Retail

Retail
J.C. Penney Ramps Up Black Friday Deals

J.C. Penney is ramping up its holiday savings beginning November 20 through Black Friday weekend, November 25-28, with deals on a wide variety of offerings.

Retail
Cost Plus World Market Launches Virtual Holiday Store

Cost Plus World Market has teamed with Rightpoint to launch Cost Plus World Market’s first virtual holiday store. With the COVID-19 pandemic changing customer shopping behaviors, Cost Plus World Market created the virtual holiday store to engage customers online.

Retail
HomeGoods Adding E-Commerce As Banner Drives TJX Q3

TJX did better than it thought it might in the third quarter, the company maintained, as HomeGoods performed particularly well and as the parent began taking steps to launch a dedicated e-commerce operation for the banner. Digital sales at homegoods.com will begin next year.

Retail
Dollar General Awards Employees With Appreciation Bonuses

Dollar General plans to award approximately $50 million in additional appreciation bonuses to eligible frontline employees in the fourth quarter, doubling its planned investment in these bonuses in the back half of the year and bringing its third and fourth quarter commitment to approximately $100 million in total.

Retail
NRF: October Retail Sales Resilient

The National Retail Federation reported that retail sales gained for the sixth month in a row during October, with sales higher than the same time last year as the U.S. economy continued to recover and consumers began their holiday shopping early.

Retail
Amazon Launches Pharmacy, Discount Drug Benefit

In a challenge not only to drug store chains but mass merchants and supermarket operators boosting their wellness credentials via pharmacy and related medical services, Amazon has launched two new pharmacy offerings designed to help customers conveniently purchase their prescription medications.

Retail
Best Buy Teams With Instacart To Offer Same-Day Delivery

Instacart has kicked off a new nationwide partnership with Best Buy to offer same-day delivery from nearly all Best Buy locations across the U.S. Customers nationwide now have access to a selection of Best Buy’s electronics and tech products delivered same-day, including small appliances.

Retail
DIY Market Delivers Robust Q3 To Home Depot

On the heels of its announcement that it would be acquiring HD Supply Holdings, a leading national distributor of maintenance, repair and operations (MRO) products, The Home Depot reported a strong third quarter built upon increased demand for home improvement projects.  

Retail
Qurate CEO George To Retire In 2021

Qurate Retail said that president and CEO Mike George has extended his employment agreement through the end of 2021 and will be retiring from the company at that time. The early announcement allows time for transition planning and an executive search process.

Retail
Dollar General Opens 17,000th Store

Dollar General is celebrating the official grand opening of its 17,000th store in Fountain, CO. The company opened its first store in Colorado in 2006, and currently operates about 60 store locations in the state.

Retail
Walmart Signs Seiyu Deal With KKR, Rakuten

In a deal that reduces its role in the Japanese retail market, Walmart has signed a definitive agreement with investment firm KKR & Co. and Internet services provider Rakuten under which KKR will purchase a majority stake and a new Rakuten subsidiary will purchase a minority stake in Seiyu GK at $1.6 billion.

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