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In a legal complaint filed with a New York court, luxury fashion brand Valentino SpA is requesting that the courts end its lease for a store in a prime tourist spot in Manhattan. The brand, however, has removed the wood that has been guarding the outside of its store and has had curbside pickup available for products like T-shirts and purses.
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. “We remain positive on Amazon shares, and view Amazon ‘s large and growing global Prime member base as not only a source of recurring revenue, but a key reason why brands and third-party sellers are increasingly relying on Amazon’s marketplace,” Citi Analyst Mark May wrote in a note covered by CNBC.
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