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Today In Retail: Resale Company StockX Lands $275 Million For Growth; Rite Aid Reports 12 Pct Revenue Increase

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In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. StockX has notched $275 million in a Tiger Global Management-led Series E funding round. Rite Aid Reports 12 Pct Rise In Revenues.

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Holiday Shopping Could Take Hit As Presidential Election Results Drag Out

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Sizable blocks of absentee or mail-in ballots remain to be counted in such key states as Pennsylvania, Georgia and Arizona as of Wednesday afternoon, with the count in the Keystone State not expected to be done until Friday, if not later.

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Telltale Signs: Warehouse Leasing Vs Retail Leasing

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It’s a good time in America to have a retail space ready to rent out — eCommerce merchants are on the hunt and signing large contracts. The supply chain arms race is as competitive as it’s ever been,” said Adam Mullen, CBRE’s senior managing director of industrial and logisitics, Americas leader. “The

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Taking Stock Of What’s In Stock With Retail Robots

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Here’s a rule of thumb in brick and mortar retail: Out of stock, out of a sale. In retail, robots are making inroads bit by bit. It was retail that percolated to the top,” he said. If the inventory that customers want isn’t there, or cannot be found, well, they’ll go on to the next store, or click their way through Amazon.

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Retail Pulse: Walmart Provides Health Career Path; Inspire Brands To Buy Jimmy John’s

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Brick-and-mortar retailers are expanding their efforts to provide customers with health and wellness services while taking steps to train their employees for healthcare roles. The retailer’s 1.5 million U.S. associates can now apply for two career diplomas or one of seven bachelor’s degrees. billion to $43.6 billion for fiscal 2020.

Branding 101
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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

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Handelsbanken is reportedly among the top advocates in Europe for the importance of keeping brick-and-mortar locations and is renowned for its “church spire principle” through which an office manager should have the capacity to view all their clients from a tower’s apex. In the U.S., The bank indicated the decision would save a forecast $4.3

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Retailers Look To Digital Technologies After Beating The Street

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Retailers and retail landlords are reporting strong first-quarter earnings results, beating analysts’ expectations in many cases. Management noted on the conference call with analysts following the earnings report that there was a “positive comp gap” between the company and quick-service restaurant peers of as much as 270 basis points.

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