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Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse, and in late summer of 2022, Bed Bath & Beyond announced plans to close 150 ...
Science & Tech. Shopping
Only 1.3% of the more than $345 billion raised by venture-backed startups in 2021 went to Black founders, according to Deloitte and Venture Forward’s 2023 report. About 2.4% went to startups led ...
Representatives of e.l.f. rang the opening bell at the New York Stock Exchange in March. E.l.f. is one of two public companies with a workforce that is 78% women and 40% people of color.
2019 Venezuelan presidential crisis The Trump administration announced Friday it is revoking the visas of 49 Maduro-aligned officials and their families and sanctioning several top military and security officials, part of a major U.S. campaign to push contested Venezuelan President Nicolás Maduro from power.
People want convenience. They want low prices. And they won't stick around for stores that don't deliver. For now, the closures keep coming. If pharmacies don't evolve fast, this could just be the ...
In Wisconsin, an employee who oversees grocery deliveries and who is a member of OUR Walmart reports that the store is a long way from the previous mantra of "in the door and to the floor". Instead, merchandise ready for the sales floor remains on pallets and in steel bins in the back of the store with "no passable aisles".