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Vicinity Centres posts highest occupancy rate since 2019

Inside Retail

per cent during the fiscal first half ended December 31, its highest point since 2019. During the six months, Vicinity entered into contracts for asset sales to fully fund the acquisition of the remaining 49 per cent of Chatswood Chase Sydney shopping mall. “1H Vicinity Centres reported an occupancy rate of 99.1 million from $176.3

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Army & Air Force Exchange Deploys AI-Powered Customer Service Chatbot

Retail TouchPoints

The Exchange has run order fulfillment through Manhattan Active Omni since 2019 and now has deployed Manhattan Active Maven to better support its human customer service agents. Related Reading: How AI Assistants are Already Reshaping Shopping

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Amazon, Target, Walmart Incentivize Early Holiday Shopping

Retail TouchPoints

Three of the country’s biggest retailers are taking significant steps to get consumers into the holiday shopping groove — and to do so (much) sooner than later. As we approach the holiday season, guests are excited to shop early,” said Christina Hennington, EVP and Chief Growth Officer at Target in a statement. Beginning Oct.

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Barnes & Noble to Host Paper Source Shops this Holiday Season

Retail TouchPoints

Paper Source will launch a new shop-in-shop experience in two Barnes & Noble stores this holiday season in the first collaboration of the two retail brands, which are both owned by Elliott Management. The first Paper Source shop-in-shop will open Nov. 19 in Hingham, Mass., with a second to follow in Charlotte, N.C.

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Target to Triple Disney Shop-in-Shops to 160 Stores as Holiday Toy Rush Nears

Retail TouchPoints

Target is expanding its partnership with Disney to bring Mouse House-branded in-store shops to more than 160 locations by the end of this year. The two companies originally teamed up in 2019 and currently operate 53 Disney shop-in-shop locations, which average approximately 750 square feet.

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The Cheesecake Shop sold to Aussie investment firm

Inside Retail

The Cheesecake Shop is to have new owners. Aussie based investment River Capital has entered into an agreement to acquire The Cheesecake Shop Group (TCS) for an undisclosed amount from existing owners PAG Asia Capital. The post The Cheesecake Shop sold to Aussie investment firm appeared first on Inside Retail.

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Midland Gate shopping centre in Perth sold for $465 million

Inside Retail

Melbourne-based fund manager Fawkner Property and alternative investment firm PAG have acquired Perth’s Midland Gate shopping centre for $465 million. The deal marks Australia’s largest single regional asset transaction since December 2019.

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