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Ascena Retail Group Considers Bankruptcy Filing

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With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

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7-Eleven Launches Beer Delivery In Select US Markets

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Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” Customers can place their beer orders via the 7Now app.

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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

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Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

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Singapore Becomes Hub For Tech Giant Rivalries As Amazon Expands

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Amazon is expanding its operations in Singapore as it grapples with growing competition in a city that is fast becoming a hub for Chinese tech giants and others looking to expand across Asia. The world’s largest retailer is also on a hiring binge in Singapore.

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Retail Pulse: Domino’s Opens 10,000th International Store; McDonald’s Buys Dynamic Yield

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American quick-service restaurants (QSRs) are growing in markets around the world that are thousands of miles away from the United States. As it stands, the quick-service pizza chain has more than 15,900 stores in over 85 markets around the world and over half of its global retail sales are through international locations.

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Healthcare Disruption Brings More Impact To The Retail World

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In the meantime, the digital, mobile, delivery and other innovations that are taking place in this sector are also promising to impact retailers and the consumers who shop not only with mom-and-pop stores but with the bigger chains. The latest example of that comes from one of the biggest retail chains out there — Walmart.

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Battle For Pet Retail Dominance Gains Fresh Fuel

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Walmart is the latest example of the power of pets in retail — a power that is having significant influence among various merchants competing for the loyalty and dollars of pet owners. As well, if done well, pet retail can serve to increase foot traffic into bricks-and-mortar stores at a time when it is dearly needed.

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