FINANCE

L Brands is shrinking the store portfolio of its struggling Victoria’s Secret division. 

A leading digital commerce platform is introducing solutions for online shopping, fulfillment, delivery and payment, as well as financial tools.

Macy’s on Thursday said it expects first-quarter sales to fall by as much as 45% as its stores remained dark during the COVID-19 outbreak.

Given that all Best Buy’s physical stores were closed for six weeks of the quarter and that it sells mostly bigger ticket discretionary products, a sales decline of 6.3% is nothing short of a remarkable result.

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. 

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

An excellent performance from Lowe’s saw sales increase by 10.9% on a total basis and by 11.2% in comparable terms.

Target Corp. reported a 10.8% increase in first-quarter comparable sales as its digital sales steadily accelerated during the COVID-19 crisis.