Bed Bath & Beyond Sets 600 Store Reopenings
As part of a phased initiative, Bed Bath & Beyond plans to reopen more stores and further expand store fulfillment services across North America.
Retail
Walmart Enhances Shopping App
Walmart is continuing to bring its Walmart Grocery and Walmart App experiences together to make it easier for customers to shop everything from fresh groceries to other products.
Ross Stores Q1 Operations Impacted By Pandemic
Ross Stores reported a sales decline and a net loss in its fiscal 2020 first quarter. Both sales and earnings reflect the closure of all Ross Dress for Less and DD’s Discounts locations starting on March 20 through the quarter end due to the ongoing spread of COVID-19 throughout the U.S.
Lowe’s Increases Support For Small Businesses
As small businesses look to reopen in the coming weeks and months, Lowe’s is making a second $25 million commitment to support ongoing COVID-19 relief, bringing the company’s pandemic support to communities to $50 million.
Macy’s Forecasts Challenging Q1 Results
As it adapts to the coronavirus-impacted retail environment, Macy’s has provided preliminary sales and operating results estimates for the 2020 first quarter, which include significantly reduced sales, but also some good news from reopened stores.
BJ’s Q1 Earnings Jump On Big Comp Gain
Amidst the coronavirus crisis, BJ’s Wholesale Club sales and earnings jumped as it provided consumers with essential products.
TJX Reports Q1 Loss But Says Stores Are Reopening
COVID-19 disrupted TJX’s fiscal 2021 first quarter operations, but while posting a deep loss, the company reported reopening its store and e-commerce businesses.
Amazon Investing In Coronavirus Safety Measures
In response to the coronavirus pandemic, Amazon said it is continuing to transform its global operations to keep its associates healthy and safe and still able to keep packages flowing.
Best Buy Q1 Results Better Than Expected
While reporting a sales decline, Best Buy’s first quarter was better than expected, despite the retailer temporarily shifting to a contactless curbside-only operating model for all its domestic stores during the coronavirus pandemic.
J.C. Penney Reopening Stores In Texas, Florida, Ohio, Indiana
Today, May 20, J.C. Penney has reopened 34 Texas stores, 12 Florida stores, 11 Ohio stores, and seven Indiana stores bringing the total it has operating to 153 after temporarily closings due to the COVID-19 pandemic.
Target Q1 Comps Jump As Digital Drives Growth
In the coronavirus-impacted first quarter, Target made big comp gains, with digital driving the sales growth, while earnings fell short as the company had to boost costs focused on employee and consumer safety and health measures.
Ace Hardware Registers Q1 Sales, Earnings Growth
Ace Hardware registered record first quarter results, and the home improvement retailer said that its growth momentum continued into the month of April.
Amazon To Open Wilmington Fulfillment Center
Amazon will open a new, state-of-the-art fulfillment center in Wilmington, Delaware, creating more than 1,000 full-time jobs. It will be the third Amazon fulfillment center in the state.
Lowe’s Comps Surge In Q1
Lowe’s comparable store sales surged during the first quarter, as the home improvement retailer pivoted its operations to address the coronavirus pandemic.
Bed Bath & Beyond Brings Home Support To Communities
Bed Bath & Beyond has initiated a $10 million “Bringing Home Everywhere” program to donate essential items that can help people affected by COVID-19.
Kohl’s Takes Big Q1 Coronavirus Hit
In a retail environment roiled by the COVID-19 pandemic, Kohl’s posted a big loss but detailed how it plans on emerging from the challenging time.
Walmart Soars In Q1 But Grounds Jet.com
Walmart posted strong, coronavirus-influenced results for the first quarter while announcing that it is closing shop on Jet.com.
Kearney: Retailers Should Consider Omnichannel Investments
Kearney has released its annual consumer and retail M&A report, “Time to Reset, Reposition, and Win,” which explores the current and future deal landscape for consumer product and retail companies identifying omnichannel as a key retail acquisition need.
Kirkland’s Reopening Stores As E-Commerce Sales Rise
Kirkland’s has provided an update on store openings, e-commerce sales and its liquidity in light of most states in the company’s store base beginning to lift their stay-at-home orders.
Pier 1 Imports To Liquidate Operations
After a long struggle to improve operations and financial performance, resulting in a Chapter 11 filing, Pier 1 Imports has filed a motion seeking bankruptcy court approval to begin an orderly wind-down of the company’s retail operations after store locations are able to reopen following COVID-19-related closures.