Fitch: Pandemic did not drive all retail bankruptcies in 2020The COVID-19 pandemic was not the main factor behind all retail bankruptcies last year. Easy 2020 money stalled retail bankruptcies that will take place in 2021Plentiful 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. 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. 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. L Brands hikes outlook, brings back dividend; prepares for business separation L Brands Inc. sees brighter days ahead. Walmart invests in Japanese tech giant Walmart is extending its partnership with Rakuten via a $153 million USD investment. Ulta Beauty Q4 sales, profit fall; to open 40 stores this year Ulta Beauty continued to feel the impact of the pandemic in the fourth quarter as its profit and sales fell amid a 12% decline in transactions. First Previous 277 278 279 280 281 Next Last
