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Bloomberg: Belk Will Pursue Bankruptcy to Restructure $2.6 Billion Debt

Retail TouchPoints

The move would mark a reversal of Belk and Sycamore’s earlier plan , which would have helped the struggling department store avoid bankruptcy altogether. Belk, like other department store retailers, has been struggling under the lockdowns and reduced traffic patterns created by the pandemic.

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UK Retail Sector Witnesses a Robust Rebound in January 2024

365 Retail

below the pre-pandemic levels of February 2020​​. January ONS Figures The revival was observed across all subsectors except clothing, with notable increases in department stores and non-food stores, including sports equipment stores, which reported positive impacts from January sales. and 6.2%, respectively.

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2020 Holiday Ecommerce News & Updates [January 2021]

ROI Revolution

Published September 14, 2020. From the completely unexpected impacts of the coronavirus on ecommerce to the twists and turns of Amazon Prime Day 2020 , 2020 introduced a mix of obstacles and opportunities for all brands and retailers. Keep it bookmarked as your go-to resource for 2020 holiday ecommerce news!

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UK Retail Sales Experience Steep Decline in December 2023

365 Retail

Sales volumes hit their lowest level since May 2020, with a month-on-month decline of 3.2%. Total non-food store sales volumes fell by 3.9%, with department stores experiencing a significant 7.1% Other non-food stores, including those selling sports equipment, games, toys, watches, and jewellery, saw a 4.5%

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Research reveals the Black Friday brands in demand

365 Retail

Catalogue Retailer. Department Store. Online Retailer. Health and beauty retailer Boots, and department store John Lewis, take joint second place this year with 22,200 searches a month each! Online Retailer. Department store. Department store.

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Retailers suffer surprise sales fall despite reopening

365 Retail

Clothes shops reported a decline of 2.5%, while department stores saw sales dip 6.7%. Overall, it means retail sales have now increased for the past four months as life begins to return to normal. Compared with May 2020, during the first national lockdown which left high streets deserted, sales were up 27% and were also up 9.1%

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Will Prime Day’s Rising Tide Lift All Boats, Or Swamp Them?

RTP blog

The best deals will be reserved for Amazon’s 100 million Prime members — and now the retailer has brick-and-mortar Prime Day outlets as well, thanks to its Whole Foods acquisition. Unfortunately, competing online retailers shouldn’t count on much additional traffic from the 36-hour day (I predict that it will be “Prime Week” by 2020).

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