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What’s The Future For NBA-Related Retail In China?

PYMNTS

“Tencent has been the digital media partner of the NBA in China since 2009. These moves come amid a push by China to encourage more cross-border commerce and retail. Earlier this month, Alibaba announced a deal to buy NetEase’s cross-border retail platform Kaola for $2 billion. China’s Commerce Push.

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How SweetIQ Makes All Retail Local

PYMNTS

It was founded as a marketing agency called Get Me Listed in 2009. And while Get Me Listed offered a variety of services — the customer base, brick-and-mortar retailers — it was primarily interested in one: getting businesses listed in local directories. That has changed an awful lot since 2009.

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Gap Inc. Names Mark Breitbard New Global Head Of Banana Republic

PYMNTS

The company announced in a press release that Breitbard will also serve on the company’s leadership team. Mark brings significant retail leadership experience to Gap Inc., Breitbard has held leadership positions across Gap North America. Art Peck, president and CEO of Gap Inc., and Abercrombie & Fitch. “I

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Pier 1 CEO Steps Down

PYMNTS

Smith, who has led the home furnishings retailer for about 10 years, will step down as president, CEO and a member of the company’s board as of Dec. We greatly appreciate Alex’s many years of leadership and considerable contributions to Pier 1 Imports. CEO Alex W.

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Best Buy’s Board Loses Former CEO

PYMNTS

Sometimes, even the brightest LED television screens fade away, and sometimes, the most expensive battery packs that an electronics retailer can stock end up losing their charge. Best Buy announced Tuesday (March 15) that Brad Anderson, former CEO of the organization and current member of its board of directors, is retiring from his position.

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How Gift Certificates Evolved From Paper To Wearables

PYMNTS

A few decades later, Neiman Marcus started distributing gift cards, but the retailer took a page from the 1930s department store playbook: It kept the cards out of sight and only sold them as novelty items. In the early 2000s, another retailer experimented with gift cards. But the gift cards would make a quantum leap in 2009.

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

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