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Retail Payrolls Take An ECommerce Hit

PYMNTS

Changing eCommerce and technological shifts in the retail space are now impacting payrolls. ECommerce and technology have absolutely changed the rules of the game and given massive amounts of power to the consumer,” Simeon Siegel, retail analyst for Nomura, told the NYT. According to a new report from the U.S.

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Big Fizzle: The Incredible Shrinking Mall-Based Retailer

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The rise of eCommerce has been an inexorable one, and the retail landscape has shifted for retailers. The latest signs come from Macy’s , which in recent days announced a restructuring that will see the mall stalwart close 125 department stores and slash 2,000 jobs. Welcome, perhaps, to the mauling of the Great American Mall.

Retail 57
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Chapter 11 Filings Are Up 43 Pct YOY

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She said there could be more cuts coming due to adverse economic conditions. “We The company, facing the common struggles of many old brick-and-mortar retailers such as eCommerce competition, was crippled by the pandemic. Meanwhile, Golds Gym filed for Chapter 11 in early May, amid a plan to shutter 32 locations.

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Stripe Says SCA Puts Billions Of Online Sales At Risk

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Amazon , Worldpay , and Stripe — the eCommerce and payment companies — are expressing concern that a lack of preparedness by the industry to new EU security regulations could put billions of dollars of eCommerce purchases at risk. Collison said the rules will require every European merchant to restructure their checkout process. “It’s

Sales 66
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Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 

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Will Chinese Authorities Force Ant To Restructure? . Howard Yu , LEGO professor of management and innovation and director of IMD’s signature program, Advanced Management Program (AMP), told Karen Webster last month that regulators would soon force Ant to restructure to address such concerns.

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Manifesting Retail’s Week Of Revolution

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We’ve seen Ralph Lauren come close to economic trouble, arguably because the department stores and boutiques that have not been open for a good part of Q2 have either underperformed or have not performed at all. But they have evolved enough to send consumers happily to eCommerce sites.

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Four Things Walmart’s Strong Earnings Say About Retailing To A Pandemic World

PYMNTS

Even eCommerce giant Amazon had to switch its priority to shipping essential household and medical items amid delivery delays. That means that while Amazon and other eCommerce players were forcing customers to wait weeks, Walmart was more or less able to honor delivery windows measured in days by leveraging its store network.

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