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Lord & Taylor Joins Retail Bankruptcy Watch

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The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

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US eCommerce Up 49 Pct; Curbside Pickup Soars 208 Pct Since April 1

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Dozens of retailers, from Dick’s Sporting Goods to Walmart , have added contactless shopping services, and it’s caught on. The number of orders placed online and picked up at stores surged 208 percent between April 1 and April 20 compared to a year ago, according to Adobe Analytics, CNBC reported. Last week, Texas Gov.

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How QSRs Are Driving Retail Innovation Via Emerging Tech

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Retail innovation comes from various places – and for the new decade, that includes quick-service restaurants (QSRs), the site of massive technological change. According to a new study from the National Restaurant Association and Technomic, 22 percent of consumers used kiosk ordering last year.

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J.Crew Joins The Pandemic Bankruptcy Perp Walk

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The great retail re-opening is now being called the “great resettling” by many observers and J.Crew is its latest victim. According to several sources the preppy retail chain has been negotiating with its lenders since it canceled plans to take its Madewell subsidiary public. It had slashed prices by 60 percent online this week.

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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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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

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The financial institution said per the report that it would shutter approximately 100 locations throughout the nation, which would shrink its domestic offices to roughly 400. The company has opened a minimum of 13 “solutions centers” in places such as Nashville, Tennessee and Dallas that provide an alternative to the usual bank office.

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Kroger Earnings Preview: Watch For Subscription Services

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Several reports say the new service is being tested in Dallas and Southern California, and could be rolled out nationally to include more loyalty perks, possibly tying in gasoline. households were active online grocery customers. Cumulatively, these have been aiding identical supermarket sales.”. million U.S. million households.

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