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Nordstrom Shutters Oregon Store As It Pushes To Go Private

PYMNTS

Nordstrom is making the rare move to shut down a full-line department store in Salem, Oregon, a decision that will likely cost about 130 workers their jobs. The company operates roughly 360 brick-and-mortar stores today, more than 200 of which include its off-price brand, Nordstrom Rack. Store closure announcements in the U.S.

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Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce

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Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in 2017. Among executives leaving the company are its chief marketing officer, chief people officer, vice president of operations and vice president of engineering, according to the report.

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Restaurant Operator Blames Bankruptcy On Wage Hike

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an eatery operator with 35 restaurants, has filed for bankruptcy and is blaming the misfortune on a recent minimum wage hike in court filings, according to a report by Bloomberg. As a large employer in the Seattle metro market, for instance, the company was one of the first in the market to be forced to institute wage hikes.”.

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7-Eleven Launches Beer Delivery In Select US Markets

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Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” Customers can place their beer orders via the 7Now app.

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Fabletics Announces Brick-and-Mortar Expansion

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With the brand’s proprietary digital platform and 1 million-member base in place, Fabletics said it uses deep customer insights and enhanced market data to determine the most strategic locations for its retail locations. Less is more,” Dustin Netral, SVP of operations for Fabletics, said in a press release.

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For This Startup, Scale Was A Matter Of Necessity

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Well, according to Cofounder and CEO Eric Breon, scaling was a matter of necessity when Vacasa first started out because rental homes were illegal in the company’s home turf of Portland, Oregon, in all but commercial areas (which greatly limited the company’s initial reach). Italy, Spain, Belize and Chile.

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Reinventing The Baby Care Market With Exclusive ‘Premium’ Brands

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It is the accessibility center — we grew up in Detroit and have family in Ohio and Oregon,” Bell told WWD. And in terms of the bigger picture, Statista data indicates that the baby care market is expected to rise above a projected $11.4 The Market For Premium Brands. It’s a one-stop-shop. billion in 2018 to $13 billion in 2021.

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