Bed Bath & Beyond has reported mixed second quarter results, including the closure of 60 stores, asserting that its turnaround initiatives have improved its financial condition. However, questions remain over when the retailer will select its new CEO and if any significant assets will be divested.
The National Retail Federation said it expects holiday retail sales during November and December to increase between 3.8% and 4.2% over 2018 to a total of between $727.9 billion and $730.7 billion.
Rite Aid has appointed Jim Peters as the company’s chief operating officer. Peters will lead all aspects of Rite Aid’s pharmacy and clinical strategy development and execution; health plan, health system and strategic corporate relationships; marketing and merchandising; corporate development, strategy and communications.
Stage Stores, the parent company of Gordmans, has regained compliance with the New York Stock Exchange and its stock will continue to be listed.
On October 6, Overstock will celebrate its 20th anniversary with what it said will be the biggest event in company history, Customer Day. The 36-hour sale will run through October 7 and will give customers access to Overstock’s deepest discounts, free shipping, double rewards and limited time Flash Deals.
Williams Sonoma has launched a new premium glassware, bar tools and home entertaining collection in partnership with Casamigos, the tequila and mezcal brand founded by George Clooney, Rande Gerber and Mike Meldman.
Wüsthof will open its first concept “shop within a shop” at Cooks of Crocus Hill, a MN-based independent gourmet housewares store with locations in St. Paul and Minneapolis. The grand opening will take place at the retailer’s North Loop Minneapolis location on October 11 from 6 to 8:30 p.m.
Hudson’s Bay has completed the sale of the company’s remaining stakes in its European real estate and retail joint ventures to its partner, Signa Retail, for a total consideration of approximately $1.5 billion.
According to a study by Clutch, a B2B ratings and reviews platform, 54% of online shoppers are members of a subscription box service.