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Big Lots Agrees to Bankruptcy in Nexus Capital Management Deal

Retail Wire

Despite restructuring efforts, Big Lots could not keep up with current economic pressures.

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Silly Solly’s plans 10 more stores as it moves to franchise model

Inside Retail

The Silly Solly’s brand has come full circle, now owned by Stanton and an Australian management team that reinvented the model in 2018. “We We experimented with a couple of stores and decided there was a need for this, ” said Stanton. The brand has announced its first Adelaide store will open before Christmas.

Planning 298
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Walmart Eliminates Hundreds Of Jobs Throughout U.S. Division

Retail TouchPoints

In its July 30 story, Bloomberg reported that Walmart is “consolidating divisions and eliminating some regional manager roles,” but according to a former Walmart executive, store operations were restructured in a separate round of reductions that was announced internally earlier this month. Discount Stores were cut from four to three.

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“It’s disgusting”: The Reject Shop staff subject to verbal abuse and stalking

Inside Retail

Australian discount store chain The Reject Shop is one of many retailers that has seen a staggering increase in aggressive customers in recent times, prompting the roll out of a new training program. Lewis said it’s the young females in the business that tend to be targeted the most.

Shopping 246
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How Rising Prices Shape Consumer Behavior

Retail Focus

Customers lose brand loyalty as they choose retail brands or discount options. Retail data proves coupon use spikes during high inflation, and discount stores see more traffic. The Role of E-Commerce in Inflationary Periods During times of inflation, online retailers have an advantage over physical stores.

Consumer 130
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Category Insights Report: Dollar Stores Redefine Themselves with Enhanced Merchandising and Mobile Apps

Retail TouchPoints

Additionally, high interest rates are a reality for the “foreseeable future,” which has “fundamentally changed the disposable income available to individuals,” according to Mohit Mohal, a Managing Director with Alvarez & Marsal’s Consumer and Retail Group. That has ultimately had a trickle-down effect on the category.”

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Why the Kmart-Target back end merger has been a decade in the making

Inside Retail

But while Target initially seemed to be in a strong position, there was a lack of stability and understanding of what made the business tick within its management ranks. In 2002, however, the business’ managing director Larry Davis, himself originally from North America, refocused Target on bringing US-based brands into Australia.