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What Overcoming Inertia Tells Us About The Future of Physical Retail

PYMNTS

For physical retail, the pandemic was simply the force that accelerated a decline that had started in 2014 — one that inertia had masked for all of the years up until now. That month, the Commerce Department reported that January sales at clothing stores had declined the most since 2009. A Long Time Ago … In January 2020.

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UK Agencies Paint Stark Reality For Retail

PYMNTS

retail picture is bleak in this time of COVID-19. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. These are extraordinary times for the retail sector. retailers are not ready for digital transformation.

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Branches more important than apps?

Chris Skinner

For example, it shows that the UK retail banking market place has become a dull playground thanks to mergers and acquisitions over the past half century: As a result, the six large banking groups held an 89% market share of the current account market. Anyways, there is some key metric data in the report.

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The Compliance Beast Of Food Retail Supply Chains

PYMNTS

This is true for any industry, but perhaps even more so in the food retail space, where regulations can be as much about public health and safety as they are about money laundering and fraud. food retail market with the adoption of the Food Safety Modernization Act (FSMA), introduced by legislators in 2009 and signed into law in 2011. .

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Eddie Bauer And Pacific Sunwear Combined In New Operating Company

PYMNTS

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. Golden Gate acquired Eddie Bauer out of bankruptcy protection in 2009 with a cash bid of $286 million.

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Why Rent The Runway Wants To Become The Amazon Prime Of Retail

PYMNTS

A decade ago, the concept of building a retail operation around shopping in other people’s closets was something of a hard sell. We were kind of the original disruption in the fashion retail space, as it brought the concept of sharing a closet to the forefront in 2009.

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What’s The Future For NBA-Related Retail In China?

PYMNTS

“Tencent has been the digital media partner of the NBA in China since 2009. These moves come amid a push by China to encourage more cross-border commerce and retail. Earlier this month, Alibaba announced a deal to buy NetEase’s cross-border retail platform Kaola for $2 billion. China’s Commerce Push. Alibaba Changes.

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