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...
High-end goods reseller Marque Luxury is bucking the trend of moving away from brick-and-mortar sites, augmenting its online platform for used designer handbags, accessories and jewelry by adding showrooms in New York and other major U.S. cities. Get the Full Story Complete the form to...
Walgreens Boots Alliance, Inc. reported on Thursday (Jan. 7) as part of its Q1 fiscal 2021 results that its Retail Pharmacy USA division had $27.2 billion in sales, marking a 3.9 percent rise from the year-ago quarter, including the effect of “store optimization programs” unveiled in...
In the closing weeks of 2020, we learned that the distribution of COVID-19 vaccines will involve a mass retail mobilization. As gifting holidays shifted into high gear after Thanksgiving, The Wall Street Journal reported that “the U.S. Department of Health and Human Services has signed...
If the massive and diverse U.S. auto industry was a car, you could say its ride on “route 2020” was a bumpy one, with lots of blind spots and detours that led to a fairly comfortable downhill finish, which then ran smack into a crazy...
In today’s top retail news, Mall of America modified the terms of its $1.4 billion mortgage, while Macy’s intends to close 45 retail locations. Plus, Hive Brands seeks to become the Whole Foods of sustainable items. Get the Full Story Complete the form to unlock...
Women’s apparel and accessories retailer Charming Charlie hopes to have a big comeback in 2021 some 18 months after the firm fell into bankruptcy and closed all 261 of its stores. The chain — known for scarves, handbags, jewelry and more grouped by color —...
