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How Payless Beat Back Bankruptcy

“Payless deserves congratulations, especially since a retailer getting out of bankruptcy these days is much rarer than one falling into it” reports pymnts.com. Payless managed to emerge from bankruptcy court protection a week ago, after sloughing off $435 million in debt and closing the curtains on 673 stores.In fact, some 14 retailers have sought bankruptcy protection since the start of 2016.There are rarely second acts in retail — particularly once bankruptcy is in play — but, every so often, the unexpected happens.During the bankruptcy process, Payless estimates it closed approximately 673 stores, those…

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Target is cashing in on a shift that’s creating a ‘sphere of despair’ for brands

“A crucial part of Target’s success was its private label brands, according to executives” writes Kate Taylor for businessinsider.com. Private label brands have been dominating retail recently.The company is debuting four more private label brands this fall: women’s apparel brand A New Day, menswear line Goodfellow & Co., homewares brand Project 62, and athleisure brand Joy Lab.Cloud Island, the baby brand that Target launched in May, generated double-digit comparable sales growth in the quarter. Barclays said that the shift in customers’ mindsets is creating a “sphere of despair” for food brands like Mondelez and Nestle, as…

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Target takes a page out of Wal-Mart’s acquisition playbook, with plans to grow same-day delivery

“Target announced plans on Monday to acquire Grand Junction, a San-Francisco based transportation technology company whose software manages retailers’ local deliveries” writes Lauren Thomas for cnbc.com. “Adding same-day delivery capabilities to our growing in-store pickup and ship-from-store programs allows us to better leverage our retail locations as distribution hubs.”.  Source: cnbc.com Share This:

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Amazon is going to have a tough time breaking into the online grocery market

“The failure of online grocery sales has been a two-decade nightmare for the online gorillas” writes Wolf Richter for businessinsider.com. A plethora of startups, brick-and-mortar retailers, and online retailers have tried it, including the biggest gorillas of all — Walmart, Amazon, and Google.Maybe it has figured out, despite all the money it has thrown at it, that selling groceries online is a very tough nut to crack.Online sales in other products are skyrocketing and wiping out the businesses of brick-and-mortar retailers along the way.Maybe Amazon has figured out that you’re…

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American consumers have a new attitude that’s creating a ‘sphere of despair’ for Nestle, Unilever, and Procter and Gamble

“It recently revealed that Amazon is sitting on a slew of private label brands that its developing in-house to compete with existing offerings” writes Dennis Green for businessinsider.com.au. Target also has seen success with its private label brands, which UBS recently called a “bright spot” for the brand.Consumers are increasingly apathetic to brands, creating what the Barclays calls a “sphere of despair” for food brands like Mondelez and Nestle, and consumer conglomerates like Unilever and Procter and Gamble.For retailers, private label is all the rage.But if it’s good for retailers,…

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Two ways Nordstrom is adapting to the Amazon era

“As shopping continues to shift away from brick-and-mortar stores to e-commerce, Nordstrom is investing in technology to connect its physical stores to digital” writes Lora Kolodny for cnbc.com. But few retailers also allow users to shop from their phones within stores like Nordstrom is doing, or to reserve items just to try them on.It’s becoming common for retailers to allow site users to buy online and pick up items in stores.Traditional retailers have experimented with but been generally slow to adapt their businesses to e-commerce and mobile shopping behavior. Source: cnbc.com…

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Birchbox in talks with retailers including Walmart for sale: Recode

“(Reuters) – Online cosmetics retailer Birchbox has discussed a potential sale with several retailers including Wal-Mart Stores Inc, tech news website Recode reported on Wednesday” writes Reuters Editorial for reuters.com. Wal-Mart has snapped up online retailers such as men’s fashion website Bonobos as it seeks to bridge the gap with e-commerce leader Amazon.com Inc.Birchbox, which has a subscription-based model, has raised more than $80 million from investors since it was founded in 2010, in addition to previously undisclosed venture debt that the startup secured in 2015, Recode reported. Source: reuters.com Share…

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