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After months spent staying home and social distancing, it’s likely that basic sweatpants and PJs are beginning to feel a bit boring. Fortunately, there’s a knit maxi dress out there that’s every bit as cozy and comfy as a pair of lounge pants, but a whole lot sexier, thanks to its clingy fit, open back …
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PARIS – Carrefour and Google said on Tuesday they were launching a voice-based grocery shopping service in France as part of the French retailer’s ambition to accelerate its expansion into food e-commerce. The service works via Google Assistant — a digital voice assistance service on smartphones and other devices — and is part of a …
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LONDON — Long lines stretched along streets across England as shops selling items considered as nonessential during the coronavirus pandemic, such as sneakers and toys, welcomed customers on Monday for the first time since the U.K. was put into lockdown in late March. Starved of the retail experience for the best part of three months, …
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Walmart has partnered with Canadian e-commerce firm Shopify, as the world’s biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping. US and Toronto Stock Exchange shares of Shopify, which have doubled in value this year and briefly made the company the most valuable Canadian company …
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The nation’s biggest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry. It is the second major retail deal signed before the virus hit the US to crumble. The sale of Victoria’s Secret to a private equity group fell apart last …
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The US could see 20,000 to 25,000 store closures as coronavirus-spurred joblessness and sheltering in place have decimated brick-and-mortar retail sales, according to stats released Tuesday. Coresight Research’s data also indicate that 55 percent to 60 percent of the unlucky retailers reside in malls. It’s sobering news for physical retailers of all locations, given that …
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The Neiman Marcus store at Hudson Yards is being eyed for office space. Opened barely a year ago at the swanky mega mall it anchored on Manhattan’s West Side, the bankrupt luxury retailer is considering closing the store for good while its landlord shops the three-story, 188,000-square-foot space to office tenants, according to reports. Related …
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Macy’s said on Tuesday its 450 reopened stores were performing better than expected, giving some respite for the department store chain that reported nearly $1 billion in quarterly operating losses due to COVID-19 lockdowns. The company’s shares rose 12 percent in premarket trading, a day after Macy’s said it had raised $4.5 billion to navigate …
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Fashion and beauty brands are stepping up to the plate and supporting Black Lives Matter. While many have posted messages of support amid the global protests following the deaths of George Floyd and Breonna Taylor, activists and fans are calling on companies to put their money where their mouth is. See below for a list …
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The nation’s biggest mall operator is suing its largest tenant for not paying rent during the pandemic in what could be the beginning of a torrent of litigation over rent payments. Simon Property is suing the owner of Banana Republic, Old Navy and The Gap for $66 million in back rent and other charges related …