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Today In Retail: CarLotz Looks To Launch Hub Network; Build-A-Bear Anticipates eCommerce Jump

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In today’s top retail news, CarLotz, Inc. Plus, retail rents have fallen to historic lows in the Big Apple amid the coronavirus pandemic. Retail Rents Plummet In NYC As Vacancies Rise. unveiled plans to launch a nationwide hub network, while Build-A-Bear Workshop, Inc. CarLotz Plans Rollout Of US Hub Network.

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Post-Toys R Us, Retailers Vie For Experiential Toy Shoppers

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Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. Retailers Step up Toy Selection. In the U.K., That is, a place that lets consumers try out products.).

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Bankruptcy Wave Hits Whole Foods Competitors

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It would make sense that the supermarket business might be immune from the cross-currents of retailing in 2020. Three regional players in the organic food retail business — where Whole Foods and parent Amazon rule — have declared bankruptcy over the past month. based natural foods retailer is the third significant U.S.

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Local Governments Move In On Retail Vacancies

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It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. In fact, last week, it was announced that the building would be the new home of the Milwaukee School of Engineering’s K-12 STEM program. Backers of the tax position it as a solution to the increasing amount of empty retail space in the city.

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Digitally-Native Retailers Are Turning To Brick-And-Mortar Stores

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Just because a retailer was created for the internet doesn’t mean it has to stay on the internet. Digitally-native retailers, such as thredUP , are turning to brick-and-mortar stores to reach consumers, too. thredUP, though, works a little differently from traditional retailers. by the end of 2018, CNBC reported.

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Paytm Seeks BigBasket Partnership To Take On Flipkart, Amazon

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India-based eCommerce marketplace Paytm Mall wants to work more closely with regional retailers and team up with eCommerce grocery service BigBasket to compete with Flipkart and Amazon, according to recent Reuters reports. It is currently the third-largest company competing in the country’s retail space. “We

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The Millennial-Driven Evolution Of Jet.com

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To get more millennials on board, the Bentonville, Arkansas-based retailer is rolling out offerings designed to attract younger, well-to-do consumes in urban areas. Its city of focus as it battles with Amazon for the coveted upscale, younger, city-dwelling consumer? cutoff for same-day deliveries.