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In a recent court ruling, Michelle Mack, the mastermind behind a massive organized retail crime operation that targeted Ulta Beauty and other major retailers, has been sentenced to more than five years in a California state prison. Living in Bonsall, California, Mack was a central figure in a network of individuals who stole millions of
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Macy’s board announced on Monday that it had decided to terminate negotiations with the activist group seeking to take the retailer private for $6.9 billion. The decision was made unanimously, with the board citing concerns about the certainty of financing and the lack of compelling value in the proposal. Lead independent director Paul Varga expressed
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Walmart recently announced its plans to open five automated distribution centers for fresh food across the country. These new facilities are aimed at enhancing efficiency within Walmart’s supply chain and catering to the growing demand for online grocery shopping. With an average size of 700,000 square feet, these centers will feature automation in the chilled
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