For the fourth quarter ended March 2, and under pressure from activists to make board of directors and other changes, Bed Bath & Beyond posted a net loss of $253.8 million, or $1.92 per diluted share, versus earnings of $194 million, or $1.41 per diluted share, in the period a year prior.
Ace Hardware is rolling out a “Buy Online, Deliver from Store” program at participating locations across the country. The new delivery option is a key feature of the enhanced e-commerce site, AceHardware.com.
Way Day kicks off at noon eastern time, April 10, ushering in 36 hours of Black Friday-style promotions, related discounts and free shipping. The second annual Wayfair event covers home furnishings, décor, housewares and home improvement products.
Activist investor Starboard Value, which has pushed for changes at Dollar Tree, has decided to withdraw its slate of nominees for election to Dollar Tree’s board of directors at the 2019 annual meeting of shareholders.
Imports at the major retail container ports are forecast to rise as the summer and back-to-school shopping season approaches, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
With the survival of Sears now a settled issue, at least for now, the venerable retailer is now focused on putting its brand back in front of consumers and letting shoppers know the company is, in fact, still in business.
Sears Hometown & Outlet Stores said it received a proposal on Friday, April 5, from Transform Holdco LLC, an entity affiliated with the company’s majority stockholder ESL Investments, Inc., to acquire all of the outstanding shares of the company’s common stock not already owned by ESL and its affiliates for a purchase price of $2.25 per share.