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Sherman and the board of directors took a 50% pay cut while other executives took a 30% cut to offset losses. While digital sales grew by 519%, its retail dropped by more than 30% in the same period from the prior year, and the chain reported a US$165 million loss in contrast to a US$6.8 million for the same quarter
The team is also starting work on the $30 million responsive space contract that the company was awarded earlier this month, the person said. More TechCrunch Get the industry’s biggest tech news
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