Gap Inc. said Tuesday (Nov. 24) that it enjoyed a 61 percent jump in online sales during its fiscal third quarter ended Oct. 31 — offsetting a 20 percent fall in in-store sales due to the ongoing pandemic. The retail giant also said that its...
Nordstrom crossed a critical digital-first economy threshold in its earnings announcement on Tuesday (Nov. 24). It became the first brick-and-mortar retailer to earn the majority of its revenue from eCommerce as 54 percent of its third-quarter take came from digital channels. Get the Full Story...
Dollar Tree, Inc. President and CEO Mike Witynski reported on Tuesday (Nov. 24) that the company’s Dollar Tree segment “delivered its strongest same-store sales performance in the past 10 quarters” in Q3. Get the Full Story Complete the form to unlock this article and enjoy...
JD.com, sometimes referred to as the Amazon of China, saw third-quarter 2020 net revenues surge to $25.7 billion, up 29 percent from the same period the previous year, according to a Monday (Nov. 16) announcement. The increase comes amid a pandemic-boosted surge in eCommerce. Get...
Star Indonesian startup Gojek is moving closer to eventual profitability after staunching a tide of ink amid losses on core services like delivery and ride-hailing, according to a new report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Walt Disney Company reported on Thursday (Nov. 12) as part of its Q4 results that Disney+ had over 73 million paid subscribers at the conclusion of the quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Lemonade reported improved third-quarter earnings on Wednesday (Nov. 11), despite a dip in revenue that it attributed in part to an accounting change. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Lyft reported on Tuesday (Nov. 10) as part of its third quarter earnings results that active riders had risen to 12.5 million from 8.7 million in Q2 on the heels of a major regulatory victory for the gig economy. Get the Full Story Complete the...
Simon Properties continues to defy the odds, posting a pandemic-depleted but profitable quarter Monday (Nov. 9). The mall and outlet center real estate investment trust managed to post a profit despite a 91 percent occupancy rate and collecting on only 85 percent of its rents....
