Retail

Retail
Activist Investors Respond To Bed Bath & Beyond Q4 Net Loss

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.

Retail
Wayfair Launching Second Way Day Promotion

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.

Retail
Walmart Readies Texas Store Improvements

As part of a national innovation expansion strategy, Walmart expects to spend an estimated $264.9 million this year in Texas through the remodeling of 54 stores, as well as the launch and continued expansion of several customer-focused services.

Retail
Transform Holdco Makes Bid For Sears Hometown & Outlet Stores

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. 

Retail
Staples Launches New Brand Campaign

Staples has kicked off a refresh of its brand and marketing message, which is primarily focused on its digital and delivery brand and its approach to engaging with large and small business customers.

Retail
Ikea To Open 50th U.S. Store

Ikea is preparing a range of grand opening activities to celebrate the Norfolk, Virginia, store’s opening on Wednesday, April 10. The location will mark Ikea’s 50th store in the U.S.

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