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Will brands 'trade down,' financially, to PR as recession bites?

With the Bank of England predicting that we will soon enter a recession, the UK waits nervously, but there is hope that, among the chaos, the consumer PR industry will be afforded a new opportunity to shine. ....

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9 Retailers That Are Closing Stores In January 2021


9 Retailers That Are Closing Stores In January 2021
01/28/21 AT 8:24 AM
The coronavirus pandemic continues to negatively impact the retail sector, with several companies announcing in January that they were closing stores as foot traffic waned and sales declined.
The consumer shift to online shopping during stay-at-home orders only further compounded the financial pressure these retailers were under, making it necessary to shutter locations to stay afloat or, in some cases, file for bankruptcy protection.
According to a report from Coresight Research (via CNBC), there could be up to 10,000 store closures in the U.S. this year, setting a new record amid the pandemic as retailers realign their brick-and-mortar portfolios to remain open for business. ....

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More Bed Bath & Beyond Stores Closing - See the List in New York


Bed Bath & Beyond is closing more stores. 43 more to be exact. All expected to be closed by the end of February.
The company announced the closure of 200 stores last July. In September, plans were made to close 63 of the 200 stores by the end of 2020. 6 of those locations were in New York.
Flushing: 40-24 College Point Blvd.
New York: 410 E. 61st St.
Rochester: 3349 Monroe Ave.
Syracuse: 3597 W Genesee St.
Watertown: 21855 Towne Center Drive
The latest round of closures affect three locations in New York state.
61st Street: 410 East 61st St.
Manhasset: 2103 Northern Blvd.
Greece: 112 Greece Ridge Center Drive
The company expects to have completed around 60% of the closures, which is about 120 store by the end of February, company spokesperson Dominic Pendry told USA Today. ....

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Bed Bath & Beyond Closing More Stores, One in Louisiana


Bed Bath & Beyond Closing More Stores, One in Louisiana
After a pretty robust holiday shopping season, we are continuing to see a retail apocalypse across the nation. I m so sad to see this. Not only have I, and members of my family worked in retail for years, but it s so heart wrenching to see stores that I grew up with being shuttered with no hope of coming back. People are losing their jobs at an alarming rate, and if we re being honest, it s not all due to the coronavirus pandemic.
Corporate officials with Bed Bath & Beyond told USA Today that they are expecting to close at least 43 more stores across the US by the end of February 2021. The parent company also operates buybuy Baby and Harmon Face Values. Last year the company stated that they expected to close 200 of their namesake stores over the next two years and that the latest round of brick and mortar stores that are closing are currently holding liquidation sales ahead of the shutdown. ....

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Bed Bath & Beyond stores closing February 2021: See the closure list


Bed Bath & Beyond stores closing list
The following 43 stores are the latest Bed Bath & Beyond stores slated to close by the end of February 2021. Approximately 200 stores will close over the next two years.
Arkansas Bed Bath & Beyond closing store
Conway: 1272 South Amity Road
Arizona Bed Bath & Beyond closure
Peoria: 24760 N. Lake Pleasant Parkway
California Bed Bath & Beyond closing stores
El Cerrito: 6000 El Cerrito Plaza
Gilroy: 6725 Camino Arroyo
Northridge: 8959 Tampa Ave.
San Mateo: 2280 Bridgepoint Parkway
Simi Valley: 2631 Tapo Canyon Road
Turlock: 2851 Countryside Drive
Colorado Bed Bath & Beyond store closures
Boulder: 1741 28th St.
Lone Tree: Meadows Marketplace, 8467 South Yosemite
Florida Bed Bath & Beyond store closings ....

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