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Fashion Retailer rue21 Strikes Deal To Retire Debt

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Fashion retailer rue21 (r21 Holdings, Inc.) Today is an exciting day, as we've accomplished our goal of putting rue21 on a secure financial footing in the most unprecedented of times," rue21 Chief Financial Officer Michele Pascoe said in an announcement. million members.

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COVID Retail Update: Mall Group Asks For Bailout

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For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. β€œFor For retailers, this is now about near-term survival.”.

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Making The Case For Cash In Unattended Retail

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households, retailers that enable digital payments while dropping cash are less than convenient. Unattended retail operators are taking a fresh look at keeping cash acceptance on the menu to appease lawmakers who recently issued legislation intended to ensure the inclusion of unbanked residents. A round the Unattended Retail World.

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Major Retailers Brace For Gift Card Fraud

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The moves were announced by the attorneys general of Pennsylvania and New York, Reuters reported. By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement.

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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

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These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. Retailers in high-tax states have largely not been able to build themselves up or expand online beyond their local markets to the same extent, Rogers said. .

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

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Securities and Exchange Commission (SEC) filing per the outlet. And Pennsylvania-based Northwest Bank announced the closure of 40 branches throughout its portfolio, YourErie reported. The closings comprise approximately one in five of the firm’s branches in New York, Pennsylvania, Indiana and Ohio.