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It could be a short road ahead for many apparel retailers if they can't find a way to regain relevance before the industry further falters. In a new study titled, "The Retail Space: An in-depth study of where the industry stands now," by rebranding company Stealing Share, researchers determined that the apparel retail market is in "denial" and "disarray," and that many retailers are in danger of closing their doors.

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Nokia Siemens Networks plans to raise as much as $930 million from public markets this spring to help pay down debt and fund investment, Reuters reported.

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