Retail apocalypse

US Retail Sales Rise As Stores Struggle

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US retail sales rose by 4.5% in April compared with the same month last year, but department store chains continue to struggle. JC Penney said like-for-like sales fell by 3.5% in its first quarter, against the same period last year. Earlier this week rival retailers, including Macy’s and Nordstrom, also reported declining sales. Meanwhile the … Read more

Stores Are Closing At An Epic Pace

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This week it was Bebe. Last month it was Staples. In February it was JCPenney. Stores are closing at an epic pace. In fact, the retail industry could suffer far more store closures this year than ever. Brokerage firm Credit Suisse said in a research report released earlier this month that it’s possible more than … Read more