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CNN CNN Newsroom With Jim Acosta June 4, 2024 20:49:00

The culture, the public consciousness heading into this halloween. tell us more. reporter: so spirit halloween is opening up 1450 stores this year, that s a record. the company is taking advantage of the fact that there have been so many store closures with the retail apocalypse, all the retail bankruptcies, empty shopping malls. so they are moving into those places and landlords need tenants. and they are taking advantage of the fact that americans are ready to celebrate halloween. they re expected to celebrate $10.6 billion on halloween. that s a record number. that includes costumes for the kids, adults, even the pets. and all of the candy and decorations. we re all spending a lot of money this year, because it s fun to get out there and do this again. i know we want to talk about the memes in just a second. ....

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15 Retailers Most Vulnerable to Credit Defaults and Bankruptcy: S&P


2020 saw a record number of retailers go bankrupt as the pandemic destroyed their business.
2021 is off to a better start, but there are still some retailers that are vulnerable to bankruptcy.
S&P says these 15 retailers have anywhere from an 11.7%-32.8% chance of credit defaults in a year.
2020 was a banner year for US retail bankruptcies.
Back in March 2020, as the pandemic set in and governors across the country asked non-essential businesses to close, retailers found themselves between a rock and a hard place. 
On one hand was a sudden and dramatic decline in sales as standalone stores shuttered and foot traffic dried up at malls. On the other hand was a quick pivot in consumer spending people cared a lot less about dressing well when they were stuck at home, and cared a lot more about stocking up on essentials like food and paper goods. ....

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Detailed text transcripts for TV channel - CNN - 20171124:16:53:00

Better to go online rather than to stand in line to make their holiday purchases. that s exactly what s happening. people are right in front of their computers. does it look like black friday that we once knew are a thing of the past? fredricka, when you see them there without the big crowds, it gives you a better sense of why 2017 has been brutal for retail bankruptcies. a record number of store closures. retailers want a piece of the estimated $1 trillion you will see and black friday is crucial for them. average savings of 12% on jewelry, 18% on appliances and ....

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