Retail – Karolingische Klosterstadt Fri, 17 Sep 2021 21:06:10 +0000 en-US hourly 1 Retail – Karolingische Klosterstadt 32 32 Today in retail: Facebook, Amazon Fri, 17 Sep 2021 21:06:10 +0000

In today’s top retail news, Facebook is showcasing new tools for businesses to connect with consumers, while Amazon says it has received more than 500,000 applications for jobs in the United States and over a million applications worldwide. In addition, a men’s clothing resale market received $ 60 million in funding to improve its platform, and an omnichannel retail management platform agreed to acquire Inventory Planner.

Facebook unveils new online shopping tools

Facebook is introducing new tools for businesses to connect with potential customers on its app with the goal of becoming a destination for online shoppers. The new features will allow businesses to send emails to consumers through the Facebook Business suite, allow employees to manage business pages without needing to log in with their personal accounts, and add a WhatsApp button to business profiles on Instagram.

Amazon Career Day sees over 1 million job applicants

More than a million people from over 170 countries applied for jobs at Amazon on its Virtual Career Day earlier this week, with more than 220,000 job seekers tapping into the website for guidance business leaders and experts. Amazon has seen more than 500,000 people apply for corporate, technology and hourly jobs in the United States since the announcement of Career Day on September 1.

Men’s Fashion Market Gains $ 60 Million in GOAT Group Led Round

New York-based menswear resale platform Grailed has raised $ 60 million in a Series B funding round led by sneaker market ownership group GOAT. Grailed intends to use the funding to improve its authentication services and strengthen its existing payment processing system, among other goals.

UK Based Brightpearl Launches Inventory Planner

Omnichannel retail management platform Brightpearl has entered into an agreement to acquire the Inventory Planner inventory projection solution for undisclosed terms. The merger gives Bristol, England-headquartered Brightpearl enhanced inventory forecasting capabilities that complement its retail operating system, helping traders scale and automate quickly and seamlessly .

Sears to close last store in home state of Illinois

Sears will close its last Illinois-based department store, located at Simon Property Group’s Woodfield Mall, on November 14, ending the retailer’s stay in its home state. Sears Holdings, which also owned Kmart, filed for bankruptcy in October 2018 before Transformco acquired Sears and subsequently closed a large number of branches across the country. When it filed for bankruptcy, Sears had approximately 700 stores; there are now less than 40.

The Big Retail Conundrum: Easy Returns Are Expensive, But Boost Ecommerce Loyalty

David Morin, senior director of retail and customer strategy at Narvar, told PYMNTS that as merchants continue to face an increase in returns, “it’s really essential for retailers to think about how to make the overall experience as easy as possible, as smooth as possible. , as smooth as possible. Still, retailers should be wary of fraud prevention and revenue protection, which can mean limiting the number of returns a customer can make or promoting exchanges rather than full returns.



On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.

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The next to lead the Gap brand in Britain’s retail upheaval Fri, 17 Sep 2021 09:49:00 +0000

LONDON, Sept. 17 (Reuters) – UK clothing retailer Next (NXT.L) has reached an agreement with Gap (GPS.N) to manage the American brand’s activities in the UK and Ireland, further strengthening its presence in the market after demonstrating resilience during the COVID-19 pandemic.

The deal gives Gap the opportunity to retain a significant presence in Britain and Ireland, having closed stores in those markets earlier this year. Read more

The two groups will form a joint venture to operate Gap’s e-commerce business on the NEXT Total platform, set up Gap branded stores and provide click-and-collect options for online customers from 2022.

Shares of Next rose 1.6% at 0842 GMT, taking their 2021 gains to 16.3%.

The partnership echoes steps taken by online retailers ASOS (ASOS.L) and Boohoo (BOOH.L) to grab fashion brands that have gone out of business in the UK and are no longer available in the greater public.

