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Brookfield Asset Earmarks $5 Billion To Help Struggling Mall Retailers

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“We believe this is a critical component to getting the economy moving again, and we would like to partner with companies and entrepreneurs that can draw on our capital and expertise to stabilize and grow their business,” Bloom said, according to CNBC. Last year, over 9,000 retail stores closed in the U.S.,

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Luxury Brand Barneys New York Seeks Bankruptcy Protection

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Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . It’s also dealing with a massive rent hike at its headquarters which sent it frantically searching for a buyer. .

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Macy’s Spotlights Women-Owned Businesses With SoGifted

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Macy’s is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses, Macy’s said in a press release on Thursday (Dec. The retailer is opening SoGifted shops in its flagship Manhattan store and six other locations. Lauderdale.

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High Times Plans Brick-And-Mortar Locations

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As it moves into the business of cannabis retail and hangs out its shingle in the industry, High Times is opening its own brick-and-mortar stores this year. announced it would be bringing a flagship retail store to Los Angeles and Las Vegas. Hightimes Holding Corp. Marijuana is legal in 11 states in the U.S.

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Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop

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Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. The company said it is “in a unique position to capitalize on the convenience of drone delivery if and when it should expand.” Walgreens Boots Alliance, Inc. That effort is part of the U.S.

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Retail Pulse: True Food Drives Menu Innovation, LVMH Agrees To Buy Tiffany & Co

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True Food Kitchen , in one case, has created its menu around recipes that Dr. Andrew Weil inspired with anti-inflammatory ingredients and is mulling raising new private capital, Bloomberg reported. And True Food is opening its first juice as well as cocktail bar next year in Las Vegas to be known as True Bar.

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Amazon Says Go Stores An Early Hit With Customers

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“The ones who work very close, like in the building up above, will come down even just to grab a drink because it’s so fast and easy,” said Amazon Go Vice President Gianna Puerini according to Reuters , at the ShopTalk eCommerce conference in Las Vegas, offering a rare glimpse into a very new retail format for the commerce giant.

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