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Retail News

  • VC-backed startup sees itself as ‘Amazon on steroids’

    Jokr is a new global rapid delivery startup developed by German entrepreneur Ralf Wenzel, formerly of Delivery Hero and Softbank, with backing from HV Capital, Tiger Global and Softbank that plans to

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  • Kroger has no stores in Florida but still delivers groceries

    A Kroger Customer Fulfillment Center (shed) in Groveland, FL, has begun making deliveries to customers in the Sunshine State as part of its soft opening. The automated warehouse will eventually not on

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  • Attention robot: Clean up in aisle nine

    Seventy-seven percent of large retailers in a new survey by RetailWire and Brain Corp. say it is important to have a robotics automation strategy in place and budgeted for in 2021. Retailers expect th

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  • Department stores struggle to make it through the pandemic

    Nearly 200 department stores have been shuttered over the past year and another 800 are forecast for the same fate by the end of 2025, according to Green Street Advisors. “There’s nothing departme

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  • American Eagle Outfitters CEO predicts ‘Roaring 20s’ redux

    American Eagle Outfitters CEO Jay Schottenstein is bullish on the business prospects for malls and his company as consumers come out of the novel coronavirus pandemic feeling more confident and ready

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  • Baggy jeans are back

    Skinny jeans have apparently gone out of fashion and baggy denim is back in. “The last denim cycle has been longer than 10 years, and it was the skinny jean cycle,” said Chip Bergh, Levi’s CEO.

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  • Kimco Realty buys rival shopping center owner Weingarten

    Kimco Realty Corp announced it would buy rival Weingarten Realty Investors for about $3.87 billion. The deal, when finalized, will create a company that operates 550 grocery-anchored shopping centers.

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  • Top execs depart Shopify’s c-suite

    Since last fall, Shopify has seen the departure of its chief product officer, chief talent officer, chief legal officer and chief technology officer. “Each one of them has their individual reaso

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  • Retail sales jumped nearly 10 percent in March

    Stimulus checks, COVID-19 vaccinations and rollbacks on the restrictions imposed on retailers during the novel coronavirus pandemic all contributed to a 9.8 percent jump in U.S. retail sales in March

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