ASOS bought the Topshop, Topman, Miss Selfridge and HIIT brands in February from the directors of Philip Green’s collapsed Arcadia group for £ 265million. Read more

In January, Boohoo bought the non-administration Debenhams brand for £ 55million and in February the Dorothy Perkins, Wallis and Burton brands from Arcadia directors for £ 25.2million.

Next will own 51% of the JV, while Gap will own 49%.

Gap will be able to use the Next store network in the UK and Ireland of approximately 500 stores.

Next is also present online in over 70 countries and sells its own brand and over 700 other fashion, home and beauty brands.

“Gap is partnering with Next … to expand our omnichannel business and meet our customers in the UK and Ireland where they currently shop,” said Mark Breitbard, CEO and Chairman of Gap Global.

In July, Next raised its profit forecast after pent-up demand for adult clothing and warm weather helped it crush sales forecasts. Read more

Reporting by James Davey; Editing by Kate Holton and Alexander Smith

Our Standards: Thomson Reuters Trust Principles.

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S&P ends slightly lower as higher Treasury yields offsets robust retail data Thu, 16 Sep 2021 21:59:00 +0000
  • Retail sales rise unexpectedly in August
  • Crude prices retreat, putting pressure on energy stocks
  • Ford announces increase in production of electric pickups
  • Indices: Dow down 0.18%, S&P down 0.16%, Nasdaq up 0.13%

NEW YORK, Sept. 16 (Reuters) – The S&P 500 (.SPX) ended slightly lower on Thursday, crushing late trading losses after surprisingly strong retail sales data underscored the strength of the US economic recovery.

All three major indices spent much of the day in negative territory as rising US Treasury yields put pressure on market-leading tech stocks and the rising dollar weighed on exporters. Read more Inc (AMZN.O), supported by strong online sales in the Commerce Department report, helped push the Nasdaq into positive territory.

“Looking at today we have clearly had positive news from retail sales and it looks like the massive downturn in the economy is not materializing as many people expected,” said Ryan Detrick, Senior Strategist markets at LPL Financial in Charlotte, North Carolina. .

“It’s a good reminder that the economy always takes two steps forward for every step back, even amid COVID concerns,” Detrick added.

Economically sensitive transport (.DJT) and electronic chips (.SOX) were among the most successful.

Data released before the opening bell showed an unexpected increase in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of consumer resilience, which contributes around 70% to American economic growth. Read more

“Once again, this shows that the American consumer continues to spend and continues to help this economy grow,” said Detrick.

A sign indicating Wall Street is visible in front of the New York Stock Exchange (NYSE) in New York, New York, United States, July 19, 2021. REUTERS / Andrew Kelly / File Photo

The Dow Jones Industrial Average (.DJI) lost 63.07 points, or 0.18%, to 34,751.32; the S&P 500 (.SPX) lost 6.95 points, or 0.16%, to 4,473.75; and the Nasdaq Composite (.IXIC) added 20.40 points, or 0.13%, to 15,181.92.

Eight of the S&P 500’s top 11 sectors ended lower, with materials (.SPLRCM) suffering the largest percentage decline.

The consumer discretionary spending (.SPLRCD) sector posted the biggest gain, with doing the heavy lifting.

Apparel company Gap Inc (GPS.N) gained 1.6%. Online marketplace Etsy Inc (ETSY.O) and luxury accessories company Tapestry Inc (TPR.N) rose 3.1% and 1.9% respectively.

Ford Motor Co (FN) rose 1.4% after announcing plans to increase production of its F-150 electric pickup model. Read more

Falling issues outnumbered advancing ones on the NYSE by a ratio of 1.27 to 1; on the Nasdaq, a ratio of 1.06 to 1 favored advances.

The S&P 500 posted nine new 52-week highs and a new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.

The volume on the US stock exchanges was 9.37 billion shares, compared to 9.44 billion on average over the last 20 trading days.

Reporting by Stephen Culp; Additional reporting by Ambar Warrick in Bengaluru; Editing by Richard Chang

Our Standards: The Thomson Reuters Trust Principles.

