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.
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.
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.
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 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.
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.
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.
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.
