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Citing Theft and Safety Issues, Target Closes 9 Stores in 4 States

Retail TouchPoints

Target will close nine stores in four cities on Oct. Target noted that it has made multiple efforts to secure these location, including adding more security team members, using third-party guard services and implementing theft-deterrent tools across its business. leaving 15 stores in this market. billion in losses, up from $93.9

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Burlington Doubles Store Total Target to 2,000, Plans 75 Net New Locations for 2021

Retail TouchPoints

The company is planning to open 100 new stores this year while at the same time relocating or closing 25 existing stores, bringing the net total of new stores in 2021 to 75. Another key efficiency driver will be a reduction in store size to improve store-level productivity, said O’Sullivan on that call.

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Report: Walmart Pulls Guns and Ammunition From Sales Floor, Citing ‘Civil Unrest’

Retail TouchPoints

The retailer will continue selling the items in the stores that carry them, which account for approximately half its footprint. “We Walmart also banned customers from carrying firearms in stores located in open carry states unless law enforcement officers are present, though the retailer’s concealed carry policy remained the same.

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Claire’s Files for IPO as it Expands Presence Outside of Malls

Retail TouchPoints

compared to the same period in 2019, showing significant growth since its exited from bankruptcy in 2018. members accounted for half its sales in the country in the first half of fiscal 2021. Claire’s has filed for an IPO that would value the company at $100 million. compared to the same period in 2020 and 3.4%

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Paper Source Files for Bankruptcy, Plans to Keep Most Stores Open During Proceedings

Retail TouchPoints

Paper Source already has begun closing 11 of its underperforming locations but will keep the remaining 147 stores and its ecommerce site open throughout the bankruptcy proceedings. million reported in 2019. The retailer has received a stalking horse bid from its current lenders, led by MidCap Financial, that would provide $16.5

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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

Net income was $838 million compared to $906 million in Q1 2019, dragged down by $283 million in wage increases and sanitation-related costs. Nordstrom, like many other department stores, had a much weaker quarter: overall sales fell 40% , with full-price locations dropping 36% and the off-price division declining 45%.

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Walmart Offers Free At-Home Pickups for Online Product Returns

Retail TouchPoints

Using Walmart.com or the retailer’s app, they will receive a return code/QR code that they can take, along with the packaged item, to a FedEx Office location. Customers without access to a printer at home can choose the “Drop off at FedEx” return method. Additionally, Walmart is striving to make the entire return process more sustainable.

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