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China’s retail sales grew much slower than expected in August Wed, 15 Sep 2021 02:00:00 +0000

People walk in front of Taikoo Li Sanlitun Shopping Mall in Sanlitun Shopping District on August 31, 2021.

Artiom Ivanov | TASS | Getty Images

BEIJING – China’s retail sales rose 2.5% in August from a year ago, as the country faced the worst outbreak of Covid-19 since its initial spread in early 2020.

Data on consumer spending released by the National Bureau of Statistics on Wednesday is well below the 7% growth forecast from analysts polled by Reuters.

Growth in industrial production was also slightly lower than expected, up 5.3% in August against a forecast of 5.8% growth.

Capital investment for the first eight months of the year was up 8.9% from a year ago, the data showed.

Mainland China controlled an outbreak in late July of the highly contagious delta variant in mid-August. As part of Beijing’s “zero tolerance” policy, authorities had imposed travel restrictions and local blockages inside the country for much of the summer vacation.

Learn more about China from CNBC Pro

Last month’s numbers also compare to a higher base than the first half of the year, with China already largely emerging from the peak of the coronavirus pandemic last summer.

The unemployment rate in cities was unchanged from July at 5.1% in August, while that of those aged 16 to 24 edged down to 15.3%.

This is last minute news. Please check for updates.

– CNBC’s Yen Nee Lee contributed to this report.

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The Very Good Food Company Expands US Retail Presence with Earth Fare Supermarkets Tue, 14 Sep 2021 12:00:00 +0000

U.S. Distribution Boosts 75% With VERY GOOD Products Coming Soon to 825 Outlets Across North America

Vancouver, British Columbia – (Newsfile Corp. – September 14, 2021) – The Very Good Food Company Inc. (TSXV: VERY) (OTCQB: VRYYF) (FSE: 0SI) (“VERY WELL“or the”Society“), a leading plant-based food technology company, is pleased to announce that it is expanding its US retail presence with Earth Fare, a US supermarket specializing in health and wellness. Meat Alternatives and its brand new line of gluten-free and soy-free products, Butcher’s Select, will be rolled out at Earth Fare’s 23 locations in major states including North Carolina, South Carolina, Florida, Tennessee, Virginia, Georgia, Ohio and Michigan.This brings the total number of U.S. stores that will carry the company’s products to 175 locations in 20 cities across 15 states, and across North America, our products will soon be available in 825 points of sale.

Earth Fare is one of the largest natural and organic food retailers in the United States. At the heart of its mission, and aligned with the values ​​of VERY GOOD, is Earth Fare’s belief in providing consumers with the cleanest, highest quality ingredients.

“Demand for our premium herbal products is increasing and the partnership with Earth Fare is the first time our products will be on retail shelves in the Southeastern United States. dynamic, ”said Mitchell Scott, co-founder and CEO of The Very Good Food Company. “Growing our presence in US retail stores is a top priority for VERY GOOD as it is an area where we see strong growth potential. We plan to secure additional distribution points in US stores by the end of the year and into 2022. ”

Just last week, VERY GOOD announced that it has expanded its retail presence in Eastern Canada and Quebec. The company’s Very Good Butchers line of products is now available in Quebec at 10 Rachelle Béry health food stores and online throughout the Greater Toronto Area via the Voila by Sobeys online home delivery service (voila. that).

About The Very Good Food Company Inc.

The Very Good Food Company Inc. is an emerging plant-based food technology company that produces nutritious and delicious plant-based meat and cheese products under VERY GOOD’s main brands: The Very Good Butchers and The Very Good. Cheese Co.


