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Ascena Retail Group Considers Bankruptcy Filing

PYMNTS

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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Retail Rental Payments Make Comeback

PYMNTS

Retailers are starting to pay the rent. The report is confirmation that reopened retail stores are generating revenue despite high unemployment and regional pandemic spikes. The biggest gain came from free-standing retail, which increased 12.1 He is also counseling his tenants to work on their digital marketing.

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The Helpful Robots Of Automated Retail

PYMNTS

High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless.

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COVID-19 Spikes Hinder Retail Recovery

PYMNTS

Back in late March when the pandemic first started to lock down retailing, PYMNTS published the first in a series of tracking reports showing clear evidence that the overwhelming factor in economic recovery would be one thing: COVID-19 and the ability to mitigate its effects. Again, that scenario is playing out this week. percent increase.

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Today In Retail: Walgreens Pharmacy USA Registers $27.2 Billion In Sales; Bed Bath & Beyond Almost Doubles Digital Sales

PYMNTS

In today’s top retail news, Walgreens Boots Alliance, Inc. reported that its Retail Pharmacy USA segment had $27.2 Walgreens Retail Pharmacy USA Reports $27.2 reported as part of its Q1 fiscal 2021 earnings that its Retail Pharmacy USA segment had $27.2 Billion In Sales. Walgreens Boots Alliance, Inc.

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Back-to-School Retail Meets Digital 3.0 FIT Framework

PYMNTS

The retail industry is facing its first sales event of the pandemic with the coming of back-to-school sales. The projections were led by the National Retail Federation (NRF) this week, as it foresees record sales for back to school. At the very least, retailers need to depend on eCommerce sales in the states where the virus is raging.

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Where Do Humans Fit Into Automated Retail?

PYMNTS

The global retail automation market is expected to exceed more than $19.5 The next five years will see rapid growth of the automation market, but what’s driving this and which industries are seeing the greatest uptake? Consumers are mixed on automation and self-service in retail and other settings. Inventory Automation.

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