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Stores need to excite, execute, entertain

New York, NY - (CNNMoney.com) - Merchants are desperate to lift sales. Consumers are wary to spend money. So how can struggling sellers still get shoppers in the store?

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Macy's to cut 7,000 jobs

Los Angeles, CA - (Los Angeles Times) - Department store giant Macy's Inc. said Monday that it would cut 7,000 jobs, or 4% of its workforce, as it expected sales to remain sluggish through 2009. No store closings were announced.

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Another retailer declares bankruptcy

New York, NY - (Crain's New York Business.com) - The winter has turned colder for upscale coat seller Searle. The retailer's parent companies, Tom Jones Inc. and Searle Blatt & Co., filed for Chapter 11 bankruptcy protection earlier this week.

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More Bad News for Retailers, but Maybe Some Deals

New York, NY - (New York Times DealBook) - Retailers in the United States have had a tough 2008 as consumer spending came to a screeching halt. But 2009 isn't looking any better. In fact, most retail experts and economists predict that it will probably be worse.

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Back-Office Layoffs Likely in New Year

New York, NY - (WWD) - Layoffs could be looming in seventh avenue back offices.

Many back-office jobs might be casualties of consolidation. Job consolidation often drives healthy M&A activity and is essential in distressed situations.

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Zombie retailers' debt in the junk bin

New York, NY - (Crain's New York Business.com) - Heart-encrusted bangle bracelets and cheap plastic earrings aren't the only things in the bargain bin at teen retailer Claire's Stores Inc. With the accessories chain's bonds trading at junk level, investors are signaling their belief that the company is in danger of going bankrupt. And Burlington Coat Factory, which specializes in off-price apparel, may not be far behind

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Small M&A Deals Changing Seventh Avenue

New York, NY - (WWD) - Some Seventh Avenue vendors are looking for investors.

Major acquisitions by public companies and private equity firms have slowed to a trickle, but smaller strategic deals are reshaping Seventh Avenue.

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