In a sudden revelation, Heyward Donigan is departing Rite Aid where she was president, CEO and a board member, the company announced, adding that it has appointed Elizabeth “Busy” Burr interim CEO effective immediately. Rite Aid stated that the company has initiated a...
Prior to its January 9 presentation at the 2023 ICR Conference in Orlando, Macy’s provided updates to its fiscal fourth quarter sales and adjusted EPS guidance provided on its November 17, 2022 earnings call, with net sales expected to come in at the low-end to...
As it revised financial guidance, Target Corp. announced it is acting to “right-size” its inventory for the balance of the year and create additional flexibility to focus on serving guests in a rapidly changing environment. Target stated that it intends to...
Newegg Commerce is opening two new distribution centers, one in Atlanta, GA at 200,000 square feet and one in Ontario, CA, at 240,000 square feet. With eight distribution facilities in its network across the United States, Newegg now has more than 2.1 million square...
