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This, while it neglects its retail constituency.
This week there was even speculation that it might sell off its retail operation altogether.
It will later evaluate its retail strategy.
It will also expand its retail and worksite clinics.
EBay stresses, without mentioning Amazon by name, that it doesn't compete with its retail customers.
Apple had projected it would spend $600 million on its retail stores in fiscal year 2013.
It counts online seller Farfetch among its retail partners.
It said the cuts would fall within its retail, risk, operations and commercial banking divisions.
It delivers solid returns, year after year, to its retail and institutional clients.
Nor can it afford to miss out on what that revolution means to its retail customers.
Its retail division is losing money.
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CEO of Professional Science Editing for Scientists @ prosciediting.com