Forward-looking information

This press release contains forward-looking information for the purpose of providing information about current expectations and management’s plans for the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Such forward-looking information may be identified by words such as “proposed”, “expects”, “the intention of”, “could”, “will” and similar expressions. Forward-looking information contained or referenced in this press release includes statements regarding, but not limited to: upcoming distribution to Earth Fare stores in the United States; the expected future expansion of retail distribution of VERY GOOD in the United States and the benefits the Company expects to derive from it; as well as the number of retail outlets in North America in which the Company will be available. Forward-looking information is based on a number of factors and assumptions which were used in developing such information, but which may prove to be inaccurate, including, but not limited to, material assumptions regarding the availability of sufficient financing on reasonable terms to fund the capital and operating needs of VERY GOOD, the continued strong demand for VERY GOOD products, the successful placement of VERY GOOD products in retail stores and the continued growth of the e-commerce, the ability of VERY GOOD to successfully enter new markets and manage its international expansion, the ability to increase production capacity and obtain the necessary production equipment, the availability of labor work as well as the accuracy of construction schedules and cost estimates for commissioning production lines at the Rupert and P facilities atterson of VERY GOOD and the timely receipt of required permits, VERY GOOD relationship with its suppliers, distributors and third party logi suppliers of stics, and the Company’s ability to position itself VERY GOOD competitively. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, one should not place undue reliance on forward-looking information as VERY GOOD cannot guarantee that such expectations will prove to be correct. The risks and uncertainties that could cause the actual results, performance or achievements of VERY GOOD to differ materially from those expressed or implied in this forward-looking information include, among others, the impact, uncertainties and associated risks. to the ongoing COVID-19 pandemic, negative cash flow and future funding needs to sustain and expand operations, limited operating and revenue history and no earnings or dividend history, facility expansion, competition, availability of raw materials, dependence on senior management and key personnel, general business risk and civil liability, food industry regulation, changing laws, regulations and guidelines, compliance with laws, adverse consumer publicity or perception, product liability and product recalls, intellectual property risks, difficulties with forecasting, growth management and litigation. For a more complete discussion of the risks facing VERY GOOD, please see VERY GOOD’s most recent annual information form filed with the Canadian securities regulatory authorities at The forward-looking information contained in this press release reflects the Company’s current expectations, assumptions and / or beliefs based on information currently available. Any forward-looking information is only valid as of the date on which it is made and, except as required by applicable securities laws, VERY GOOD disclaims any intention or obligation to update any forward-looking information, whether at the more new information. , future or other events or results. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Mitchell scott
Chief Executive Officer
The Very Good Food Company Inc.

Sabine Srubiski
Director, Investor Relations
The Very Good Food Company Inc.

To view the source version of this press release, please visit

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Big C targets Cambodia’s retail dominance with store blitz Fri, 10 Sep 2021 21:44:00 +0000

Big C targets Cambodia’s retail dominance with store blitz

Retail giant to open hundreds of hypermarkets, supermarkets and Mini Big Cs

In the photo on the left, Thai Ambassador to Cambodia Panyarak Poolthup, Cambodian Under Secretary of State Penn Sovicheat and Suwin Somsri, Vice President of Big C Cambodia, at the opening of the first Mini Big C store in Phnom Penh on September 5.

Big C Supercenter Plc plans to increase its investment to expand its retail business in Cambodia over the next five years.

“With our five-year plan, we aim to become the # 1 retailer in Cambodia in terms of value, size and perception among Cambodian customers,” said Gary Hardy, COO.

Mr Hardy said the company will open hundreds of Big C stores of various sizes and formats, in Phnom Penh and other major cities such as Siem Reap and Battambang. Formats include hypermarkets, supermarkets and Mini Big C.

Although the exact investment figures were not disclosed, he said the expansion will be through stores he will own, although the potential of a franchise model can be explored at the to come up.

The company expanded its retail business in Cambodia by opening the first Big C hypermarket in the border town of Poipet a few years ago.

Recently, Big C opened its first Mini Big C store at Depo Market located on Jawaharlal Nehru Boulevard in Phnom Penh.

“Cambodia is the third country in Southeast Asia in which Big C has grown after successful entries in Thailand and Laos. We opened our store in Phnom Penh during the pandemic because we are optimistic about the long-term market potential, ”said Mr. Hardy.

