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Service-Based Retailers Surpass Product-Focused Merchants

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Per a JLL report, the number of service-based retailers rose 20.5 percent between 2002 and 2017, coming in at 1.2 million spaces, while retailers offering goods declined 4.5 JLL Director of Retail Research James Cook said that the growth in service-based companies “will plateau at some new percentage.” percent to 1.1

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Wells Fargo Expands Class-Action Settlement To Customers From May 2002

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Wells Fargo & Company announced Friday (April 21) it is expanding its class-action settlement over its fake account scandal to include any customers who were impacted by sales practice issues as early as May 2002. We encourage any customer with concerns or questions about their accounts to contact us.”.

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Retail Bankruptcies Fuel The Overstored Debate

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Another bankruptcy; another week of trying to sort out the problems at retail. simply has too many stores to support them all and the “retail apocalypse” is simply as natural as a snake shedding skin. 24) report on the Pier 1 bankruptcy and retail bankruptcies in general. square feet of retail space for every consumer.

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Retail Employment Shows Some Improvement

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with retail, more or less, coming out on the positive end. By comparison, notes the outlet, retail jobs in the U.S. retail sector rise by 47,700 between February and March, from 15,894,400 to 15,942,100. December of that year marked the first time in which retail jobs in the U.S.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

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And the coronavirus pandemic has hit clothing retailers particularly hard, given the lack of need for new clothing while everyone stays inside to follow social distancing measures and avoid going out for any non-essential needs. True Religion was founded in 2002 with a headquarters in Malibu Beach, California.

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Could Retail Job Growth Actually Save Companies Money?

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The news from the Bureau of Labor Statistics (BLS) last week that the retail industry added 48,000 new jobs in March — bringing the increase to 378,000 new jobs over the past 12 months — appears to be positive on a number of fronts. And while the number of retail jobs in the U.S. While it’s reasonable to presume that any U.S.

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Supply Chain Bottlenecks Impact Shipments To Stores, Warehouses

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The Hackett Associates and National Retail Federation Global Port Tracker report registered the highest volume in August on the books going back to 2002. In August, international container shipping volumes were up 34.2 percent as compared to February, WSJ reported, citing Container Trade Statistics.

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