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Big Fizzle: The Incredible Shrinking Mall-Based Retailer

PYMNTS

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.

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Netflix, Lululemon, DocuSign and more

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The firm’s analyst cited falling demand amid weaker economic conditions. These debtholders are joining together amid reports earlier this week that the company is looking to restructure its debt, the paper said. However, the retailer also said it expected business trends to deteriorate. related investing news.

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Banks Offer Economic Coronavirus Relief To Businesses

PYMNTS

To help businesses, communities and retail clients impacted by COVID-19, or the coronavirus , Asian financial services group DBS said in an announcement that it will roll out liquidity relief, among other measures. The bank said it will offer a “six-month principal repayment moratorium” for small to medium-sized business (SMB) property loans.

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Sizzle Fizzle: Virus May Weaken China’s Economic Growth

PYMNTS

Retailers such as Gucci and Nike had released new advertising campaigns and merchandise in anticipation of a spending deluge. As reported by the Economist Intelligence Unit and relayed in the South China Morning Post , the Wuhan virus could hit China’s economic growth by 50 basis points to a full percentage point.

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Wednesday Lease Deadline Looms For Retail

PYMNTS

There’s $454 billion earmarked for retailers in the vast series of COVID-19 relief legislation passed last week. But none of it will arrive in time for the April rent and lease deadline staring retailers right in the bank account come Wednesday. And if it’s any consolation, retail rents will almost certainly drop in the short term.

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

PYMNTS

The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

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Chapter 11 Filings Are Up 43 Pct YOY

PYMNTS

She said there could be more cuts coming due to adverse economic conditions. “We Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. Penney, once a heavy hitter in the U.S.