As it continues to enhance operations that allow the company to offer customers ways to manage money, Walmart has announced the creation of a new fintech startup enterprise designed to develop and offer modern, innovative and affordable financial solutions.
Staples once again is moving to purchase Office Depot, which would consolidate the office superstore channel in similar vein to what has occurred in the electronic and home furnishings specialty retail channels, where Best Buy and Bed, Bath & Beyond dominate on the national scene.
Double-digit identical store sales helped drive Albertsons Cos. fiscal third-quarter profits past a Wall Street estimate.
Ikea Retail U.S. has opened a new, smaller-format store in Rego Park, Queens (New York City) as part of its effort to introduce new formats that bring stores closer to consumers.
To foster effective social change, Kohl’s has made a Pledge for Progress, the company announced, in support of its expressed Core Beliefs.
In an effort to bring support operations closer to customers, Amazon has announced that it plans additional investment in the metro Detroit area with five new buildings.
According to the Bureau of Labor Statistics of the United States Department of Commerce, retail helped hold the line on the unemployment rate in December.
In the second quarter, Bed Bath & Beyond indicated that advances in core categories and digital operations helped drive comparable sales gains and an adjusted earnings turn around, but the company still fell short of a Wall Street earnings estimate.
Ahead of executive appearances at ICR and Wolfe Research events, the At Home Group updated comparable store sales expectations for the fourth quarter ending January 30 as well as its current liquidity position.
Macy’s is closing 45 of its stores this year, including its Water Tower store on Chicago’s Magnificent Mile, as part of a previously announced initiative.
In the first quarter, Walgreens Boots Alliance earnings slipped as the company divested its pharmaceutical wholesale business and boosted its investment in VillageMD while accelerating the rollout of full-service primary care clinics in stores.
Effective January 3, Wayfair established a $15 minimum wage for all employees including full-, part-time and seasonal workers across its operations in the United States, the company has announced.
Costco Wholesale Corp. posted a double digit company comparable sales advance in December.
The Crate and Barrel Spring 2021 Lookbook: A New Warmth is out and about welcoming a calm, clean and cozy aesthetic through inspiring shapes, high-design and gorgeous natural materials, according to the retailer.
Macy’s has appointed Nata Dvir chief merchandising officer of the Macy’s brand, effective February 1.
Amid reports of more store closures as part of its overall strategy, Bed Bath & Beyond has named Patty Wu as svp and general manager for its buybuy Baby banner, effective January 18.
Derek Miller, president of the International Housewares Association has released a letter detailing new ways the organization is linking members digitally and discussing the Inspired Home Show, which will run this summer.
In a rapidly evolving marketplace, Greentouch Home has established the ED Ellen DeGeneres line of bathroom furnishings in a joint venture partnership as it works with popular brands to drive sales and support business expansion.
The Private Label Manufacturers Association will launch its first all-digital trade event for the United States from February 1 to 5 offering category-focused online exhibitions featuring leading suppliers of store brand food and nonfood products available for the U.S. market, it has announced.
Coresight Research indicated that e-commerce in the United States didn’t just grow in 2020 it jumped all the way to 2023.