ARTICLES BY THIS AUTHOR
- 2/23/2021
Store closures take $1 billion bite out of TJX sales in Q4
TJX Cos. reported fourth-quarter earnings and sales that missed expectations as its sales took a big hit from store closures around the world. - 2/23/2021
Gap Inc. investing $140 million to build Texas DC amid rising online sales
Gap Inc. is investing in a new fulfillment center as it looks to double its digital sales during the next couple of years. - 2/23/2021
Lowe’s Q4 tops Street as sales jump 27%; cites broad demand across all departments
Lowe’s Cos. reported fiscal fourth-quarter profit and sales that beat expectations as spending on home projects continues to surge amid the pandemic. - 2/23/2021
U.S. retail sales in 2021 to rise 6.5% to 8.2% amid vaccine rollout, says NRF
Retail sales in the U.S. this year are expected to total more than $4.33 trillion as more individuals receive the COVID vaccine and the economy reopens. - 2/23/2021
Belk files for bankruptcy with eye on speedy exit as plan approved in one day
Belk filed for bankruptcy protection with a lender-supported reorganization plan that cut its debt load by about $450 million. - 2/23/2021
Gelson’s Markets to be acquired by Japanese retailer
Gelson’s Markets, which will celebrate its 70th anniversary this July, is being sold to a Japanese company looking to expand its fledgling U.S. footprint. - 2/22/2021
Estée Lauder to acquire beauty retailer Deciem in $1 billion deal
The Estée Lauder Companies Inc. has agreed to buy a majority stake in indie beauty brand Deciem Beauty Brand Group Inc. - 2/22/2021
Skincare company Heyday wants to open ‘hundreds of stores’ in next five years
Heyday plans to ramp up its brick-and-mortar expansion via franchising. - 2/22/2021
Consumer confidence at three-month high in February
Consumer confidence rose in February amid the vaccine push and as Americans grew more optimistic about the economy — and travel. - 2/22/2021
Macy’s posts first profitable quarter in a year on strong holiday, digital sales
Macy’s Inc. ended a year of “unprecedented disruption” on a very upbeat note, topping Street estimates and reporting quarterly sales improvements across all three of its brands.