Retail REITs’ losses declined by half in Q4 2020Though retail real estate investment trusts continue to tread a rough road back to normalcy, strong advancement was made by them during the holiday season. Build-A-Bear Workshop Q4 e-commerce surges 104%; earnings top StreetBuild-A-Bear Workshop reported adjusted fourth-quarter earnings and sales that beat expectations even as its operations continue to be negatively impacted by the pandemic. Washington Prime Group skips interest payment, may be filing bankruptcy Washington Prime Group, owner-operator of nearly 100 malls and shopping centers across the United States, could be preparing a Chapter 11 filing. Children’s Place Q4 tops Street; to close 122 stores in 2021 Children’s Place reported fourth-quarter profit and sales that topped estimates as it continues to downsize its store footprint. Dick’s Sporting Goods to open experiential prototype; Q4 sales rise 19.8% Dick’s Sporting Goods ended its fiscal year on a strong note, maintaining momentum as consumers continue to focus on outdoor activities and home workouts amid the pandemic. Big Lots Q4 mixed; accelerating store openings Big Lots reported a fourth-quarter profit that beat analysts’ expectations and provided an upbeat outlook for the first quarter. Big Split: Saks Fifth Avenue stores, online site becoming separate companies The owner of Saks Fifth Avenue is splitting off the luxury department store retailer’s e-commerce business into a separate entity. Gap swings to Q4 profit buoyed by Old Navy, Athleta; optimistic on 2021 Gap Inc. reported disappointing fourth-quarter sales amid global store closures and ongoing declines at its namesake and Banana Republic brands. Higher benefits take bite out of Costco Q2 earnings; testing curbside pickup Costco Wholesale Corp. reported fourth-quarter earnings below Wall Street expectations. NRF: Signs point to potential record sales growth in 2021 — depending on COVID-19 The pandemic remains the largest uncertainty and the biggest risk the economy faces in 2021. First Previous 201 202 203 204 205 Next Last