“There are 15 million inhabitants in Cambodia and Phnom Penh is a commercial center of 2 million inhabitants. Given the similarities in tastes of Cambodians and Thais, there are opportunities to develop Big C products and brands such as Happy Price and Besico.

Logistics and a supply chain are simple to develop crossing the border from Bangkok to Poipet and from Vietnam to Phnom Penh, he said.

“We predict that Big C’s expansion in Cambodia will not only bring retail knowledge, but also create thousands of new jobs over five years,” Mr. Hardy said.

The company describes Mini Big C at Depo Market as providing an omnichannel shopping experience for Cambodian customers.

About 80% of Mini Big C Phnom Penh’s products are imported from Thailand, with 20% local products.

“The retail market in Cambodia is attractive,” he said.

“Its development is very similar to that of Thailand 20 years ago, when people switched from shopping in wet markets or food markets to the modern retail channel. In addition, there is no dominant player in the market there.

Mr Hardy admitted that there remains a tough operating environment in Cambodia, forcing the company to adapt to different laws and regulations.

Operation Big C in Cambodia is managed by a Thai team and local staff.

In addition to Cambodia, the company is committed to continuing its retail expansion in Thailand.

Big C plans to open two hypermarkets in Thailand in the fourth quarter of this year and 150 Mini Big Cs this year.

There were 1,616 Big C retail stores operating in various formats in Thailand in the second half of this year, up from 1,448 stores in the same period last year.

Of the total, 152 stores are Big C hypermarkets, 61 Big C Markets, 1,259 Mini Big C and 144 are Pure pharmacies.

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The new director of DKO Architecture on the retail overhaul Wed, 08 Sep 2021 01:56:22 +0000

DKO Architecture has announced the appointment of Frank Alvarez as new Commercial and Joint Director.

Alvarez was previously Director at Ignite Architects and Global Retail Leader at Woods Bagot. Prior to that, he was part of the design management teams at Westfield (Scentre Group), where he gained much of his experience. Alvarez says he’s passionate about cross-industry experiences, the effects of consumer behavior, and how to exert a compelling pull on consumers and visitors who aren’t duplicated online. One thing to avoid is to build too much retail.

“We need to update our notion of ‘activating’ spaces only with retail and food service,” he said. “Instead, we should be shaping the next standard by exploring new, workable typologies with the goal of decentralizing stand-alone retail assets and shopping-only districts and reimagining these hubs as cool community lifestyle destinations. and attractive. This is especially important as the Gen Y and Z population matures and moves out of urban settings, while still wishing for the experiences they have had as city dwellers.

“The majority of retail outlets in shopping centers are located on large plots of particularly zoned land and in many cases are surrounded by large parking lots. Given today’s issues regarding relevant retail and the survival of particular brands, a “retail rewrite” aims to create opportunities to reinvent these sites to become thriving micro-communities. The critical factor will be to ensure that this development process is designed from the inside out, with daily community stories as the narrative. The redevelopment and precise integration of the peripheral parts of these sites can become places to live, work, learn, heal, feed and vacation – creating not only a sense of belonging, but also a purpose.

Alvarez believes seismic changes are driven by the consumer and their predominant need for convenience and on-demand lifestyles.

“The consumer is the new ‘point of sale’ because he controls everything from anywhere. As architects and designers, we need to help them bring life to great places with purpose. “

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Retail rapid COVID tests become hard to find in Maine pharmacies Sat, 04 Sep 2021 00:41:00 +0000 Rising COVID cases is just one factor that makes rapid COVID test kits rare in Maine pharmacies

MAINE, US – Retail rapid home COVID test kits are hard to find at many pharmacies in Maine right now.

Several pharmacies are reporting that Abbott and Ellume’s kits are out of stock. A pharmacist who did not want to be identified said NEWS Maine customers were stocking up for fear of long waits for medical tests.

With the increase in cases in Maine, all COVID tests are hard to come by, according to Dr. Nirav Shah, director of the Maine Center for Disease Control.

