Ecommerce sales on Black Friday dipped slightly this year, to $8.9 billion from $9 billion in 2020, reversing years of growth, according to data from Adobe Analytics, with larger retailers seeing 22% higher growth than small businesses while the latter saw higher average order value.
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Reversing course, Authentic Brands Group, owner of over 30 retail properties including Aeropostale, Forever 21, Fredericks of Hollywood and Barney’s New York, is selling significant equity stakes to CVC Capital Partners and HPS Investment Partners instead of pursuing an IPO.
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