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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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Cardtronics Revenue Jumps In Second Quarter Thanks To Acquisitions

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ATM owner and operator Cardtronics announced news on Wednesday (August 2) of a 19 percent increase to $385.1 During Q2, Cardtronics reported ATM operating revenues of $373.3 Harris Teeter, a subsidiary of The Kroger Company, operates more than 240 stores across seven U.S. million, up 20 percent from $311.3 million ($90.9

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Toys“R”Us Locks Down $3.1 Billion In Financing

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Toys“R”Us has just managed to secure $3.1 billion in financing, a big vote of investor confidence for the toy and game retail brand which had recently declared bankruptcy. 18, 2017, with an overall goal of restructuring its operations and substantial outstanding debt, Chain Store Age reports.

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Retail Pulse: Toys R Us Returns With Small Retail Stores

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The parent of the Toys R Us brand, Tru Kids , plans to bring stores under the legendary name to the United States for the 2019 holiday season. Tru Kids has entered into a joint venture with the software-powered experiential retailer b8ta to offer a new store experience with curated toys in “highly immersive, smaller-format spaces.”.

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Upscale Retailers Embrace ‘Clienteling’ To Stay Connected

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New York City fashion boutique Nili Lotan has a client list that reads like the front row at Fashion Week (back when such events were still held). With the pandemic, clienteling has gone decidedly upscale, with brands like Salvatore Ferragamo and Harrods kicking up new practices just over the past few weeks.

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Is The US On The Verge Of A Contactless Surge?

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When contactless payments started gaining traction in the mid-2000s, there were rampant fears about security. But EMV chip cards are more secure than magnetic stripe transactions, and newer versions of contactless cards use EMV. JPMorgan Chase will roll out new Visa-branded contactless EMV cards this year. In the U.S.,

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Ex-QVC Executive Gets 2.5 Years In Prison For Defrauding Company

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CNBC said The Steinberg Group , which operates under the name dOMAIN, and a production management company in New York City agreed to submit altered invoices and bills to hide the scam. Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam.

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