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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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Levi Goes ‘Soft And Stretchy’ In A Rigid Retail Market

PYMNTS

Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Consumers want everything these days, from online shopping with one-click ordering and fast delivery to an exciting and high-tech shopping experience at physical stores. Here’s an update on some of the recent casualties.

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Petco Files For IPO As Demand For Pets Surges During Pandemic 

PYMNTS

Digital rival Chewy has seen its shares go up in excess of 150 percent this year, with a market value of $30.3 The pet retail chain is also moving towards profitability after net losses the past two years. Founded in 1965, Petco was last publicly traded in 2006. The company filed an IPO last year. Same-store sales surged 9.6

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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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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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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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Warehouse Space Going For Premium Rates

PYMNTS

Brick-and-mortar merchants are far from being free from the problems that plague their particular brand of retail, but even they have to look at online retail rising rents for warehouse space with a little bit of mirth. Of the 57 major retail markets studied, 37 of them posted decreases to warehousing availability.

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