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JCPenney Makes Debt Payment, But Still Risks Bankruptcy

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Struggling retailer JCPenney , which is reported close to seeking Chapter 11 bankruptcy protection, disclosed that it’s paid roughly $17 million in interest on a senior secured term loan credit facility to avoid a default, but that it’s still considering “certain strategic alternatives.”

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Five At Five: Walmart’s New Latin American eCommerce Play

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Coverage includes a Walmart acquisition and the rise of local brands in China. The retail chain will pay $225 million for Cornershop, which has seen its number of unique users double in the past 12 months. Shoppers are showing a preference toward local brands. Walmart Buying Cornershop t o Boost Presence i n Latin America.

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Mall Vacancy Rate Reaches 20-Year High Of 9.7 Pct.

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Although earlier reports of a retail apocalypse were overstated at first, the latest statistics seem to indicate “that the scales may have tipped,” said Barbara Denham, senior economist at Reis. percent with the 2001 recession and hit 9.4 Overall retail sales from Nov. Gap and Victoria’s Secret also announced closure plans.

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Retail Pulse: Williams Sonoma Opens, Closes Doors

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More retailers are adopting the view that closing stores isn’t a failure or a loss, but simply a pathway to greater success. Seeking Alpha dove into the details, noting first and foremost that revenue per share has risen steadily between 2001 ($18.23) and 2017 ($63.21), with the exception of two years during the Great Recession.

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More Than 50K Amazon SMB Sellers Tally $500K+ In 2018 Sales

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Amazon Stores, a program that lets Amazon sellers curate pages for their brands and products, has helped more than 50,000 small and medium-sized businesses (SMBs) do more than $500,000 in sales across the globe in 2018, the company announced on Friday (Jan. Amazon allows us to reach new customers across the U.S.

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The Changing Face Of Retail In Times Square

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billion annually in retail, entertainment and hotel sales. It’s also the city’s second most valuable retail real estate, behind only Fifth Avenue from 49th to 59th street, according to the Real Estate Board of New York (REBNY). Retail real estate in Times Square rents for $2,363 a square foot. That amounts to $4.8

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How Gift Certificates Evolved From Paper To Wearables

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A few decades later, Neiman Marcus started distributing gift cards, but the retailer took a page from the 1930s department store playbook: It kept the cards out of sight and only sold them as novelty items. In the early 2000s, another retailer experimented with gift cards. Between Nov. The Future Is Wearable?

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