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JCPenney Explores Debt Restructuring Options With Advisers

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To look into debt restructuring options that would provide the retailer more time to make a turnaround, JCPenney Co Inc has reportedly hired advisers. Even so, one of the unnamed sources put out the caveat that the plans for restructuring are at an early stage. The report also noted that JCPenney has over $1.5

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Tencent Buys Stake In Chinese eCommerce Co Youzan

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Tencent Holdings is buying over 1 billion shares of Hong Kong-listed eCommerce platform Youzan. So far, Hangzhou-based Youzan has yet to turn a profit. In fact, it posted a loss of $839.4 According to DealStreetAsia , the deal will give Tencent a 6.7 percent stake in Youzan. HK ($0.068 USD) a piece.

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Saks President Says Firm Doesn’t Need In-Store AI

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Leading that pack is eCommerce behemoth Amazon, which is aggressively expanding and forcing physical retail to adapt to and embrace eCommerce. Even megaretailer Walmart has announced the closure and restructuring of several of its Sam’s Club-branded stores across the U.S. These moves by HBC included job cuts.

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UK’s Dixons Carphone Warehouse Shutters 530 Locations, 3K Jobs Lost

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company is closing 531 stores, which will result in the loss of 3,000 jobs. Whitman Howard Analyst Tony Shiret said the decision for what to do with the remaining stores is the “elephant in the room” when it comes to how the company is going to restructure itself. The company is predicted to see losses of about 90 million pounds ($108.7

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Walmart Shares Up Across The Board On Big Earnings Beats

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The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. Also a highlight was eCommerce, with Walmart reporting 40 percent growth during the second quarter.

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Levi Goes ‘Soft And Stretchy’ In A Rigid Retail Market

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Fitch names rue21 as a retailer at a “high risk of default” because of its bond debt, declining foot traffic, competition from eCommerce and other retailers and “a lack of a compelling product line.”. 11 that profits were up by 69 percent in the latest quarter. A restructuring pact has been established with lenders.

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The Retail Good News Roundup

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“Quarterly losses, schmorterly losses” seems to be the position of H&M. The fast-fashion retailer was not alone in coming into the year on a downward revenue trend, but unlike a lot of the brands in the same boat, H&M shows no indication of ceding the future of brick-and-mortar to eCommerce. Five Below.

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