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Today In Retail News: Philadelphia Mall Reopens, Ralph Lauren Cuts Workforce

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In today’s top retail news, Philadelphia Real Estate Trust reopens its newest property, Ralph Lauren cuts its workforce and Mall of America offers space to local businesses. Philadelphia Mall Owner Takes Care Of Its Own. Mall of America To Provide 'Community Commons' For Local Companies.

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Philadelphia Mall Owner Takes Care Of Its Own

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There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. But apparently they’re doing something right in Philadelphia. Caught in the middle of this customer squeeze are real estate investment trusts (REITs).

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JPMorgan Bucks The Trend, To Open 50 New Branches In Philadelphia

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CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. in an effort to strengthen its retail business. JPMorgan is the largest U.S.

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Taking New Approaches To Retail Stores And Faster Payment Models

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Data: 2020: The year that Anchor Shops, with a retail store and a fulfillment center, is set to open. 12: Number of additional stores that Anchor Shops hopes to build in the Philadelphia and New Jersey region. Data: 2020: The year that Anchor Shops, with a retail store and a fulfillment center, is set to open.

Retail 132
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Philly Mall Owner Sets The Tone For Digital 3.0

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A Philadelphia-based mall owner is taking a proactive approach to the digital shift and back-to-school shopping. PREIT (Philadelphia Real Estate Investment Trust) is curating its first eCommerce offering in what it says is a unique avenue to engage consumers from a multi-retail perspective.

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Retail 2020: Looking Back On D2C Brands

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The first were the Pepsis, Heinzes and Krafts that either didn’t like their retail distribution or saw a pandemic-driven opportunity to get new products in new configurations to the consumer. After receiving a round of funding from an angel investor, Green Goo has hired regional sales executives and a marketing team.

Branding 162
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Reinventing Retail’s ‘Anchor Store’ For The Omnicommerce Age

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That Amazon is a widely lionized yet simultaneously imitated force in retail is not surprising. Ever since Amazon introduced a one-click checkout, a loyalty program that people willingly paid for, two-day shipping that has compressed to same-day delivery, attempts at reinventing retail by everyone in it have been never ending.