“Right now, supply remains a concern on the demand side. Things like healthcare facility outbreaks, which are 19 of our 33 healthcare facility outbreaks, require frequent and repeated large-scale universal testing of staff and residents. universal testing means that many labs in the state are currently focusing on responding to epidemic testing, ”Shah said.


“We absolutely hear from you and understand that we need more testing in the state. We are working and we are committed to making that happen,” Shah said.

A retail pharmacy company takes steps to keep tests in stock.

CVS Pharmacy has announced that they will limit the amount of tests customers can purchase at one time. In a statement released on Wednesday, the company said:

In order to meet the needs of our customers for OTC testing, and due to high demand, this week we have introduced product limits of (6) on and (4) at CVS Pharmacy for Abbott testing. BinaxNOW and Ellume. We continue to work with our suppliers to meet customer demand.

Shah said he hoped the tests would become more readily available.

“We are working with the manufacturers of rapid tests to acquire as many of these tests as possible for the state of Maine.”


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Prosegur Security and Eversen Improve Physical Security in Retail with Human-Centric AI Solutions Tue, 31 Aug 2021 23:15:08 +0000

Prosegur Security and Eversen have partnered to reinvent physical security in retail and other industries using human-centric artificial intelligence solutions. The partnership will improve security processes through a common focus on innovation.

As a first step, the two companies will deploy retail-specific solutions focused on checkout intelligence, parking solutions, process automation and supply chain security. Joint customers will reduce risk, including shrinkage, more effectively by equipping their existing workforce with asset protection and loss prevention with real-time alerts that turn AI-powered information into human action.

Future common AI solutions will expand to other industries and leverage Prosegur’s extensive global presence in human and technology applications.

“This new partnership will begin by giving retailers new AI-powered tools to use inside stores as well as in adjacent fast-growing retail services such as curbside pickup and shopping. online-in-store pickup, ”said Tony D. ‘Onofrio, CEO of Prosegur’s global retail business unit. “At the center of this partnership will be the world’s leading retailers who will jointly define with Everseen and Prosegur the AI-based security solutions of the future. Eversen has an impressive track record of developing AI technologies in retail, and all of us at Prosegur look forward to working with his team and quickly realizing our common value proposition across all of the industries we cover.

“Retail is already an important industry for Everseen and Prosegur, and this new partnership reinforces our commitment to improve end-to-end retail processes,” said Alan O’Herlihy, Founder and CEO of Everseen. “We look forward to building on Everseen’s proven AI solutions and growing Prosegur’s customer base with real-time, actionable insights that reduce shrinkage and improve store operations. Prosegur is one of the top three security companies in the world, but the foundation of this partnership is our shared desire and vision to reinvent the security industry by actively adopting innovative technological solutions.

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Cabarrus Center Launches Retail Lab Program | Local News Sat, 28 Aug 2021 03:19:04 +0000

From staff reports

CONCORD– The Cabarrus Center is accepting applications for The Retail Lab, a brand new program created to address the complexities and sometimes intimidating nature of starting and operating a retail establishment.

The Retail Lab will serve existing or potential retail business owners in Cabarrus and Rowan counties. It’s an immersive six-week app-based boot camp, followed by an opportunity for new retailers to test their concept in a pop-up space for six months.

The training camp will take place from October 6 to November 10 on Wednesdays from 6 p.m. to 8 p.m. at the Cabarrus Center in downtown Concord. Applications are open and will be accepted until September 24.

Upon completion of the Boot Camp, participants will have the opportunity to present to the Cabarrus Entrepreneurship Council the use of local pop-up retail spaces and available grants. The Cabarrus Center is looking for other building owners in Cabarrus and Rowan counties who are willing to host a temporary pop-up store in their space.

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The program’s curriculum was designed by Meg Smit, director of the Small Business Center at Rowan Cabarrus Community College, following a survey of existing retailers in the county. “After reviewing the survey results, it was clear that this program needed to combine fundamental business basics with practical day-to-day application. We hope to do just that and will continue to listen to participants in the future to make sure we achieve this goal, ”said Smit.

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