WHAT WE`RE READING

June 21, 2017

WHAT WE`RE READING
  • INSPIRING GREATNESS IN UNINSPIRING RETAIL ENVIRONMENTS

    Let’s face it – the state of most retail organizations is pretty bleak right now. Retailers are struggling to evolve to today’s consumer spending preferences and habits. With that comes internal struggles that can, frequently, cause the culture to become rigid, confused, and desperate. In these moments the culture will be impacted negatively.

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June 16, 2017

WHAT WE`RE READING
  • The Sexy Off-Price Sector Has a Big Problem

    U.S. retailers in May reported the biggest decline in sales in 16 months, largely owing to lower gasoline prices and fewer Americans buying new cars and trucks. Sales at retailers nationwide sank 0.3% last month, the biggest drop since January 2016, the government reported Wednesday. The May sales report was generally weak across the board.

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June 14, 2017

WHAT WE`RE READING
  • U.S. retail sales in May are weakest in 16 months

    U.S. retailers in May reported the biggest decline in sales in 16 months, largely owing to lower gasoline prices and fewer Americans buying new cars and trucks. Sales at retailers nationwide sank 0.3% last month, the biggest drop since January 2016, the government reported Wednesday. The May sales report was generally weak across the board.

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June 13, 2017

WHAT WE`RE READING
  • Survey: Lidl poses big competitive threat

    Originally posted by Chain Store Age on June 13, 2017 Consumers are very excited about shopping at German discount grocer Lidl — even though they have never set foot inside one of the company’s stores before. Lidl’s upcoming entry into North Carolina, South Carolina, and Virginia could remove $1 billion in local sales in the […]

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June 13, 2017

WHAT WE`RE READING
  • Financial Roundup

    J.Crew is looking to climb out of debt amid sweeping changes, Neiman Marcus continues to go it alone and Sears Canada is just looking to hold on.

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June 12, 2017

WHAT WE`RE READING
  • The Rise of Luxury Strip Malls

    Pull into the parking lot of the Westside Provisions District, the mixed-use development in Atlanta’s gentrified Westside neighborhood, and you might have to hand your keys over to a valet to help you find a spot — especially on a Saturday afternoon. That’s because, unlike the downtrodden, two-penny outdoor shopping centres and abandoned enclosed malls weighing down the suburbs of the US, Westside Provisions is giving people a reason to swing by.
     

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  • Moody’s: Number of distressed retailers tops total during financial crisis

    The list of U.S. retailers with troubled financials that could make them potential bankruptcy risks now totals 22, according to ratings by Moody's Investors Service — topping the 19 recorded at the peak of the Great Recession. Confronting a major shift to online shopping Sears Holdings, Neiman Marcus Group and others on the list face a "perfect storm," senior Moody's retail analyst Charles O'Shea said Thursday, as he invoked the name of the Massachusetts fishing boat lost with all hands in a 1991 tempest.

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  • JPMorgan Says Everyone Should Read These 11 Books This Summer

    JPMorgan has released its 18th annual summer reading list. The books includes titles such as "Rethink: The Surprising History of New Ideas" and "Women in Science: 50 Fearless Pioneers Who Changed the World," as well as authors such as Sheryl Sandberg and Michael Bloomberg

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  • BCBG to Get New Lease on Life

    Bankrupt fashion retailer BCBG Max Azria Group has reached an agreement on a comprehensive restructuring. It includes the possible sale of nearly all the retailer's assets to Marquee Brands LLC and Global Brands Group Holding Limited. The completion of the transactions with Marquee and Global Brands are expected to immediately follow approval by the United States Bankruptcy Court. The expected closing date is no later than July 31, 2017.

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  • The End Of The Smartphone Era?

    Since launching with Sony’s Walkman in the early 1980s, the global personal electronics market has grown to reach $540 billion in retail value in 2016 and supports a range of accessories worth a further $60 billion. The category is marked by many failed, forgotten or fading products, such as the mini-disc player, e-book and pager, but it has grown to account for 55 percent of total consumer electronics revenues.

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