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(Photo: Brennan Linsley, AP) 41 CONNECT TWEET 23 LINKEDIN 57 COMMENTEMAILMORE There was a time notlong ago when the idea that malls had killed Main Street was an important business narrative. Now it's malls that are withering under the pressure of having to face off with online competition. Not every chain has suffered, but a trip
To learn more about online fashion shopping visit online fashion shoppingto the mall in 2018 might look very different than one right now. And while we're not yet to the point where we have to wonder if the concept of the mall still makes sense, in some markets, giant shopping centers will close due to lack of tenants. Even those malls that pull through will have a lot of space to fill. It's a difficult transition made even harder by the factnobody knows where bottom is for physical retailers. Some chains such asThe Limited and Sports Authorityhave already gone to the big mall in the sky, while major anchor chains Sears and Macy'shave laid out plans to close significant numbers of stores. Expect a number of further complete closures in 2017and even more chains to close underperforming locations. It's going to get worse before it gets better. Here's what we know so far. Aeropostale clings to life After filing for Chapter 11 bankruptcy protection in May, Aeropostale received $160 million in debtor-in-possession financing provided by Crystal Financial, which, "combined with operating cash flow, will allow Aeropostaleto meet its go-forward financial commitments," according to a press release .
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Overall, net sales were down 0.9% to $3.96 billion, while the company swung from a loss of $131 million to net income of $192 million. But the company said that discounts dragged down profitability and warned that its women's clothing business struggled. The
To learn more about fashion clothing visit fashion dressescompany's stock fell 8.5% in pre-market trading to $6.28. Ellison told investors that the company would "pivot our retail strategy toward non-apparel." That includes a plan to "significantly expand" toy sales after encouraging results from toy sales in a limited number of stores during the holiday season, Ellison said. One possible route to improved profitability is "regional pricing," Chief Financial Officer Ed Record said. The company is testing variable pricing at about 60 locations. "We know we have big opportunities around that," Record said. Despite the difficulties, Penney turned a full-year net profit for the first time since 2010, reflecting considerable progress after a brief period in which the company experimented with limiting discounts. Encouraging signs included sales of home goods, Sephora products, the salon division and fine jewelry.
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Find out more Image copyright Getty Images Image caption Lt Grace Hopper using a new calculating machine invented by Howard Aiken for the US Navy's use during World War Two It is broadcast on the BBC World Service. You can find more information about the programme's sources and listen online or subscribe to the programme podcast . Early computers really were programmed rather like this. Consider the Automatic Sequence Controlled Calculator, later known as the Harvard Mark 1 . It was a 15m-long (50ft), 2.5m-high concatenation of wheels, shafts, gears and switches. It contained 530 miles (850km) of wires. Image copyright IBM It whirred away under instruction from a roll of perforated paper tape. If you wanted it to solve a new equation, you had to work out which switches should be on or off, which wires should be plugged in where. Then, you had to flip all the switches, plug all the wires, and punch all the holes in the paper tape. Programming it was not just difficult, but involved tedious, repetitive and error-prone manual labour. Four decades on from the Harvard Mark 1, more compact and user-friendly machines such as the Commodore 64 found their way into schools.
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