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How (And Why) Major Retailers Are Embracing Print Catalogs Again

PYMNTS

The holiday season is the time for nostalgia and tradition, and that is the case here at PYMNTS, where even amid our coverage of the newest retail trends, we sometimes get the warm-and-fuzzies. It led us to wonder, going into the heart of the fourth quarter and then into 2020, about the status of that old standby, the retail catalog.

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Cloud Software Co. Mirakl Raises $300M

PYMNTS

Mirakl provides online marketplace software to manufacturers, wholesalers and retailers, including Kroger Co., Last spring, Nussenbaum told PYMNTS that the company was bringing back-end marketplace services, including merchandising and fulfillment tasks, to retailers and brands in a variety of retail niches.

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Department Store Closures Expected To Tick Up As Brands Try To Recapture Revenue

PYMNTS

To get back the type of productivity they knew a year ago, experts are saying department stores nationwide will need to close as many 800 locations – or about 20 percent of all anchor retail stores in the U.S. Department store sales average $165 per square foot in 2015, a 24 percent drop over 2006. Sears is not alone.

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Mastercard’s Sadove Says The Resilient Consumer Saved Holiday 2020

PYMNTS

According to Mastercard ’s SpendingPulse transactional analysis, total retail spending for 2020’s 75 days of Christmas was up 3 percent, and eCommerce sales were up 49 percent — good for the stay-at-home economy and tough sledding for department stores. percent overall and 31 percent online.

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Teen Spending Plummets To A 20-Year Low

PYMNTS

Annual spending by teens peaked in 2006 at $3,023, the survey said. Spending on purses and bags peaked in the spring of 2006, as teens said they spent $197 annually on the category, the survey said. When they do shop for makeup, 91 percent of female teens prefer to do so in a store rather than online. 19 and Sept.

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Retail Pulse: Brookstone Files For Bankruptcy; Kroger Launches New Delivery Service

PYMNTS

Brookstone , a specialty retailer known for massage chairs and gadgets, used to be a must-see mall retailer. malls, Brookstone is now the latest major brick-and-mortar retailer to announce that it has filed for bankruptcy protection. Both have operations online under new owners, reported The Wall Street Journal.

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Slimmed-Down Albertsons IPO Raises $800M

PYMNTS

Albertsons’ IPO is the culmination of a saga that began in 2006 when private equity firm Cerberus Capital Management took a major position, with plans to grow the chain into one of North America’s gargantuan power grocers. billion fundraise once anticipated. Shares rose some 1 percent to $16.18 shortly before noon ET.

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