Dick’s Sporting Goods to open experiential prototype; Q4 sales rise 19.8%Dick’s Sporting Goods ended its fiscal year on a strong note, maintaining momentum as consumers continue to focus on outdoor activities and home workouts amid the pandemic. Big Split: Saks Fifth Avenue stores, online site becoming separate companiesThe owner of Saks Fifth Avenue is splitting off the luxury department store retailer’s e-commerce business into a separate entity. Gap swings to Q4 profit buoyed by Old Navy, Athleta; optimistic on 2021 Gap Inc. reported disappointing fourth-quarter sales amid global store closures and ongoing declines at its namesake and Banana Republic brands. Higher benefits take bite out of Costco Q2 earnings; testing curbside pickup Costco Wholesale Corp. reported fourth-quarter earnings below Wall Street expectations. NRF: Signs point to potential record sales growth in 2021 — depending on COVID-19 The pandemic remains the largest uncertainty and the biggest risk the economy faces in 2021. Tailored Brands secures $75 million lifeline Tailored Brands Inc. has secured some badly needly additional financing less than three months after it exited bankruptcy. Big Lots Q4 mixed; accelerating store openings Big Lots reported a fourth-quarter profit that beat analysts’ expectations and provided an upbeat outlook for the first quarter. BJ’s more than doubles Q4 profit, launches online EBT program BJ’s Wholesale Club had a generally strong fourth quarter and is accepting federal benefit payments for online orders in select locations. Mastercard: U.S. retail sales up 4.6% in February; apparel continues to move online Consumers didn’t let inclement weather put that big of a dent in their spending during the month of February, particularly when it came to shopping online. Joann sets terms for IPO Joann is leveraging the surge in arts-and-crafts amid the pandemic to go public. First Previous 210 211 212 213 214 Next Last
