Best Buy earnings top Street but sales growth slows; cites ‘uncertainty’ as spending shiftsBest Buy Co.’s fourth-quarter earnings topped expectations but its revenue fell short as sales growth started to slow from earlier in the pandemic. Abercrombie & Fitch inks renewable energy dealAbercrombie & Fitch Co. is shifting to renewable energy in its headquarters and distribution centers. Gelson’s Markets to be acquired by Japanese retailer Gelson’s Markets, which will celebrate its 70th anniversary this July, is being sold to a Japanese company looking to expand its fledgling U.S. footprint. Gap Inc. investing $140 million to build Texas DC amid rising online sales Gap Inc. is investing in a new fulfillment center as it looks to double its digital sales during the next couple of years. Store closures take $1 billion bite out of TJX sales in Q4 TJX Cos. reported fourth-quarter earnings and sales that missed expectations as its sales took a big hit from store closures around the world. Lowe’s Q4 tops Street as sales jump 27%; cites broad demand across all departments Lowe’s Cos. reported fiscal fourth-quarter profit and sales that beat expectations as spending on home projects continues to surge amid the pandemic. Etsy commits to net zero emissions goal A handmade and vintage goods e-commerce retailer is stepping up its carbon reduction efforts. Schnucks deploys new tool against in-store coupon fraud A Midwestern grocery retailer is successfully detecting counterfeit coupons at the point-of-sale with a new, free solution. Walmart boosts competition with Amazon for third-party sales Walmart is integrating another major e-commerce platform with Walmart Marketplace and offering a discount to new sellers. Belk files for bankruptcy with eye on speedy exit as plan approved in one day Belk filed for bankruptcy protection with a lender-supported reorganization plan that cut its debt load by about $450 million. First Previous 526 527 528 529 530 Next Last
