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Changes at luxury brands could be bad news for TJ Maxx

Some brands are scaling back from off-price stores. Business Insider/Mary Hanbury TJ Maxx has reported 21 consecutive years of growth and is considered a bright spot in the retail industry. Some high-end brands are sending less inventory to off-price stores in an effort to make over their images. This could …

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Americans fall in love with Walmart, McDonald’s again

AP McDonald’s and Walmart are both on a tear, posting incrementally increased sales and customer traffic. The two American icons have found success while responding to customers’ wishes.  It’s ushering in a new era of retail.   It’s hard to find two companies more synonymous with America than Walmart and …

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Amazon myth leads cities to scramble for HQ2

Amazon’s campus in downtown Seattle. AP Photo/Elaine Thompson Amazon has promised 50,000 jobs to the city that’s home to its second North American headquarters. Critics say that hosting the company’s headquarters isn’t all it’s cracked up to be. In Seattle, the home of Amazon’s existing headquarters, the retailer has been …

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Amazon acquisition targets in 2018

Jessica Rinaldi/Reuters Speculation is swirling that Amazon could buy Target as the ecommerce giant moves to grow its presence in the physical retail world. Target would give Amazon access to nearly 2,000 stores, but it has too much overlap with Amazon in certain categories, according to Steve Dennis, the founder of retail …

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Sears store photos – Business Insider

Business Insider/Hayley Peterson Sears is closing 166 stores this year, after closing nearly 400 stores last year.  The upcoming round of closures will leave Sears with fewer than 940 total stores, down from 3,510 six years ago. We visited a Sears store in Glen Allen, Virginia and found empty shelves, …

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Retailers brace for spending surge thanks to US tax cuts

Tax cuts could boost consumer spending. Reuters / Olivia Harris US companies are celebrating tax cuts by offering employees bonuses and wage increases. These unexpected bonuses will be spent on non-essential products, according to a Barclays note. The retail sector is likely to be one of the main beneficiaries of this. …

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Wendy’s debuts 4 for $4 value menu

All of these items are included in Wendy’s 4 for $4 deal. Wendy’s Wendy’s expanded its 4 for $4 deal to include eight options.  The new deal comes as fast-food chains compete to get the lowest prices.  McDonald’s rolled out a new  value menu this week, while Taco Bell expanded …

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E-commerce retail drives up land prices

Amazon has 140 fulfillment centers in the US. REUTERS/Fred Greaves The shift towards buying online has created a need for more warehouses in the US. But, growing demand has increased the cost of the industrial land plots where these warehouses are being built. Those costs could potentially be passed down …

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JCPenney says it’s helping to suck the life out of Sears

JCPenney CEO Marvin Ellison says the retailer is bearing down on Sears. YouTube/JCPenney JCPenney CEO Marvin Ellison says he’s “going after Sears … as they continue to contract.” “When and if they decide to get out of the brick-and-mortar business we have a very clear understanding of where those locations …

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