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Staples debuts first-of-its-kind online store selling crowdfunded products
Framingham, Mass. -- Staples has opened an online store whose products were determined by crowdfunding.
The winners of the chain’s inaugural Crowd2Shelf Contest are being featured on Staples’ new entrepreneurial store at Staples.com/fundable. The debut of the online store marks the first time a retailer has used crowdfunding to determine market demand and social support in choosing products to carry.
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Gap second quarter looking lackuster
San Francisco -- Gap Inc. is still searching for its turnaround.
Gap Inc. issued a second-quarter earnings forecast that was below Wall Street analysts' estimates, with its results impacted by foreign currency fluctuations, West Coast port delays and previously announced store closings in its namesake brand.
Gap reported less-than-expected total sales of $3.9 billion for the second quarter, down 2% from the $3.98 billion the year-ago period.

