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Latest business news covering the retail industry.

Michaels to be acquired for $3.3 billion

The Michaels Companies is being acquired in a deal that values the arts-and-crafts retailer at $5 billion. 

Dollar Tree to open 600 stores in 2021; expanding new ‘combination store’ concept

Dollar Tree reported Q4 sales that missed Street estimates and said it is ramping up its store growth and remodeling, with a push for a new format that combines both its banners. 

The Kroger Co. is holding firm to its nationwide mask mandate even as some states loosen their restrictions. 

A familiar name is ranked number one in the fourth annual Retail Personalization Index.

Charming Charlie is extending its comeback efforts online.

Only 11 metros in the United States equaled or surpassed their average retail sales growth rates from the previous five-year period.

Two of the nation’s leading retail groups are reiterating their support for mask-wearing in the wake of several states dropping their mask mandates. 

Walmart will spend $350 billion in the next 10 years on items made, grown or assembled in the U.S.

A shipping giant is focusing on electric vehicles and sustainable facilities as key components of a plan to achieve carbon neutrality.

New Zealand’s largest home improvement chain is streamlining enterprise communications to enhance store execution.

A heightened emphasis on e-commerce has made brand trust the top priority of consumers, according to a new survey.

Best Buy is providing a full array of health and safety services via Apple Watch.

Bed Bath & Beyond is moving ahead with its big push into store brands, a critical part of the chain’s turnaround strategy.

With COVID-19 immunizations underway, businesses in every industry are grappling with drafting and implementing vaccination policies.

Brides, bridesmaids, grooms and groomsmen will soon be able to shop for their wedding attire under the same roof. 

Target Corp. will build on its record 2020 sales growth by making big annual investments to continue scaling capabilities across its online and brick-and-mortar retail platform.

Target Corp. ended an impressive year on a strong note, with sales and earnings that topped analysts’ estimates as the discounter got a boost from holiday spending and $600 stimulus checks.

Macy’s Inc. is making some changes to its senior leadership team as the company continues to overhaul its business in response to changing consumer behavior. 

Chico’s FAS reported disappointing fourth-quarter sales and gave an update on store closings and its plans to roll out in-store Soma shops.

Paper Source Inc. has filed for Chapter 11 bankruptcy protection with a plan to sell itself.

Trader Joe’s kept its customer satisfaction score steady during 2020, which is more than most other retailers can say.

Kohl’s Corp. ended a tough year on an upbeat note.

The world of Ralph Lauren now includes a subscription apparel rental initiative.

Abercrombie & Fitch Co. reported fourth-quarter earnings and sales that beat Wall Street expectations as it continued to trim its store portfolio.

Walmart is continuing its efforts to draw shoppers away from the Amazon Prime Now same-day delivery service.

Walmart is building up the advertising partner network it launched in January 2020.

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