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COVID Retail Update: Mall Group Asks For Bailout

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For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. The shopping center industry in the U.S. Add closures across the U.S.

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Retail Pulse: The Price Must Be Right

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It’s been a week of experimentation in retail, with many big names opening new types of stores to — as the saying goes — see what sticks. It seems more likely that these brands will uncover their key rather than some universal master retail key that can solve the brick-and-mortar challenge across the board.

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Century 21 Department Stores' Intellectual Property Up For Sale

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The Century 21 brand provides a trusted destination for name brand apparel, accessories, home goods and more,” Hilco Streambank Executive Vice President David Peress said in the announcement. Offers to buy the retailer’s intellectual property assets have to be in by Nov. 16, and an auction is scheduled for Nov.

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Amazon Is Building A Traditional Supermarket In LA

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Reports from Seattle and California say the company is adding a new format and expanding beyond its Amazon Go and Whole Foods brands. Although Amazon hasn’t commented, the strategy seems to be aimed at getting Amazon aligned with a more mass market customer segment than its other retail brands. billion in 2019.

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Goldman Leads $50M Funding For Credit Card Startup Deserve

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Deserve offers credit cards to nontraditional consumers and sells its cloud-based platform to companies wanting to launch their own branded cards. In October , Deserve partnered with the New Jersey Institute of Technology (NJIT) to offer a branded card to its student body and alumni. “We

Cards 101
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The Year Of The Pop-Up Shop

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cities this year, with big brands testing retail concepts “in real life” with temporary spaces. And, in some cases, brick-and-mortar retailers brought these concepts to their sales floors with their own takes on pop-up shops. Big Brands Turn To Pop-Ups. Pop-up shops welcomed consumers in malls and major U.S.

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Mall Now A Four-Letter Word For Some Operators?

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In one interview with the WSJ , Will Voegele, who serves as senior vice president at Forest City Enterprises, said that “retail, especially in the context of mixed-use projects, is as much about place, experience, entertainment, wellness and community as it is about shopping, and the word ‘mall’ doesn’t fully embody those qualities.”.