Williams-Sonoma finishes year strong fueled by soaring digital salesWilliams-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. Dollar General to open 1,050 stores this year; expand two new formatsDollar General reported strong sales in its fourth quarter but noted that same-store sales are down in recent weeks as the nation’s economy starts to slowly re-open from the pandemic. Five Below opening 170 to 180 stores; expanding new, higher-priced in-store concept Five Below finished an ‘unprecedented’ year with earnings, net sales and comparable sales that topped analysts’ expectations. Fitch: Pandemic did not drive all retail bankruptcies in 2020 The COVID-19 pandemic was not the main factor behind all retail bankruptcies last year. Retail sales fall in February amid winter storms; quick rebound expected U.S. consumers cut back on spending in February as harsh winter weather across the country took a bite out of sales. Easy 2020 money stalled retail bankruptcies that will take place in 2021 Plentiful financing offered to retail chains stymied by the COVID-19 pandemic allowed many whose businesses had already been declining to hang on to life in 2020. But 2021 could be their downfall. Tim Hortons invests $64 million in Canadian tech, menu items Tim Hortons is funding digital innovation as part of its Canada-focused “Back to Basics” program. Designer Brands Q4 sales fall; cites ‘room to grow’ The parent company of DSW ended the year on a tough note as the pandemic continued to impact its store traffic and sales of dress shoes. Citi Trends to open 100-plus new stores by 2023; Q4 same-store sales up 16.7% Citi Trends reiterated its long-term strategic plan and growth targets as it reported nearly a 20% increase in fourth-quarter sales. Toys ‘R’ Us has new owner — again Toys “R” Us has a new owner, one that is committed to bring the brand back to brick-and-mortar. First Previous 208 209 210 211 212 Next Last
