Stores

All Those Empty Stores Set Up Retail’s Comeback

(Bloomberg Opinion) — Once again, we’re hearing the familiar predictions of the demise of retail as the pandemic brings on a deluge of  store closings, especially for those businesses with too much debt and goods that have fallen out of fashion. As long as the U.S. is running at less than full speed because of the coronavirus — and perhaps for some time after — it may be difficult for landlords to fill newly vacant spaces. But long-term trends in retail, hospitality and commercial real estate suggest that in economically stable communities, those spaces should eventually be occupied. It’s even possible that the 2020s will accelerate the trend of successful e-tailers expanding into physical locations.

The  rise in store closures — one analysis said as many as 100,000 brick-and-mortar locations could shut by 2025 — are the easy part to think about. Apparel company Brooks Brothers is the latest, filing

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As stores reopen, here’s our favourite buys

From wardrobe staples to statement pieces, the Zara summer sale is a treasure trove of bargains: Zara/The Independent
From wardrobe staples to statement pieces, the Zara summer sale is a treasure trove of bargains: Zara/The Independent

As lockdown restrictions ease and the high street gradually reopens, many fashion brands have launched sales online and in-store to make up for the lost footfall.

The government permitted all non-essential retailers in England to reopen from 15 June. Wales followed suit from 22 June, while non-essential stores in Scotland reopened a week later, on 29 June.

High street fashion label Zara is one of the best places to hunt for a bargain. While stores have seen hoards of shoppers queueing to browse, you can save yourself the bother by heading online instead.

Chances are your summer wardrobe has barely seen daylight, least of all any new prints, patterns, cuts and co-ords, since we went into lockdown back in March, so taking advantage of the sales is the best way to invest

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Amazon Launches Smart Stores to Boost Retail Hold in India

Amazon AMZN is sparing no effort to strengthen the retail business in India. This is evident from its new initiative, Smart Stores, which provides the stores with digital log software and a QR code.

The new initiative enables India-based local stores to offer customers with contactless discovery of their products and make payments online.

Under the program, customers will first need to scan the QR code using the Amazon app. This code allows the customers to explore and select the products available within the store. Once the customers have finalized their products, they can then make the payment using UPI, credit and debit cards or directly through their Amazon Pay balance.

Once the transaction is completed, the bill will be delivered digitally to the customer, making it a hassle-free process in today’s time wherein visiting shops is a big risk.

Notably, Amazon has partnered with more than 10,000 such shops

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