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Investors Propose to Take Macy’s Private with $5.8 Billion Buyout Bid

Retail TouchPoints

An investor group composed of real estate investment firm Arkhouse Management and asset manager Brigade Capital have submitted a $5.8 Share prices are up about 16% on the news of the bid in early hours trading today. Morgan analysts estimate Macy’s total real estate value at about $8.5

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Introducing Forrester’s Employer Branding Research

Forrester eCommerce

“Now is the time … when talent is the number one priority among our leaders.” — Benji Baer, CMO at commercial real estate company CBRE The business news of late has been rife with discussions on whether or not brands should take a position on social issues.

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Report: GameStop Closing Kentucky Distribution Center, Potentially Affecting Hundreds of Jobs

Retail TouchPoints

distribution center, according to a letter to employees seen by WDRB News. The closure was further confirmed by a commercial real estate listing stating that the 630,000-square-foot building will become available for a new occupant as of July 1, 2023. GameStop is reportedly planning to close its Shepherdsville, Ky.

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

Retail TouchPoints

Paper Source has filed for Chapter 11 bankruptcy and is hoping to sell the business, according to court filings. As part of the process the retailer also is undergoing a “robust real estate rationalization” to evaluate its real estate portfolio and renegotiate lease terms. million in financing. and Canada.

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Warby Parker Plans 63 Layoffs to Enhance Agility Amid Uncertain Consumer Behavior

Retail TouchPoints

As a business, we must do our best to adapt, which sometimes involves making difficult decisions in the best interests of the company.”. “As we have discussed over the past few weeks, the global economy continues to face significant volatility and uncertainty,” said the letter.

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Exclusive: New Research Highlights How Brands Can Capture Today’s Always-On Shopper

Retail TouchPoints

It’s a good news/bad news situation. The bad news is, it’s a fight to literally the very last minute before money is exchanged. The good news is, that means you’re always in the mix until that very last moment.” Shopping in real life will never go away ,” she said. “We

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Even as Footfall Increases, Store Footprints are Shrinking

Retail TouchPoints

Have you heard the news? Following several years of pandemic-driven declines, shoppers are eagerly returning to stores, and that enthusiasm is being echoed in a new upswing in store openings and lease signings. Brick-and-mortar is back. Coresight Research’s July U.S.