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retail

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A Canton-based developer says his company plans to turn the former Longaberger Basket Co.’s iconic headquarters into a luxury hotel.

 In this April 4, 2018, file photo, shoppers walk past the Victoria's Secret store on Broadway in the Soho neighborhood of New York.
Mary Altaffer / Associated Press

Victoria’s Secret has announced a restructuring that will include cutting back around 15% of its corporate office employees. 

Forever 21 — the ubiquitous mall-based fashion retailer aimed at teens, tweens and young adults — filed for Chapter 11 bankruptcy protection, joining a growing list of apparel outlets to fall victim to competitive online market pressures.

The California-based company may close up to 178 U.S. stores, according to court records.

Future Of Retail

Aug 23, 2019
Nicholas Eckhart / Flick Creative Commons

Big department stores such as Macy's and Sears were once retail empires. 

Now mass closures and layoffs have some business analysts predicting the end of physical retail stores. Other experts disagree, saying that those in retail can stay viable by shedding the dead weight of low-profit stores and focusing on innovation. 

Today on All Sides, the future of retail and where Columbus stands. 

Guests: 

Lee Peterson, Executive Vice President of Creative Services, WD partners

Photographer Johnny Joo photographed an abandoned Rolling Acres Mall with a layer of snow.
Johnny Joo / Odd World Studio

In an effort to understand Ohio, an Akron-based author is traveling around the state. David Giffels believes the key to understanding the country ahead of the 2020 presidential election begins in his own backyard.

His quest continues this month by looking at the realities of Ohio’s economy and the president’s promises to bring jobs back into the area.

Future of Retail

Aug 9, 2019

Big department stores such as Macy's and Sears were once retail empires. 

Now mass closures and layoffs have some business analysts predicting the end of physical retail stores. Other experts disagree, saying that those in retail can stay viable by shedding the dead weight of low-profit stores and focusing on innovation. 

Today on All Sides, the future of retail and where Columbus stands. 

Guests: 

Higher prices will be coming to stores this fall, retailers warn, if President Trump follows through with his threat to slap new tariffs on Chinese imports.

The White House pressed the tariff threat on Friday, even as Trump announced a new agreement aimed at boosting beef exports to Europe. A day earlier, Trump threatened to set a new 10% tariff on $300 billion worth of products imported from China.

England's largest retailers are now selling 90% fewer plastic bags than they did before a 5-pence plastic bag fee began in late 2015, the U.K. government says. In the past year alone, the retailers' sales fell by nearly half, from more than 1 billion bags to fewer than 550 million.

The statistics come from reports by the seven biggest retailers in England: Asda, Marks & Spencer, Morrisons, Sainsbury's, The Co-operative Group, Tesco and Waitrose.

Future Of Retail

Jul 5, 2019

Big department stores such as Macy's and Sears were once retail empires. 

Now mass closures and layoffs have some business analysts predicting the end of physical retail stores.

Other experts disagree, saying that those in retail can stay viable by shedding the dead weight of low-profit stores and focusing on innovation. 

Today on All Sides, the future of retail and where Columbus stands.

Future Of Retail

Jun 26, 2019
Nicholas Eckhart / Flick Creative Commons

Big department stores such as Macy's and Sears were once retail empires. 

 

Now mass closures and layoffs have some business analysts predicting the end of physical retail stores. Other experts disagree, saying that those in retail can stay viable by shedding the dead weight of low-profit stores and focusing on innovation. 

 

Today on All Sides, the future of retail and where Columbus stands. 

A group of more than 600 companies and trade associations have signed a letter to the president asking him to end the trade war with China and to drop tariffs.

Retail giants like Walmart, Target, Macy's and Gap wrote that they are worried tariffs will lead to job loss and will harm consumers and the U.S. economy.

More than two years after Amazon announced it would build an Air Hub at the Cincinnati Northern Kentucky International Airport, the online giant broke ground Tuesday on the $1.5 billion project. Amazon CEO Jeff Bezos made a surprise appearance.

Cincinnati based Macy's has announced a restructuring plan to increase productivity which the retailer says will reduce annual expenses by $100 million.

What started off as a strong holiday shopping season ended with a whimper, as consumers, rattled by a trade war and a government shutdown, tightened their belts. The Commerce Department said retail sales fell 1.2 percent between November and December, the sharpest drop in nine years.

It's crunch time for getting packages delivered in time for Christmas, and companies like FedEx, UPS, the Postal Service and even Amazon are feeling the stress.

Online spending is expected to rise at least 15 percent over last year's record holiday season, according to Adobe Analytics.

Long before you click "buy" and type in that shipping address, most e-retailers have already anticipated your order.

In some cases, that item you just bought is already sitting in a nearby warehouse or fulfillment center and could be delivered in a couple of hours.

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