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Malls Close Vacancy Gap With 1700+ Online Retailers

PYMNTS

As traditional mall merchants go under, online brands are expanding into brick-and-mortar, the New York Post reported Saturday (Nov. One example is New York’s UNTUCKit , which started as an online men’s clothing store and grew into a global brand. UBS also reported in April that online shopping by the average U.S.

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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

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Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

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Survey: Teens Slated To Spend Lowest Amount Since 2011

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New data has found that American teens are estimated to spend $2,371 per year — the lowest level for the age group since the fall of 2011. When they do shop for makeup, 91 percent of female teens prefer to do so in a store, rather than online. A survey by Piper Jaffray gathered the data from 9,500 teens across 42 U.S.

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PetSmart Acquires Leading Online Pet Food Retailer

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PetSmart is boosting its digital offerings through the acquisition of Chewy, the leading online retailer of pet food and products. After the deal is closed, Chewy, which was founded in 2011, will continue to be led by CEO Ryan Cohen and operate primarily as an independent subsidiary of PetSmart.

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Physical Retail Looks For New Life This Holiday Season

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The obituary for brick-and-mortar retail has been written many times. Retailers need to seize the moment when shoppers return gifts. Preparing for returns is a best practice; leveraging returns intelligence to inform product development and new customer acquisition strategies is next-practice retail.”. Consumer Trends.

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Goldman Sachs Forecasts Acceleration In eCommerce Sales

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Goldman Sachs has predicted that online shopping will expand by 19 percent each year during the next three years to come, which marks a rise from its past forecast of 16 percent. Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019.

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Online Liquidation Enjoys Fresh Growth As More Consumers Embrace Returns

PYMNTS

24) — you could be on your way to owning a pallet’s worth of mostly overstocked items , products that included a mystery collection of grocery and drugstore items, a “truckload” of apparel and accessories, the total of which retail for $620,611. For at least $8,913 — that was the high bid as of Thursday afternoon (Jan. Investor Attention.

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