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Toys R Us Eyes Liquidation Of US Operations

PYMNTS

Beleaguered toy retailer Toys R Us is in the midst of prepping plans to liquidate its U.S. operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans.

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Klarna’s Value Hits $10B With Latest Investment Round

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Swedish FinTech Klarna is aiming to raise $500 million as it looks to fuel the expansion of its growing digital payments and online shopping business in the U.S. Founded in 2005, Klarna has previously stated that the U.S. Klarna has also been busy ramping up its operations in the United Kingdom. market, a new report states.

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

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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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Marc Lore Retiring From Walmart To Create City Of The Future

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Lore joined Walmart after selling his startup Jet.com to the retail giant for $3 billion in 2016. segment has been operating and continues to operate as an omnichannel business,” per filing. Amazon launched Prime in February 2005 and grew it to more than 150 million members globally. . Our Walmart U.S.

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Canada’s Lightspeed POS Inc Raises $179M In IPO

PYMNTS

The company, which had early investors such as Caisse de Depot et Placement du Quebec, has over 700 people in its employ and was started in 2005. The company’s Lightspeed platform, as it stood, already served small to medium-sized retailers. National Bank Financial, JPMorgan Chase & Co.

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Online Marketplaces Catching Up To Offline World

PYMNTS

Why should merchants be the only ones who get to leverage the speed, convenience and low-friction environment of the online marketplace? But these rapidly growing service marketplaces are easily overshadowed by their retail counterparts such as Amazon, Alibaba, eBay and even Walmart. As it turns out, they aren’t.

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The End Of An Era: Brookstone Files For Bankruptcy Protection

PYMNTS

Brookstone, the specialty retailer known for massage chairs and gadgets, filed for bankruptcy protection, reported the Wall Street Journal. It was taken into the private sector in 2005, then filed for bankruptcy in 2014. Both have operations online under new owners, reported the Wall Street Journal.

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