FINANCE

Costco quarterly sales top $60 billion mark for first time; charters ocean vessels

Costco Wholesale Corp. ended a strong year on an even stronger note, topping the $60 billion mark in quarterly net sales for the first time in its history.
Fast-growing convenience-store chain Yesway files to go public

Just six years after its founding, Yesway is looking to enter the public arena.

Amazon offers loans up to $100,000 for small sellers

Small-to-medium-sized businesses selling products via Amazon storefronts have new, expanded financing options.
Warby Parker shares financial outlook ahead of going public

Warby Parker provided financial guidance for its third quarter and fiscal year as it prepares to make its debut in the public arena on Sept. 29.
Mattress Firm parent exploring potential IPO

Mattress Firm Group Inc. has taken the first step in going public.
Foot Locker completes acquisition of U.S. footwear retailer Eurostar; names COO

Foot Locker has added another brand to its portfolio.
Walgreens in strategic agreement with New York State’s largest health care provider

Walgreens has entered into a five-year partnership with Northwell Health to advance “health equity” throughout New York State and expand digital health services and retail and specialty services for its residents.
NPD: Consumers are shopping less, but spending more per visit

The COVID-19 pandemic has led to an increase in the average amount U.S. consumers spend on each shopping occasion, both online and in-store.
Panasonic acquires Blue Yonder in $7.1 billion blockbuster deal

Panasonic is now the full owner of Blue Yonder.
Double-digit holiday sales increase is retailers ‘to lose,’ says AlixPartners

Holiday sales are poised for one of their biggest increases in decades.
Survey: Nearly half of consumers will boost holiday spending

Many shoppers intend to spend more money on the holidays in 2021 due to COVID-19’s impact on their 2020 celebrations.
Dutch Bros. goes public with big expansion plans

Dutch Bros. Inc. made its public debut Wednesday, after its initial public offering came in well above expectations.
Survey: 36% of holiday shoppers to increase spending, highest number since 2018

Another study is forecasting a record holiday for retailers — and cautions them to pay attention to consumers’ changing habits around media consumption.
Kroger beats Street with sales, earnings in Q2

The Kroger Co. exceeded analyst expectations for revenue and net earnings in the second quarter of fiscal 2021, and raised full-year guidance.

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.