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Today In Retail: UK Merchants Brace For Lockdown, Mall Groups File For Chapter 11 And Brands Will Be Big This Holiday

PYMNTS

The top stories today in retail include merchants in the U.K. the mall companies, Philadelphia-based PREIT and Tennessee-based CBL & Associates both announced they would be filing for Chapter 11. Nonessential retail can only remain open for delivery and curbside pickup. While in the U.S.,

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Kroger, Walgreens Pool Resources In Retail Procurement Alliance

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Kroger and Walgreens are expanding their partnership to create a new group purchasing organization (GPO) called the Retail Procurement Alliance, which will pool resources to cut costs and advance innovation, the companies said in a press release on Wednesday (Dec. trillion market. “It The food industry is a $1.5

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Walgreens And Kroger Widen Retail Partnership

PYMNTS

With an expansion of a retail partnership between The Kroger Co. and Walgreens Boots Alliance, a Kroger Express grocery assortment and the Kroger Pickup service will come to 35 Walgreens locations in the Knoxville, Tennessee market. ” The report comes as news surfaced in December of last year that The Kroger Co.

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Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

PYMNTS

Our office continues to aggressively monitor this market to protect fair competition for consumers, authors, and other eBook retailers,” Mr. Tong said in a statement, per WSJ. Amazon had a 76 percent market share of all eBooks sold in the U.S. in September, according to Codex Group data, per the WSJ.

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Retail Labor Shortage Concerns Deepening

PYMNTS

A good economy is good news for retailers in a variety of regards. But for retailers going into the holiday season 2016, a good economy is creating yet another headwind for physical retailers who’ve spent much of the year being buffeted constantly by market pressures. percent in August, a drop from 5.1 ”

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Digitalization allows U.S. Bank to expand reach

BankInovation

Bank’s investment in digitalization has enabled it to reach beyond its branch network as it plans to expand to seven new markets. The $668 billion bank is expanding to Arizona, Florida, Georgia, North Carolina, New York, Texas and Tennessee, according to its presentation at the BancAnalyst Association of Boston Conference on Thursday.

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Retailers Look To Digital Technologies After Beating The Street

PYMNTS

Retailers and retail landlords are reporting strong first-quarter earnings results, beating analysts’ expectations in many cases. billion, according to news from Retail Dive. In some cases, the retailer is demolishing existing stores to create new uses of the land. billion on Friday (April 27).

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