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Department stores face another squeeze. This time, with store credit card revenue
10 Apr 2024 14:22 GMT
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City.
Robert Nickelsberg | Getty Images
Department stores like Macy's and Kohl's have long used store-branded credit cards to drive purchases and get a …
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Viral post listing store closures in blue states is misleading
08 Apr 2024 14:12 GMT
A viral post claims 25 national chains closed stores due to the economy. We VERIFY what’s accurate, what’s outdated and what’s false.
The economy is a central focus every election cycle, and the 2024 presidential election is no different.
One post …
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‘End is coming’ devastated shopper wails after major retailer shuts 24 stores – with at least 10 more closures to come
21 Mar 2024 12:49 GMT
BEST Buy fanatics have been left devastated after chiefs announced a raft of store closures.
Bosses at the electronics retailer have confirmed two dozen outlets nationwide closed in the company's 2024 fiscal year, which ended in January.
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More than 10 …
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'Build Back Better' Post Lists US Store Closings Supposedly Under Biden. Is It True?
22 Mar 2024 02:30 GMT
In March 2024 – months before the November U.S. elections – users on Facebook shared a copied-and-pasted post claiming to show a list of store and bank-branch closings that occurred during President Joe Biden's term in office. Popular versions of the …
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Nordstrom, Macy's deals could put private ownership back in vogue for US retailers
19 Mar 2024 22:40 GMT
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS
By Katherine Masters and Abigail Summerville NEW YORK (Reuters) - America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the …
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Best Buy Closing 10-15 Stores. How Many In Colorado?
20 Mar 2024 23:53 GMT
More closings are ahead as electronics giant Best Buy announced that sadly, 10-15 more of their stores will be closing for good this year. How many are in Colorado?
Best Buy Closing LocationsMany Locations In 2024
Quarterly Earnings Drop Forecast Lowered …
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Best Buy announces store closures, layoffs. How many are in Texas?
18 Mar 2024 21:27 GMT
Consumer electronics store Best Buy will soon close some of its stores and conduct layoffs in response to declining sales.
Best Buy CEO Corie Barry made the announcement during an earnings call Thursday. She told investors that the company needs to strike …
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Whole Foods to launch new format stores with Amazon One - as more and more retailers experiment with smaller shops
05 Mar 2024 18:07 GMT
Whole Foods is set to launch a range of small-format stores, becoming the latest retailer to pivot its focus onto convenience shops.
The new locations - called Whole Foods Market Daily Shop - will range between 7,000 and 14,000-square-feet. It is a …
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Macy's mulls closure of San Francisco Flagship in turnaround bid
28 Feb 2024 08:24 GMT
Macy's, the iconic department store chain, is considering the closure of its flagship location in San Francisco's Union Square as part of its new turnaround strategy, a source familiar with the matter revealed to Reuters.
The potential closure, if …
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Macy’s mulls closing San Francisco flagship amid plans to shutter 150 stores
27 Feb 2024 22:57 GMT
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS
By Katherine Masters NEW YORK (Reuters) - Macy’s is evaluating closing its San Francisco Union Square flagship, weighing the real estate value of the property against the potential for future sales growth at the …