FINANCE

Victoria’s Secret to close 250 stores this year — with more to come

L Brands is shrinking the store portfolio of its struggling Victoria’s Secret division.
Analysis: On heels of ‘excellent’ first quarter, Lowe’s in a good position

An excellent performance from Lowe’s saw sales increase by 10.9% on a total basis and by 11.2% in comparable terms.
Target’s Q1 sales surge amid strong online growth; COVID-19 costs cut into profit

Target Corp. reported a 10.8% increase in first-quarter comparable sales as its digital sales steadily accelerated during the COVID-19 crisis.
Lowe’s impresses as Q1 profit rises even amid added costs

Lowe’s reported a strong first quarter with sales and profit that beat analyst expectations — and with same-store sales growth that beat rival Home Depot.
Target Q1 2020: By the numbers

On an average day in April, Target Corp. fulfilled more items and orders than it did on last year’s Cyber Monday.
Pier 1 to call it quits

Pier 1 Imports has decided to liquidate after being unable to find a buyer.
ICSC TV ad asks for passage of COVID-19 Recovery Fund

The COVID-19 pandemic has caused many firsts, the latest one being the first national TV ad campaign from the International Council of Shopping Centers.
Kohl’s swings to loss as sales plummet in tough Q1; to cut eight women's brands

Store closures resulting from the COVID-19 pandemic wreaked havoc on Kohl’s first-quarter financial performance.

Store closures hit TJX hard with big Q1 loss; defers Q2 rent to 2022