Shift Technologies Inc
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Consumer Discretionary : Specialty Retail | Small Cap Blend
Company profile

Shift Technologies, Inc. is an end-to-end e-commerce platform transforming the used car industry with a technology-driven customer experience. Its segments include Retail and Wholesale. The Retail segment represents retail sales of used vehicles through the Company's e-commerce platform and fees earned on sales of value-added products associated with those vehicles sales, such as vehicle service contracts, guaranteed asset protection waiver coverage, prepaid maintenance plans, and appearance protection plans. The Wholesale segment represents sales of used vehicles through wholesale auctions or directly to a wholesaler (DTW). It provides technology-driven solutions throughout the car ownership lifecycle. It operates approximately nine vehicle inventory inspection, reconditioning and storage centers, with six spanning the West Coast from San Diego to Seattle and three new facilities in Austin, San Antonio and Dallas, Texas. It conducts its business through its wholly owned subsidiaries.

Closing Price
$0.8676
Day's Change
0.1945 (28.90%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.91
Day's Low
0.70
Volume
(Heavy Day)
Volume:
12,216,946

10-day average volume:
9,441,554
12,216,946

Starbucks offers travel cost reimbursement to those seeking abortion or gender-affirming procedures

10:50 am ET May 16, 2022 (MarketWatch)
Print

Starbucks Corp. (SBUX) announced Monday that it has added a worker healthcare benefit, offering travel cost reimbursement to those who are enrolled in its program and seeking an abortion or gender-affirming procedures. The announcement comes after a leaked draft of a Supreme Court decision threatens to overturn Roe vs. Wade. The benefit will apply to anyone who cannot access these services within 100 miles of where they live. The benefit also applies to workers' dependents. "[R]egardless of what the Supreme Court ends up deciding, we will always ensure our partners have access to quality healthcare," wrote Sara Kelly, acting executive vice president of partner resources, in a letter posted to the Starbucks site. "Whatever healthcare choice you believe is right for you and your family, you deserve access to those services and the benefits that Starbucks provides." Other companies including Levi Strauss (LEVI) and Amazon (AMZN) have also added a travel reimbursement benefit. Sen. Marco Rubio (R-Fla.) retaliated against businesses making this pledge by proposing legislation that will stop companies from getting tax breaks from covering these costs. Starbucks shares have slumped 37% for the year to date.

-Tonya Garcia

	

(END) Dow Jones Newswires

May 16, 2022 10:50 ET (14:50 GMT)

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