FINANCE

Amazon reports third consecutive $100 billion quarter, but still disappoints

Amazon blew past analysts’ second-quarter earnings expectations but its sales — and third-quarter forecast — missed the mark.
Lessons Learned From the Reorganization of Sur La Table

As with most predominantly brick-and-mortar retailers, Sur La Table had to implement an almost overnight shutdown of its 130-plus stores at the start of the COVID-19 pandemic in early 2020.

Justice’s online relaunch is off to promising start

Tween apparel brand Justice is obtaining some impressive early results in the first 90 days of going live with its new e-commerce site.
Dick’s Sporting Goods details environmental, social goals

Dick’s Sporting Goods remains committed to improving the environment, supporting youth sports and creating an inclusive workplace for its employees.
Cold brews drive strong Q3 sales for Starbucks

Starbucks Corp. reported third-quarter earnings and sales that topped estimates amid soaring U.S. sales of cold beverages.
Selfridges on the selling block

The “For Sale” sign is up at trend-setting Selfridges.
Survey: Back-to-school shoppers cross channels

A vast majority of back-to-school consumers will shop both in-store and online, and almost two-thirds have already started.
ThredUp jumpstarts European expansion with $28.5 million Remix acquisition

A leading online resale marketplace for apparel and accessories is accelerating its European growth plans.
At Home completes transition to private company

A $2.8 billion acquisition of At Home Group Inc. has gone through.
Consumers will return to pre-pandemic back-to-school shopping habits

As COVID-19 shows signs of receding, consumers are returning to stores and starting earlier for their back-to-school shopping needs.
C&S Wholesale Grocers acquires Albertsons frozen service contract

The Albertsons Cos. has a new wholesale supplier of frozen foods.
Survey: Retailers prioritize back-to-school over holiday

Retailers have big hopes for the back-to-school season, with six in 10 saying it is more important than the upcoming holiday shopping period.
Survey: E-commerce set to soar for the holidays

A new survey indicates online will remain the primary channel for Americans to complete their holiday shopping in 2021.
Price spikes boost Q2 consumer spending; retailers face costly holiday

The Q2 Salesforce Shopping Index indicates digital revenue growth is slowing, but online prices are being impacted by rising inflation.

Coverage and analysis on finance news, including quarterly results, general retail sales and bankruptcy filings, for the retail channel brought to you by Chain Store Age.