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+9 +1
More retailers file for bankruptcy twice as they struggle with rising debt, pressure from Amazon
Over the years, numerous retail chains have filed for bankruptcy protection twice. Examples include Barneys New York, RadioShack, Wet Seal and American Apparel.
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+15 +1
Manson’s last grocery store closing | News, Sports, Jobs - Messenger News
MANSON — Grocery shoppers are making their final purchases at Heartland Market this week, as Manson’s only grocery store closes. The market that has been
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+14 +1
Why Trump's Tariffs May Ruin Black Friday
Take note, shoppers. While the holiday season is traditionally the best time of year to make your tech purchases, the ongoing trade war with China is throwing everything on its head.
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+3 +1
Fred's to close all of its stores in Chapter 11 bankruptcy liquidation
Discount merchandise retailer and pharmacy chain Fred's filed for Chapter 11 bankruptcy Monday with plans to close all of its stores.
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+3 +1
Robots are working retail jobs at Walmart now
Back in 2017, Walmart launched a pilot project that made some of its old-school brick-and-mortar retail stores seem like futuristic testbeds. The chain began trialing robots that could scan shelves to make sure items display the correct price and that they’re in stock, a test that started out in 50 stores.
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+24 +1
Amazon Wants to Rule the Grocery Aisles, and Not Just at Whole Foods
In early 2017, a memo circulated inside Amazon that imagined an ambitious new grocery chain. The document was written like a news release, a common practice for ideas being weighed inside the company, with the title “Grocery Shopping for Everyone.”
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+33 +1
Making a crust: Tesco to use unsold bread in new products
Britain’s largest supermarket chain is launching a drive to reduce food waste from bread by turning unsold baguettes and batons from its in-store bakeries into new products. Surplus bread is one of the biggest waste problems for food retailers, according to the government’s food waste adviser Wrap, particularly from freshly baked lines which have a short shelf life.
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+32 +1
Apple says go to Best Buy for repairs. A Best Buy salesman gave me the bad news
Apple says it has expanded its authorized service network to 1,000 Best Buy stores. A visit to a Best Buy, however, reveals some of the catches. They're quite big.
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+14 +1
Walmart uses AI cameras to spot thieves
US supermarket giant Walmart has confirmed it uses image recognition cameras at checkouts to detect theft. The cameras identify when items are put in a shopping bag without first being scanned by a cashier, or at the self-service checkout. Walmart told the news site Business Insider than it used the technology in more than 1,000 stores.
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+7 +1
All of Best Buy's Nearly 1,000 Stores Now Offer Apple-Certified Repairs in the United States
Apple today announced that every Best Buy store across the United States now offers certified repairs and service for Apple products. The electronics retailer already serviced Apple products at about 225 stores and now does so at all of its 992 stores nationwide, according to Reuters, which is good news for customers who reside in states without any Apple Stores, including Montana, North Dakota, South Dakota, Vermont, West Virginia, and Wyoming.
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+17 +1
New Apple Store design changes prioritize a straightforward shopping experience
Apple is evolving its in-store shopping experience with signage and display fixtures that remove ambiguity and encourage increased hands-on interaction with products. New designs that have been spotted in multiple locations reflect the changing requirements of busy stores and appear to address common customer needs.
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+7 +1
After the Retail Apocalypse, Prepare for the Property Tax Meltdown
Kraig Sadownikow doesn’t look like an anti-corporate crusader. The mayor of West Bend, Wisconsin, stickers his pickup with a “Don’t Tread on Me” snake on the back window, a GOP elephant on the hitch, and the stars-and-stripes logo of his construction company across the bumper.
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+29 +1
Algorithms Are Maximizing Profits By Colluding To Keep Prices High
Have you ever searched for a product online in the morning and gone back to look at it again in the evening only to find the price has changed? In which case you may have been subject to the retailer’s pricing algorithms. Traditionally when deciding the price of a product, marketers consider its value to the buyer and how much similar products cost, and establish if potential buyers are sensitive to changes in price. But in today’s technologically driven marketplace, things have changed.
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+8 +1
'Retail apocalypse' now: Analysts say 75,000 more U.S. stores could be doomed.
Widespread closures have roiled the retail industry, but many more stores are likely to shut down in coming years to keep up with a shift to online shopping, according to a report by investment firm UBS. An estimated 75,000 stores that sell clothing, electronics and furniture will close by 2026, when online shopping is expected to make up 25% of retail sales, according to UBS. Roughly 16% of overall sales are made online.
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+28 +1
Retail apocalypse? JCPenney, Payless, LifeWay announce 3,000+ combined store closures
More than 41,000 people have lost their jobs in the retail industry so far this year — a 92 percent spike in layoffs since the same time last year, according to a new report. And the layoffs continue to mount, with JCPenney announcing this week it would be closing 18 stores in addition to three previously announced closures, as part of a “standard annual review.” Retail job cuts for January and February total 41,201, said research firm Challenger, Gray & Christmas in a new survey, including nationwide retailers such as Payless and Charlotte Russe.
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+22 +1
‘Retail apocalypse’ continues: Gap, Family Dollar, thousands of other stores will close this year
This year is setting up to be a year that will be full of store closures.
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+4 +1
The Most Searched Trader Joe’s Item by State
Trader Joe’s is more than just a grocery store – it’s an experience that its core audience delights in. Store-goers often read their newsletter, the Fearless Flyer, to learn about their most recent product offerings through their trademark witty descriptions and strategize their shopping trips for maximum product accumulation and optimal parking. People just can’t get enough of the grocery store chain, and it inspires an unprecedented amount of brand loyalty among its base.
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+11 +1
Amazon Almost Killed Best Buy. Then, Best Buy Did Something Completely Brilliant
The year was 2012, and everything seemed to be going wrong for Best Buy. The CEO had just resigned after admitting to an improper relationship with a female employee. Employee engagement seemed to be at an all-time low. And like many other retailers, Best Buy stores were bleeding money--as customers came to test products they wanted, only to buy them online from Amazon at a cheaper price.
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+14 +1
PepsiCo is laying off corporate employees as the company commits to millions of dollars in severance pay, restructuring, and 'relentlessly automating'
PepsiCo has kicked off a round of layoffs as it begins a four-year restructuring plan that is expected to cost the company hundreds of millions of dollars in severance pay. This week, PepsiCo employees in offices including Plano, Texas, and the company's headquarters in Purchase, New York, were alerted that they are being laid off, according to two people who were directly impacted by the layoffs.
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+23 +1
Payless is closing all its 2,100 US stores
Payless is the latest retail chain to close up shop in the United States. The discount shoe store will close all 2,100 of its locations in the United States and Puerto Rico in the coming months, a spokesperson told CNN Business on Friday. Liquidation sales will begin on Sunday and stores will begin closing in March, though most will say open until May.
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