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Express Inc. Net Sales Drop 53 Pct Amid Pandemic

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reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 Additionally, Express said it decreased its forecasted yearly capital expenditures by roughly $25 million.

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The Limited Brand’s Days Could Be Limited

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After disappointing third quarter financial numbers, clothing retailer The Limited may be be going in another direction. The Limited Stores told Internet Retailer in a statement: “After a detailed and thoughtful review, management has made the difficult decision to separate a number of associates at the company’s headquarters in New Albany.

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Whole Paycheck Tracker: Accelerating Automation To Capture Consumer Spend

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Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. The move comes as cities and states are passing bans on cashless retail establishments, on the argument that such retail discriminates against unbanked consumers.

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Peapod And Alexa Deliver Greater Grocery Ordering Convenience

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The beauty of online grocery shopping is that you can add to your order throughout the week and at the very moment you remember that you need something,” said Cat de Merode, Peapod’s vice president of product. Oklahoma’s Jumbo Foods rolled out its online shopping and pickup service this week.

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Hard Knocks Edition: MCX, EMV And Square

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Utilizing unique feedback from the marketplace and our Columbus pilot, MCX has made a decision to concentrate more heavily in the immediate term on other aspects of our business, including working with financial institutions, like our partnership with Chase, to enable and scale mobile payment solutions.

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