No company wants to be given a $20 billion haircut in the markets, but that’s exactly what happened to Walmart on Thursday (Feb. 18), as the company’s adjusted earnings per share came in about 13 cents, or 8 percent, less than analysts were counting on....
Strong Asian demand for leather bags, wallets and even $900 sneakers saw the French luxury design house and retailer Hermès post a 12.3 percent increase in fourth-quarter sales, as the company announced on Friday (Feb. 19) from its headquarters in Paris. The strength of its...
Home décor specialty retailer Kirkland’s, Inc. reported as part of its preliminary Q4 results on Friday (Feb. 19) that it anticipates a comparable sales rise of 1.8 percent, with the inclusion of online commerce expansion of 35.5 percent, according to an announcement. Get the Full...
Wholesale marketplace Abound landed $22.9 million in a Left Lane Capital-led Series A financing round, with further support from Red Antler, All Iron Ventures and RiverPark Ventures, according to a Friday (Feb. 19) announcement. Get the Full Story Complete the form to unlock this article...
The everything-from-home economy has brought pain to the pump – and is forcing C-store (and other) operators to pivot. Earnings season has shown the ripple effects of the great digital shift. Simply put, we’re not on the road as much – not for work or...
Cosmopolitan Magazine and Klarna, the global payment and shopping platform, will be holding their second “Hauliday by Cosmo x Klarna” virtual shopping event, a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
As vaccines roll out around the world, COVID-19 testing also continues to become more advanced and more widely available. In the near future, the Kroger grocery chain will serve as a destination for COVID-conscious consumers looking for quick, reliable antigen test results: Upon FDA approval,...
In today’s top retail news, Rent-A-Center, Inc. has closed on its acquisition of Acima Holdings, while Tanger Factory Outlet Centers, Inc. announced that it has collected 95 percent of Q4 rents. Also, Batteries Plus has revealed plans to open 50 new retail locations this year....
Blue Apron has had a strong year, as homebound consumers turn to meal kits to enjoy fresh cooking without the risks and inconveniences of grocery shopping. In the fourth quarter, net revenue rose 22 percent year over year to $115.5 million, per a company announcement...
