The U.S. economy should see a “meaningful economy recovery” in 2021 as vaccines battle the pandemic and fresh government stimulus kicks in, according to Chief Economist Jack Kleinhenz of the National Retail Federation (NRF). However, he doesn’t expect U.S. economic growth to return to pre-pandemic...
Warehouse club retailer PriceSmart, Inc. reported as part of its Q1 fiscal 2021 operating results that net merchandise sales climbed 7.7 percent to $838.4 million from $778.7 million in Q1 fiscal year 2020, according to an announcement. Get the Full Story Complete the form to unlock...
CarLotz, Inc. said on Friday (Jan. 8) that it has attained the needed green light from its shareholders, including the go-ahead from a supermajority of minority shareholders, to finish a proposed merger with blank-check company Acamar Partners Acquisition Corp., according to an announcement. Get the...
At a time of huge digital transformation when consumers have quicker access to more products and services than ever, why be clunky if you can be seamless? So goes the thinking of Jason Hogg, the recently hired executive vice president of the Preferred Lease unit...
The new year is here, and the grocery business gets to finally close the book on a difficult and complicated 2020. But while the year may be over, the pandemic that defined it will be an issue for the foreseeable future. Still, according to several...
In today’s top retail news, Walgreens Boots Alliance, Inc. reported that its Retail Pharmacy USA segment had $27.2 billion in sales for Q1 fiscal 2021, while Bed Bath & Beyond reported its digital sales increased by nearly double during its fiscal Q3. Plus, digitally native mattress and...
Digitally native mattress and home goods brand platform Resident landed a $130 million investment headed up by Nexus Capital Management and Ion Crossover Partners with participation from Baron Capital Group in Q4 of 2020, according to a Thursday (Jan. 7) announcement. Get the Full Story...
Department stores like Sears, JCPenney, Lord & Taylor and others have either gone under or closed hundreds of stores, threatening to take down shopping malls where they once served as anchor tenants — but dollar stores are booming. Could rapidly growing Dollar General, Dollar Tree...
Bed Bath & Beyond reported Thursday (Jan. 7) that digital sales nearly doubled during the company’s fiscal third quarter even as overall sales fell 5 percent and the company lost more than $75 million. Get the Full Story Complete the form to unlock this article...
