAN WINSOR, IVAN PEREIRA and MEREDITH DELISO, ABC News(NEW YORK) -- Some 778,000 workers lost their jobs and filed for unemployment insurance last week, the Department of Labor said Wednesday.This is an uptick of 30,000 compared to the previous week, and the second consecutive week that the weekly tally has risen after it was on the decline for months.The DOL also said Wednesday that more than 20 million people were still receiving some form of unemployment benefits through all programs as of the week ending Nov. 7. For the comparable week in 2019, that figure was 1.5 million.The...
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