Ulta Beauty Q3 Beats Estimate As It Adjusts To Pandemic
The COVID-19 pandemic hit Ulta Beauty’s financial results for the third quarter ended October 31, but CEO Mary Dillon said the company is coping with new realities.
Retail
Amazon, Yeti File Counterfeit Lawsuit
Amazon and Yeti Coolers, LLC have jointly filed a lawsuit against two U.S.-based individuals for counterfeiting Yeti’s products, including Yeti’s popular Rambler mug. The defendants, said company officials, attempted to offer the infringing products in Amazon’s store, violating Amazon’s policies, Yeti’s intellectual property rights, and the law.
Identical Store, Digital Sales Fuel Kroger Q3
Kroger said key elements in its Restock strategy helped it drive financial results and win market share in the third quarter.
Dollar Tree Appoints Park As Independent Director
Dollar Tree has appointed Winnie Park as a new independent director to the company’s board of directors, effective December 3, 2020.
Ollie’s Stays On Growth Track In Q3
Ollie’s Bargain Outlet remained bullish on its future growth plans after a strong third quarter where the retailer grew both sales and income.
Dollar General Q3 Profits Soar
Dollar General third quarter profits jumped on big comp gains.
Costco Q1 Sales Grow On Double-Digit Comps
For the 12-week first quarter ended November 29, Costco reported double-digit comparable sales gains prior to its earnings release on December 10, with e-commerce advancing rapidly.
Kirkland’s Gains Sales Momentum In Solid Q3
Kirkland’s continues to benefit in-store and online from changing homebound consumer lifestyles and purchasing trends in the third quarter.
Stein Mart To Relaunch As Online Store
On the heels of its turning Pier 1 Imports into an online-only business, Retail Ecommerce Ventures (REV) said that a subsidiary emerged as the winner of a bankruptcy court auction for the intellectual property of Stein Mart Inc. REV expects to relaunch the off-price family fashion and home goods retailer as an online-only store early next year.
Walmart Adds Cash Bonus For Associates
Walmart has given more than $700 million in additional cash bonuses to its U.S.-based associates.
Belk Celebrating Holidays With Store, Online Promotions
Throughout December, Belk is hosting activities including an online holiday home decorating contest and free phone calls from Santa, as well as surprising shoppers with gift cards for the value of their order when they use the company’s free in-store or curbside pickup.
Aaron’s Spins Off As Stand-Alone Operator
Aaron’s has completed a spin-off from its former parent Aaron’s Holdings Co., and will operate as an independent, publicly-traded company, listed on the New York Stock Exchange under the ticker symbol AAN.
Walmart Expands Membership Program Benefits
On December 4, Walmart is adding to the benefit list of its Walmart+ membership program by lifting the $35 shipping minimum on free deliveries from Walmart.com.
Rite Aid Taps Reeves As VP/Diversity
Rite Aid has hired Texanna Reeves, a respected diversity and inclusion leader, to develop and implement the organization’s overall diversity, inclusion and belonging strategy.
At Home Comp Leap Drives Q3 Results
A big comparable store sales jump drove At Home to profits in the third quarter.
Amazon Boosts Investment In Nevada
Amazon is continuing to invest in Nevada with eight new buildings across the state to support customer fulfillment and delivery operations. The sites are expected to create more than 2,000 permanent full- and part-time jobs.
Home Depot To Open Two Distribution Centers In New Jersey
The Home Depot will open two new distribution centers in Perth Amboy, New Jersey, over the next 12 months to support the growing demand for flexible customer delivery options.
Home Depot Builds Pro Trades Program
The Home Depot is expanding on a $50 million trades training commitment announced in 2018 with a new education and job placement program called Path to Pro.
Sell&Buy USA Debuts Made-In-America Marketplace
Sell&Buy USA is launching an online platform to give consumers a marketplace exclusively for American-made products.
NRF: Thanksgiving Weekend Sales Meet Expectations
The annual survey Prosper Insights & Analytics conducts for the National Retail Federation demonstrated that, while not all up in 2020 versus 2019, the sales numbers for the Thanksgiving weekend period still demonstrated that the overall holiday season is on track to meet expectations.