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Related Co Chair: Many SMB Retail, Restaurants ‘Don’t Have The Wherewithal To Reopen’

PYMNTS

said bankruptcy could be the future for many retailers as the effects of the pandemic continue to play out. Ross, speaking with CNBC on Tuesday (May 26), said retail and hotel industries were the hardest-hit by the pandemic, and the closures and reduced travel would force closures and bankruptcies beyond those like J.C. And as for J.C.

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Retail Pulse: DSW Expands In-Store Experiences; L Brands Plans Store Closures

PYMNTS

Brick-and-mortar fashion retailers are developing in-store experiences to encourage customer loyalty. markets, aiming to generate repeat visits as part of its experiential retail efforts. The retailer, which has 1,143 stores globally, closes an average of around 15 stores annually. Austin, Texas; and Dublin, Ohio.

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Retail Pulse: The Price Must Be Right

PYMNTS

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.

Retail 100
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Gwynnie Bee Offers Subscription Services For Traditional Retailers

PYMNTS

Gwynnie Bee , a subscription service offering women’s clothing for rent, is launching a new technology platform that allows traditional retailers to offer their own subscription clothing rental business. With CaaStle, retailers send Gwynnie Bee their inventory, and the platform takes care of everything else.

Retail 100
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Huntington CTO to retire

BankInovation

Heller has built the technology operations throughout the $187 billion, Columbus, Ohio-based bank since 2012, according to a Jan. Huntington Bancshares Chief Technology and Operations Officer Paul Heller is set to retire March 1. 10 bank release. As Heller retires, the bank’s executive team is getting an overhaul.

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Express Inc. Net Sales Drop 53 Pct Amid Pandemic

PYMNTS

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 As it took “decisive actions” to maintain liquidity, Express Inc. million in Q1 2020 from $451.3

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Related’s CEO Predicts People Will Go Back To Offices Before Malls

PYMNTS

I think retail is going to be a second step. I think retail is going to be much slower to come back. Blau noted that retail centers would reopen following COVID-19 pandemic subsidies “weeks past” the reopening of commercial offices. “My guess is we go back to offices first,” Related Companies CEO Jeff Blau recently told CNBC. “I

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