FINANCE

Walmart Q2 earnings soar; e-commerce sales jump 97%

Walmart Inc.’s business continued to surge in the second quarter, with better-than-expected sales fueled by strong demand for food and general merchandise and skyrocketing growth in e-commerce.
Kohl’s Q2 profit plunges but beat estimates; planning ‘conservatively’

Kohl’s Corp. reported better-than-expected second-quarter results but offered a sobering assessment of the months ahead.
Home Depot’s quarterly comp-sales soar 25% as retailer tops Wall Street

If there were any doubts that Home Depot sales would benefit from the home-focused environment ushered in by the global pandemic, they were erased by the company’s second-quarter performance.
Modell’s Sporting Goods’ assets acquired; to live online
Retail sales up in July but uncertainty remains

Retail sales rose for the third straight month after a record drop in April when many stores were closed due to the pandemic.
Study: U.S. bankruptcies on track to hit 10-year high

A total of 424 U.S. companies have gone bankrupt this year as of Aug. 9. This exceeds the number of filings during any comparable period since 2010.
Dillard’s narrows Q2 loss even as sales fall

Expense control paid off for Dillard’s in the second quarter.
J.Jill gets another extension

J.Jill has received two more weeks of breathing room.

Lowe’s in blow-out quarter with earnings near $3B mark