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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.

Dollar Tree in ‘very good start’ to holiday amid strong Q3; to renovate 1,250 stores

Dollar Tree reported third-quarter sales and earnings that beat estimates and sounded an upbeat note about the holiday season. 

Abercrombie to close more flagships; posts better-than-expected Q3

Abercrombie & Fitch easily topped Wall Street estimates for quarterly sales and earnings amid cost controls and strong online demand.

2020 continues to be the year of the small seller on eBay.

Best Buy Co. reported third-quarter profit, revenue and same-store sales that were above expectations, but sounded a warning note about the holiday season.

Joyrun screen

Walmart is continuing to strengthen its in-house capability to deliver online orders. The discount giant is purchasing the talent, technology platform, and intellectual property of JoyRun, a Silicon Valley-based startup.

man and woman holiday shopping

The National Retail Federation issued an upbeat holiday forecast despite the ongoing COVID-19 pandemic, citing a strong stock market, rising home values and record personal saving rates.

Guitar Center sign

Guitar Center has filed for Chapter 11 bankruptcy protection with plans to reduce its debt by $800 million. The largest seller of musical equipment in the U.S.  said it plans to keep its nearly 300 U.S.

Foot Locker Inc. delivered strong top- and bottom-line growth in the third quarter with profit and same-store sales blew past expectations.

Ahold Delhaize is putting money behind its promise to boost its omnichannel presence in the U.S.

The Children’s Place is approaching its critical fourth quarter with caution as it deals with a range of factors, from “historically low demand” for holiday dress-up to rising COVID-19 cases to added delivery costs.

Williams-Sonoma is heading into the holidays on the heels of a strong third quarter, fueled by record sales at its namesake brand and as consumers continue to spend on all things related to the home.

Macy’s Inc. reported a narrower-than-expected third-quarter loss but its sales fell as spending declined on apparel and accessories amid the pandemic.

Retail Ecommerce Ventures has acquired yet another iconic — and bankrupt — retail brand.

Target Corp. reported a blockbuster quarter that easily outpaced Street estimates as the discounter continues to leverage and benefit from pandemic-related shopping trends.

The Home Depot will acquire HD Supply Holdings, a national distributor of maintenance, repair and operations products in the multifamily and hospitality end markets.

Justice has found a new home. 

Walmart Inc. reported another strong quarter as its e-commerce sales continued to soar amid the pandemic. 

The TJX Cos. reported third-quarter sales and earnings that beat the Street and said it plans to reinstate its quarterly dividend payment.

Victor Sahn has specialized in bankruptcy law going on 40 years, and he says that what’s happening in retail Chapter 11 situations during the pandemic is something entirely new.

BJ's Wholesale Club Holdings reported better-than-expected third-quarter profit and sales fueled by strong online growth.

Bed Bath & Beyond Inc. continues to make progress in its goal to streamline its portfolio and shed non-core businesses. 

VF Corp. is adding a hot streetwear brand with 12 stores and a cult following to its portfolio. 

The Home Depot reported a strong quarter as it continues to benefit from consumers’ increased spending on home improvement projects amid the pandemic.

Atlanta, Houston, and Orlando were the metropolitan areas leading the road to retail recovery in October.

Casey’s General Stores is expanding its presence in the Midwest.

Pet Valu plans to “wind down” its U.S. operations due to the severe impact from COVID-19.

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