The events of the past year have showcased many businesses’ resilience, but not all were able to make it through unscathed. Businesses have collapsed, jobs have been lost, stores have closed and salaries have been cut. When it came to food production, the supply chain was...
On Thursday (Feb. 25), Domino’s Pizza, Inc. reported 12 percent global retail sales growth in 2020’s fourth quarter (down from 14.8 percent growth the previous quarter), with sales growth stronger in the U.S. than in the international market. Revenues were up 17.9 percent year over...
Target is expanding its 15-year partnership with Apple to open 17 in-store shops that will be dedicated solely to its products, and will double the amount of space now being used. Target is also launching a digital destination for Apple merchandise. Get the Full Story...
In today’s top retail news, Belk has finished its financial restructuring, while Klarna reported $53 billion in gross merchandise volume (GMV) for 2020. Plus, Afterpay is teaming with Stripe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The fourth-quarter earnings at two of the country’s largest sellers of home goods and electronics both benefited from the so-called COVID nesting trend, but the business outlooks given by Wayfair and Best Buy on Thursday (Feb. 25) suggest that an inevitable slowdown is coming. While...
Given that roughly 15 percent, or 690, of TJX Corporation’s off-price retail stores in Europe and Canada are currently still closed due to pandemic restrictions, the Framingham, Massachusetts company’s fourth-quarter results must be taken with a large grain of salt. They are estimated to take...
You might think that the head of a major wine delivery service would be worried about the prospect of Uber’s $1.1 billion acquisition of 60-minute alcohol ordering platform Drizly, but for Drinks.com Co-Founder and CEO Zac Brandenberg that’s not the case. Get the Full Story...
Klarna reported record gross merchandise volume for the full year January to December 2020, with total net operating income exceeding $1 billion, according to a Thursday (Feb. 25) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Belk has finished its financial restructuring, working out an accelerated pre-packaged single-day reorganization. The department store retailer’s plan of reorganization garnered near-full support from its current lenders, according to an announcement. The plan allows for vendors and landlords to receive full payment amid normal ongoing...
