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.
Macy’s Inc. ended a year of “unprecedented disruption” on a very upbeat note, topping Street estimates and reporting quarterly sales improvements across all three of its brands.
The Home Depot Inc. reported fourth-quarter profit and sales that easily topped Street expectations — including its third straight quarter of 25% comps — as consumers continued to invest heavily in their homes amid the pandemic.
Kohl’s Corp. is pushing back against a group of activist investors who think the retailer is not moving quick enough to address “stagnant sales” and “declining gross margins” — issues that it said predate the pandemic.