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+11 +1
Are Other People’s Credit-Card Rewards Costing You Money?
Amazon and Target have a surprising argument to make: The proliferation of rewards-rich credit cards is bad for consumers. They are suing for the right to pick and choose which Visa and Mastercards they accept. They want to be able to reject the richest rewards cards – cards like Chase Sapphire Reserve, which offer generous cash back, points, and other perks, and which come with the highest transaction fees charged to merchants. They say, if they obtain this right, they’ll be able to charge lower prices to shoppers.
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+20 +1
Sears ready to file bankruptcy later tonight as former US retail giant tries to stay alive
Sears Holdings plans to file for bankruptcy protection after midnight in the East Coast, culminating the collapse of what was once America's largest retailer, people familiar with the situation tell CNBC. As part of the bankruptcy plan, Sears will immediately close roughly 150 of its stores, people familiar with the matter have said. It has approximately 700 stores, one of the people said. It is unclear how the closures would impact Sears' workers, which totaled roughly 90,000 in February 2018.
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+14 +1
125-year-old Sears to file for bankruptcy: report
Sears, which was once the largest retailer in the world, is now reportedly facing bankruptcy. The company, which hasn’t turned a profit since 2010 and is $134 million in debt, recently approached several banks to prepare for bankruptcy filing, CNBC reported Wednesday. Shares plunged almost 20 percent on the news, and are set to open at a record low.
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+17 +1
From Costco to Nordstrom: These 60-plus stores will be closed on Thanksgiving
Thanksgiving and Black Friday are weeks away but a popular holiday website has released a list of stores staying closed on Turkey Day.
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+19 +1
Some Amazon employees are reportedly accepting cash bribes from online sellers to delete negative product reviews
For Amazon's online sellers, a negative product review can be extremely damaging to businesses selling their products on the retail giant's site. In order to quash bad feedback, some sellers are offering Amazon employees bribes to obtain bad reviewers' email addresses or to erase the negative review from the site entirely, the Wall Street Journal reported on Sunday. According to the Wall Street Journal's sources, this practice is especially common in China...
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+25 +1
'It's not right': Shoppers angry over Walmart charging more for plus-size clothing
Walmart Canada is facing criticism for charging more for plus-size clothing, a policy some shoppers consider an unjust "fat tax." "It's unacceptable," said Walmart shopper Shannon Mozak, of Edmonton, who sometimes buys plus sizes. "It's a form of shaming people." Walmart and some other retailers mark up their plus-size clothing with the justification that bigger sizes cost more to produce.
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+9 +1
More Than 200 People Infected by Parasite Linked to Del Monte Vegetables
Two hundred twelve people have been infected with an intestinal parasite in four upper Midwest states after reportedly eating pre-packed vegetable trays under the Del Monte Fresh Produce brand, according to the Centers for Disease Control and Prevention. The trays were purchased at various retailers including Kwik Trip or Kwik Star convenience stores. The outbreak was first tracked by the CDC in mid-June, and is most severe in Wisconsin. As many as 54 cases have also been reported in Minnesota...
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+26 +1
With Toys R Us gone, Amazon wants to send out a holiday toy catalog of its own
They would be mailed out and handed out at Whole Foods.
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+14 +1
Anonymous person buys $1M worth of remaining toys at Toys 'R' Us to donate
America’s last remaining Toys “R” Us stores will close for good today, after a final Friday of clearance sales. One Toys “R” Us location in Raleigh, North Carolina, however, has shut its doors a little early — and for good reason — after an anonymous patron purchased $1 million worth of the store’s remaining toys …
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+17 +1
Exclusive: Inside Target’s top secret test store
Inside its Minneapolis headquarters, Target has constructed a full-sized Target. We were the first outsiders to gain access.
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+26 +1
Amazon destroys massive quantities of returned and as-new goods
German national weekly WirtschaftsWoche and German public national broadcaster ZDF's program on current affairs, Frontal 21, report that online retailer Amazon is destroying massive amounts of as-new and returned goods in Germany.Internal product lists, photos and interviews with employees confirm that a wide range of products including refrigerators, dishwashers, washing machines, mobile phones, tablets, mattresses and furniture are being disposed of. One Amazon employee revealed she had destroyed goods worth tens of thousands of Euros on a daily basis.
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+1 +1
Sears is closing 72 more stores. Here's a map of where they are
Sears Holdings said Thursday it will be shuttering 72 more stores in 2018 and has identified 100 unprofitable locations in total that it plans to close over time. With respect to the stores identified in this map (listed on Sears' website), closing sales will kick off "in the near future," Sears said. That consists of 15 Kmart stores and 48 Sears stores, all of which are expected to be closed by early September. A Sears spokesman declined to comment on the number of associates impacted by the news.
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+6 +1
Sears Is Closing More Stores as Sales Shrink For 26th Quarter in a Row
Sears Holdings said it plans to close another 72 stores it has deemed unprofitable, as the company continues to struggle with falling sales.
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+10 +1
A Billionaire Toy Tycoon Bid a Whopping $890 Million USD to Save 300 Toys "R" Us Stores
Toys “R” Us has made headlines as of late with news of its bankruptcy proceedings and talk of impending U.S.-based liquidations in the coming weeks ahead. However, in a last-ditch effort to help save the drowning operations, billionaire toy tycoon Isaac Larian put up a bid totaling $890 million USD to keep over 300 stores throughout the U.S. and Canada from closing.
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+3 +1
Toys R Us founder Charles Lazarus dies days after chain's announced shutdown
Charles P. Lazarus, the World War II veteran who founded Toys R Us, has died at age 94, a week after the iconic chain he started six decades ago announced it will shut down its stores across the United States. Toys R Us confirmed Lazarus' death in a statement Thursday.
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+21 +1
Toys R Us liquidation sales begin today. Here's what to know before you shop.
Toys R Us expects to kick off its going-out-of-business sales Friday, a week after announcing plans to sell or close all of its U.S. stores. The company had said it expected the sales to start Thursday. But there's been a delay, a company spokesperson said Thursday morning. It now expects sales to likely start Friday.
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+23 +1
Toys R Us blames bankruptcy on millennials not having kids
Toys R Us will close or sell each of its more than 700 locations in the US. In the company's most recent annual filing, it cities declining birth rates as a threat to sales. Births have decreased rapidly since 2008 in the US, especially among millennial women. Toys R Us was one of the last national toy chains, and other similar retailers could be in trouble. Millennials are defined as those born between 1981 and 1996. They're more college-educated and marry later than previous generations.
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+16 +1
Large U.S. Retailers Urge Trump not to Hit China with Tariffs
Several large U.S. retail companies, including Wal-Mart Inc, Target Corp, Best Buy Co Inc and Macy's Inc, on Monday sent President Donald Trump a letter urging him not to impose massive tariffs on goods imported from China.
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+36 +1
All Toys R Us stores to close their doors
All Toys R Us stores in the UK will close in the next six weeks following the chain's collapse into administration. Attempts to find a buyer for the US retailer's 100 stores in the UK have failed. Twenty five stores have either closed in recent days or are due to shut by Thursday. The collapse will put more than 3,000 people out of work as a dismal period for the retail sector continues.
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+18 +1
Best Buy closing 250 small-format mobile phone stores
Best Buy plans to close all of its 250 small-format mobile phone stores in the U.S. by the end of May. The stores — most of which are in shopping malls, and at 1,400 square feet are much smaller than Best Buy’s 40,000-square-foot big-box stores — have become less profitable for the Richfield-based electronics chain.
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