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Neiman Marcus Emerges From Chapter 11

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“We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. At the conclusion of this process, I remain profoundly impressed by the strength of Neiman Marcus and Bergdorf Goodman, the commitment of our associates, the unwavering support of our brand partners and the loyalty of our customers.”.

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Amazon Go Has Spawned Imitators, But Also Innovation

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While not exactly an empire yet, the online retailer launched its 13th store in New York City last month and it features the ability to use cash, answering a complaint that’s been lodged at unattended retail generally. New Developments. The next wave of automated retail might be heralded by U.K. Retailers vs. Customers.

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How To Make Sure Stores Don’t Die

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Among the defining endeavors of our time — at least for the worlds of payment and commerce — has been to bring brick-and-mortar retail stores into the new century. It’s an ongoing effort that has probably seen more failures than success stories, but that’s certainly not keeping people from betting on new innovations.

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Madison Reed Announces New Funding And CMO

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Called by some the Warby Parker of hair color, Madison Reed has announced $13 million in new venture capital funding and a newly hired CMO. To obtain funding, Madison Reed upped their game on several fronts, including airing QVC spots and debuting a chatbot and a storefront dubbed the Madison Reed Color Bar in New York City.

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Tesco Veteran Simon Belsham Takes The Helm At Jet.com

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A press release announcing Landsman’s new role explained that she will be focusing on “consumer technology and commerce” and will be based in the company’s New York City office. “I The move comes less than 18 months after Walmart acquired Jet.com for $3 billion.

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Space In Lord & Taylor Flagship Store In NYC Sold To WeWork

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WeWork, a New York-based company providing flexible, coworking workspaces, has inked a deal to acquire space in department store chain Lord & Taylor’s flagship Manhattan location for $850 million. According to a report in Fortune, the deal will lower HBC’s debt levels and give WeWork a new headquarters in New York City.

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Kasisto Lands $17M, Plans Expansion

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In a press release , Kasisto said Oak HC/FT led the fundraising round, with participation from existing investors Propel Venture Partners, Two Sigma Ventures, Commerce Ventures, Mastercard and Partnership Fund for New York City. AI’s adoption in financial services has continued at a rapid pace.