Libbey Receives Court Approval For ‘First Day’ Motions
Libbey Inc. has gained bankruptcy court approval for its “first day” motions related to its voluntary Chapter 11 petitions for reorganization filed on June 1, 2020.
coronavirus
Euromonitor: Six Themes Will Propel Post-Coronavirus Story
A new report from global market research company Euromonitor International identifies six themes it identified as reshaping consumer goods and services in the aftermath of the COVID-19 pandemic.
Costco May Comps Jump With E-Commerce Leading
May was another stellar comparable sales month for Costco as its stores continued adapting to the impact of the COVID-19 pandemic.
Kirkland’s Adapts In Q1 As Coronavirus Impacts Results
For the first quarter, Kirkland’s posted a net loss on lower sales but e-commerce sales rose as it adapted to the coronavirus pandemic-impacted retail environment.
Michaels E-Commerce Sales Grow In Q1
With the coronavirus pandemic forcing temporary store closures, Michaels first quarter sales declined and the retailer posted a net loss, although omnichannel initiatives helped e-commerce sales grow.
Alibaba Launches U.S. Trade Show Platform
Alibaba.com, Alibaba Group’s B2B trading platform, has launched a U.S. online trade show platform.
Atlanta Summer Market Readies New Safety Protocols
Atlanta Market is gearing up to kick off the summer market season with new dates and a modified format that will allow retailers and designers to source new product during their recovery from the COVID-19 pandemic.
Placer: Traffic Patterns Point To Pier 1 Customer Shifts
According to Placer.ai, January to May foot traffic cross-shopping patterns over the past three years may provide some indication of who stands to benefit from Pier 1’s demise.
Friedman: RH Ready For Business Transformation
Restoration Hardware has released a copy of chairman and CEO Gary Friedman’s annual letter to shareholders addressing what he sees as the next phase of the company’s development including housing and international initiatives.
Bread Baking On The Rise
As consumers are spending more time at home during this time of social distancing, many are looking to the comforts of the kitchen to provide some normalcy. Others are delving into home cooking and baking projects that they never felt they had the time for before now. However, none have become more popular than baking bread. Yeast and flour have been in short supply around the country, while social media pages have been inundated with photos of homemade baguettes, sourdoughs and challahs.
Sally Beauty E-Commerce Sales Rise
As it emerges from coronavirus-related restrictions, Sally Beauty is giving an update on its business operations along with the release of select preliminary intra-period unaudited financial details for part of its fiscal third quarter.
IHA Sets Stage For June Education Webinars
Lee Eiseman’s second keynote presentation on color, an update on the next normal for consumer thinking and opportunities of seasonal trends are topics of upcoming webinars in the ongoing virtual education series developed by the International Housewares Association.
Libbey Files For Chapter 11 Reorganization
Libbey Inc. has announced the company and its U.S.-based subsidiaries have filed voluntary petitions for a court-supervised reorganization under Chapter 11 of the Bankruptcy Code in the U.S.
Big Lots Steps Up Momentum After Q1 Results Jump
In the first quarter, Big Lots sales and earnings jumped, as the off-price retailer gained momentum to the next fiscal period and beyond.
Nordstrom Aims To Regain Footing As Q1 Sales Decline
As it looks to a future beyond the COVID-19 crisis, Nordstrom pointed to its pursuit of strategic omnichannel initiatives even as the company reported sales and earnings declines in the first quarter.
CVS Establishes 1,000 COVID-19 Test Sites
Delivering on a commitment the company made in April, CVS Health will open additional COVID-19 test sites at select CVS Pharmacy drive-thru locations to establish a total of 1,000 sites across more than 30 states and Washington, D.C.
Costco Q3 Earnings Shy Of Wall Street But Comps Gain
As it coped with the effects of the COVID-19 pandemic, Costco missed a Wall Street earnings per share estimate for the third quarter but posted positive comparable store sales and a big increase in e-commerce comps.
Ollie’s Off To Solid Start In Q1
Despite the disruption of the coronavirus pandemic, Ollie’s Bargain Outlet maintained its momentum in the first quarter, as stores remained open to serve customers.
Ulta Beauty Faced Headwinds In Q1
Ulta Beauty is looking to regain its footing after the coronavirus impacted sales and earnings in the first quarter, and the retailer continues to ramp up its store reopenings.
Twin Star Donates Desks In COVID-19 Crisis
To support homebound students in need during the COVID-19 global pandemic, Twin Star Home has donated 500 desks to Chicago-area Bolingbrook High School and the Secondary Transition Experience Program, both part of the Valley View School District.