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American Dream Again Misses $8.8 Million Loan Payment

Retail TouchPoints

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall also had missed the previous payment deadline for the same reason in August 2022. The concept was developer by Triple Five Group and is billed as the “first-ever modest clothing department store” (i.e.

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Walmart’s futuristic vision: AI shopping, drone deliveries and green energy

Inside Retail

The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. It’s essentially a ‘Virtual Try-On’ service that becomes a social experience.

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5 Things to Know About Amazon’s New ‘Style’ Clothing Stores

Retail TouchPoints

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. The first Amazon Style store is set to open later this year at The Americana at Brand shopping mall in Los Angeles. “We There will be humans working the store too.

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How retailers are racing to meet the needs of older online shoppers

Inside Retail

Consumers over 65 were the fastest growing group of online shoppers in the US in 2020, according to NPD Group’s Checkout Tracking, and they accounted for 30 per cent of goods purchased online in the UK last year compared to 20 per cent the year before, The Economist reported. Font size and payment options.

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John Lewis eyes AI to boost profits in £100m Google deal

Retail Gazette

John Lewis stores are set to embrace artificial intelligence as the partnership strikes a “bargain” £100m agreement with Google to reduce data storage expenses. Mian also stressed no job cuts or store closures were planned as part of the move. “[As We’re looking forward to an era of fresh innovation.”

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Despite looming recession, Harris Scarfe is ‘full-steam ahead’: CEO

Inside Retail

Australian discount department store Harris Scarfe is moving “full-steam ahead” with its strategic growth plans, despite rising inflation and growing concerns about an economic recession. “We’re It can’t open full-line stores in homemaker centres because they aren’t zoned for apparel retail.

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A cost-of-living crisis is brewing in Asia. Here’s what it means for retail

Inside Retail

There do seem to be a few exceptions, such as processed meat, but these are unlikely to last much longer. As of 21 October, the government is planning a 20 trillion yen (US$135 billion) package to help households weather the inflation storm. per cent, food service up 6.5 per cent, department stores were up 42.8

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