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Lord & Taylor Joins Retail Bankruptcy Watch

PYMNTS

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

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Retail Trade Groups Test Post-Pandemic Strategies

PYMNTS

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

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UK Agencies Paint Stark Reality For Retail

PYMNTS

retail picture is bleak in this time of COVID-19. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. The CBI says retail sales volumes will fall sharply to April, with retailers more pessimistic than at any time since April 2009.

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Unified Inbox Enables Text To Smart Home Communication

PYMNTS

Founded in 2010, internet-of-communications startup Unified Inbox works in part to enable device-to-smart appliance communications via text. And since Amazon has a habit of expanding its reach, the thought of the online retail giant developing its own smart appliances has likely crossed manufacturers’ minds.

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Block, PayPal, Carvana, Twilio and more

CFO News Room

Carvana — The online used car retailer stock dropped more than 8% after the company reported disappointing third-quarter results on the top and bottom lines, according to consensus estimates from Refinitiv. PayPal reported earnings that surpassed profit and sales expectations. Starbucks — Shares rose 2.3%

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Retail Reopening Hinges On Dangerous Discounts

PYMNTS

retail reopening. Most reports of mall reopenings and other retail post-pandemic debuts in the U.S. Most reports of mall reopenings and other retail post-pandemic debuts in the U.S. Some stores did report good business, but the common denominator was preparing for that event via smart digital communications during the crisis.

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How Retailers Aim To Convince Consumers It’s Safe To Shop In Person

PYMNTS

As they navigate the coronavirus pandemic and begin to reopen stores, large retailers are putting safety measures into place to keep shoppers and staff members safe — and get customers confidently back into stores. Trade groups are also providing guidance to help retailers open their doors again.

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