L.L. Bean reported its largest net revenue increase in the past nine years — and busiest holiday season in 20 years — as consumers sought out gear for outdoor adventures during the pandemic.
Visa and Mastercard’s decision to delay an estimated $1.2 billion increase in credit card interchange fees was cheered by the retail industry, which wants the companies to cancel the planned increase altogether.
Williams-Sonoma reported better-than-expected sales and earnings as consumers continued to invest in their homes amid the pandemic and provided an upbeat outlook for the current year.
