FINANCE

Herman Miller in $1.8 billion deal to buy rival

Modern furniture giant Herman Miller Inc. is entering into a deal that will create a powerhouse in design-driven furniture at a time when consumers are focused on their homes and home offices.
American Eagle on track for $1 billion Q1

Sales are booming across American Eagle Outfitters’ two banners.

Ad Explosion: Retailers poised to become the next media moguls

Expect more retailers to build out their online ad platforms.
Nike heads list of 50 most valuable brands

Nike Inc. has done it — again.
C-store sales fall nearly 14% in 2020 as fuel sales plunge

A steep decline in fuel sales amid the pandemic took a big toll on convenience store sales in 2020.
Restaurant chain winners in 2020 included….

Some restaurant chains fared better than others amid the pandemic — a lot better.
Report: Americans itching to get out and spend their $2 trillion in savings

One of the world’s largest commercial real estate services firms predicts herd immunity will be achieved by September, that the e-commerce/retail mix is stabilizing, and that Americans are dying to get out and spend their $2 trillion in excess savings.
Bed Bath & Beyond swings to Q4 profit; sales miss

Bed Bath & Beyond Inc. reported mixed fourth-quarter results as the ongoing store closures and the sale of its non-core banners — both key to its turnaround strategy — took a toll on its sales.
Mastercard: U.S. retail sales up 26.3% in March, one year since first lockdown

The infusion of stimulus payments, coupled with the broader reopening across the country, gave a boost to retail growth in March as the country reached the one-year mark since the first COVID-19 lockdowns impacted retail sales.
Parent company of Zales, Kay Jewelers enters jewelry rental subscription market

Signet Jewelers has made an acquisition that gives it a foothold in a fast-growing online service that appeal to next-gen jewelry customers.
Salesforce: Stimulus checks spur Q1 online spending

The release of government stimulus payments in March helped drive strong e-commerce performance in the first quarter of 2021.
Home Depot completes $8 billion acquisition

The Home Depot has completed its acquisition of a business it sold some 13 years ago.
Report: American Dream fallout as lenders to take equity stake in Mall of America

Bankers are reportedly set to take a minority stake in the two largest malls in North America after their owner defaulted on its massive, 3.3 million-sq.-ft. retail and entertainment development in New Jersey.
Michaels to be acquired for $3.3 billion

The Michaels Companies is being acquired in a deal that values the arts-and-crafts retailer at $5 billion.

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.