by Mike Duff | Nov 19, 2021 | Featured News, Retail Articles
In what it termed a move to accelerate its health strategy, CVS Health announced that it would develop new retail concepts, close 900 stores and replace Neela Montgomery, evp and president of CVS Retail/Pharmacy. Prem Shah will take the newly created role of chief...
by Mike Duff | Nov 18, 2021 | Featured News, Retail Articles
Kohl’s made big gains in its third quarter, declared its Sephora shop roll out a success and worked to deal with supply-chain challenges. Kohl’s net income was $243 million, or $1.65 per diluted share, versus a net loss of $12 million, or eight cents per diluted...
by Mike Duff | Nov 18, 2021 | Featured News, Retail Articles
Macy’s announced plans to add a curated online marketplace to build on the company’s existing e-commerce business as it posted third-quarter financial results that exceeded expectations. The new marketplace will significantly expand Macy’s assortment in existing...
by Mike Duff | Nov 18, 2021 | Featured News, Retail Articles
The third quarter was a good one for TJX Cos., which now is focused on promoting itself as a holiday gift destination with plenty of choices for gift-giving shoppers. The company posted net income in the quarter ended October 30 of $1.02 billion, or 84 cents per...
by Mike Duff | Nov 17, 2021 | Retail Articles
For the third quarter, Lowe’s Cos. pointed to strong sales and earnings gains and, in a conference call, announced a partnership with AARP to provide products and services for consumers who want to age in their own homes. The company reported net earnings of...
