Macy’s nearly $4B in losses, Walgreen’s new store format, Brookfield Properties AI-based shopping, Meijer bans cash at self-checkout

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  1. Macy’s Inc reported a staggering $3.58 billion quarterly loss on Wednesday as coronavirus-related store shutdowns resulted in a $3 billion impairment charge. Story by Melissa Fares and Nivedita Balu.
  2. Expect to see fewer front-of-store items, a slimmed-down selection of over-the-counter medications and an emphasis on relationships between pharmacists and customers at Walgreens’ new format stores. Coverage from Melissa Repko.
  3. Brookfield Properties will roll out a new contactless shopping experience based on 3D and artificial intelligence (AI) technologies via Fit:Match. Reporting from Dan Berthiaume.
  4. Meijer is banning cash at self-checkout stations due to a coin shortage. Story by Kat Martin.

Source: Macy’s posts nearly $4 billion in losses, doesn’t expect another shutdown | Reuters

Source: Walgreens says new small-format store personalizes care, could help in ‘pharmacy deserts’ | CNBC

Source: Brookfield Properties to bring AI-based apparel shopping to three centers | CSA

Source: Coin Shortage Prompts Meijer to Ban Cash at Self-Checkout | Winsight Grocery Business

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