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Today In Retail: Past Macy’s CEO Anticipates More Store Closures, 46 Pct Of Americans Plan To Travel For December Holidays

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In today’s top retail news, former Macy’s CEO Terry Lundgren said he anticipates more store closings next year, while about half of Americans intend to travel for the December holidays amid the pandemic. Past Macy's CEO Foresees More Retail Store Closings In 2021. Past Macy's CEO Foresees More Retail Store Closings In 2021.

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VR Startups Create Entertainment Locations In Old Retail Space

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Virtualities, the company that runs virtual reality theaters and arcades, has been opening up locations in strip malls and retail space that are being abandoned due to the move toward online shopping. The Void, another VR entertainment company has a VR park in Lindon, Utah which combines a physical set with VR film experiences.

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Supermarkets Hoard Staples For Holidays, COVID Resurgence

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Associated Food Stores , a Salt Lake City, Utah-based cooperative that supplies supermarkets, said it has started to build what it’s calling “pandemic pallets” of sanitizing products so its warehouses will be fully stocked, Darin Peirce, vice president of Retail Operations, told WSJ. “We “That’s earlier than we ever have.”.

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Amazon Plans Whole Foods Expansions In Closed Sears Stores

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The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. that the company is visiting sites of now defunct retail spaces. For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Sources told Yahoo!

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Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

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Our office continues to aggressively monitor this market to protect fair competition for consumers, authors, and other eBook retailers,” Mr. Tong said in a statement, per WSJ. Amazon had a 76 percent market share of all eBooks sold in the U.S. in September, according to Codex Group data, per the WSJ.

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Lease-To-Own Business Fueled By Acima Acquisition; Company Boasts Triple-Digit Growth

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21) that its acquisition of a virtual provider of similar plans will accelerate its omnichannel growth strategy and make its alternative financing method available to more retail partners and more credit-constrained customers. For its part, Acima has been playing — and growing — in the lease to own (LTO) market since 2013.

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Walmart Unveils Family-Focused Fall Event Series

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"For many of us, football tailgates and Halloween parties are cornerstones of a great fall season,” Walmart Chief Marketing Officer William White said in the announcement. The retailer noted that children and parents are invited to attend in costume. The retailer noted that children and parents are invited to attend in costume.

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