Best Buy sales miss amid inventory, staffing woes; gives upbeat long-term outlookBest Buy Co.’s fourth-quarter sales declined amid Omicron-related staffing and supply chain challenges that constrained inventory more than expected, including some high-demand holiday items. Dutch Bros expects to open least 125 new shops in 2022 in new, existing marketsDutch Bros Inc. is moving East as it ramps up store growth. Sears real estate spinoff explores alternatives; Eddie Lampert exits board Seritage Growth Properties announced Tuesday it is exploring strategic alternatives for its business. DoorDash adds in-store ordering and payments with acquisition DoorDash Inc. is purchasing a hospitality technology startup. Kohl’s Q4 income dips; CEO ‘confident’ about future growth Kohl’s reported a mixed fourth quarter as earnings topped estimates and sales came up short. Circle K partnership with online grocer includes investment Circle K is taking a financial stake in online grocer Farmstead as the two companies partner to explore distribution and fulfillment opportunities. Wendy’s in new franchise initiative to attract underrepresented populations The Wendy's Company is launching a new franchise recruitment initiative aimed at increasing restaurant ownership among “underrepresented populations.” Etsy soars in Q4; raising seller transaction fee Etsy ended the year with top- and bottom-line results ahead of expectation. Chicken Salad Chick ramping up expansion in 2022 Chicken Salad Chick is on a roll. Foot Locker shifting vendor mix: less Nike, more DTC; opening more off-mall stores Foot Locker expects its revenue to fall this year as it expects it will no longer be able to sell as many products from its top vendor, Nike. Bath & Body Works CEO to step down; Q4 sales rise 11% In a move that caught the industry by surprise, the chief executive of Bath & Body Works is leaving in May. Authentic Brands Group acquires majority stake in David Beckham brand Authentic Brands Group is adding another brand to its ever-expanding portfolio. First Previous 112 113 114 115 116 Next Last
