November 27 – Nordstrom Q3 results top Street with strong results from off-price banner, digital
By banner, Nordstrom Rack sales surged 10.6%, with comparable sales going up 3.9%. at Nordstrom Rack. At the Nordstrom banner, sales rose 1.3% and comp sales increased 4%. From: Chain Store Age
November 26 – Best Buy Misses Street Estimates as Wary Consumers Await Sales
Best Buy missed an analyst estimate for third-quarter sales and earnings, reporting comparable sales slipped amid consumer uncertainty and a focus on deals. From: HomePage News
November 26 – Why Stores Still Spark Joy Around the Holidays
Foot traffic has largely returned to 2019 levels, according to PwC’s U.S. Retail Leader Kelly Pedersen. There are also fewer vacancies than in previous years and younger generations are embracing the in-store shopping experience, even if they aren’t buying there. From: Retail Dive
November 26 – Warm Autumn Weather Chills Burlington Q3 Comps
The company opened 147 new stores year to date, including 31 relocations and store growth was the major driver of revenue gains. From: HomePage News
November 26 – Dollar General Rolls Out Another Holiday Savings Program
A new report from Market Force Information’s affirms that consumers “overwhelmingly point to pricing and value as the top factors that could drive them to shop more frequently at a particular brand.” From: Progressive Grocer
November 26 – Dick’s Sporting Goods Q3 Beats Estimates, Raises Guidance
Dick’s Sporting Goods reported another strong quarter of better-than-expected top- and bottom-line results amid an “excellent” back-to-school season. From: Chain Store Age
November 26 – Kohl’s Q3 Disappoints with Michaels’ Buchanan Set to Succeed Kingsbury as CEO
The Michaels board announced that it is already looking for a new CEO to succeed Buchanan, with the help of the executive search firm Spencer Stuart. From: HomePage News
November 26 – Circana: Shorter Thanksgiving-to-Christmas Period Spells Opportunity for Retailers
More than 20% of holiday shoppers won’t start until sometime in December, said Marshal Cohen, chief retail adviser for market research at Circana. From: HomePage News
November 25 – Deloitte: Shoppers Plan More Spending This Year Black Friday Through Cyber Monday
Consumers surveyed by Deloitte expect to spend a record $650 during the Black Friday-through-Cyber Monday period from Thursday, November 28, to Monday, December 2, up 15% year over year. From: HomePage News
November 25 – Bankruptcy Court Approves Big Lots Sale to Nexus
Big Lots reported it expects the deal to close in early December. The company initiated a Chapter 11 process in early September with the United States Bankruptcy Court for the District of Delaware. From: HomePage News
November 25 – Macy’s Delays Q3 Earnings Release While Investigating $154M Cash Discrepancy
The company plans to announce its third-quarter full earnings release and conference call by December 11. From: HomePage News
November 25 – Study: Kids No Longer Atop Most Holiday Gift Lists
With people living longer and families getting smaller while making lifestyle changes at the same time, children are less of a focus as the year-end holidays approach. From: HomePage News
November 22 – Amazon, TalkShopLive Launching Black Friday Celeb-Hosted Shoppable Content
The launch will include programming featuring, in addition to Stewart, singer, show host and actor Jennifer Hudson, actor Eva Mendes and Kimberly Schlapman of the band Little Big Town. From: HomePage News
November 22 – Kroger Names Mary Ellen Adcock Chief Merchandising and Marketing Officer
The Kroger Co. has revealed that Mary Ellen Adcock, its SVP of operations since 2019, will succeed Stuart Aitken as chief merchandising and marketing officer. From: Progressive Grocer
November 22 – Ross Q3 Momentum Slowed by Weather, Execution Issues
Headwinds limited Ross Stores’ gains in the third quarter, the company reported, even as its customers remain wary of discretionary spending. From: HomePage News
November 22 – Do it Best Successfully Completes Purchase of True Value
The acquisition brings significant assets to Do it Best, including inventory, brand rights and paint manufacturing facilities. From: Hardware Retailing
November 22 – Circana: Hunt for Holiday Deals Resumes After Election Disruption
The early November declines marked the weakest general merchandise sales performance in the last 52 weeks and spanned almost the full list of industries tracked by Circana. From: HomePage News
November 21 – BJ’s Q3 Gains with Progress Made in GM Operations
Comparable club sales, with gasoline sales excluded, increased by 3.8% year-over-year in the quarter, led by strong traffic, the company noted. From: HomePage News
November 21 – Numerator: Consumers Primed for Cyber Weekend Shopping
Of the expected Cyber Weekend shoppers surveyed by Numerator, 40% plan to buy items they have been waiting to buy on sale, and 33% plan to purchase whatever catches their eyes. From: HomePage News
November 21 – Container Store Financing Woes Endanger Beyond’s Purchase Deal
Beyond, Inc. issued an update on its agreement to acquire a minority stake in The Container Store, warning the deal might fall through if The Container Store can’t secure new financing. From: HomePage News
November 20 – Williams-Sonoma Touts Holiday Newness After Beating Q3 Expectations
Despite lower comparable sales, Williams-Sonoma beat Wall Street earnings and revenue estimates, and the company noted that newness at its stores has helped position it for the holidays. From: HomePage News
November 20 – TJX Dives into the Holidays After a Robust Q3
Net sales were $14.06 billion versus $13.27 billion in the year-before quarter, TJX reported. From: HomePage News
November 20 – Target Q3 Weaker Than Expected as Shoppers Spent Cautiously
Target reported shopper caution in discretionary spending pressured the retailer’s third-quarter sales and earnings, which fell short of expectations. From: HomePage News
November 20 – Farm Bureau Reports Declining Cost of Thanksgiving Feast
The survey provides a snapshot of the average cost of this year’s classic holiday feast for 10, which is $58.08 or about $5.80 per person. From: HomePage News
November 20 – Consumers Plan to Spend $125B Over Thanksgiving Weekend
66% said they will use deals and discounts to stock up on necessary items unrelated to holiday From: Retail Dive
November 20 – GC Buying Group Slates ‘Start the Year’ Conference at Atlanta Market
GC Buying Group is preparing for its 22nd annual GCX: Start the Year Member Conference, which will be held January 15-17 in conjunction with the Atlanta Winter Market. From: HomePage News
November 19 – Soft Demand for Big-Ticket DIY Goods Pressures Lowe’s Q3
Lowe’s Cos. earnings and comparable store sales for its third quarter slipped as demand in big ticket do-it-yourself sales remained soft, but the company still managed to top Wall Street estimates. From: HomePage News
November 19 – Aldi Expanding US Headquarters
The headquarters expansion comes at a time when Aldi is rapidly opening stores stateside and growing its headcount. From: Grocery Dive
November 19 – Big Home Product Sales Gain Helps Walmart Exceed Q3 Expectations
At Walmart U.S., the company stated net sales were $114.9 billion in the quarter, up from $109.4 billion in the year-past period. From: HomePage News
November 18 – Walmart Highlights Housewares Among Black Friday/Cyber Monday Deals
Through the holiday season, Walmart will build on its social media influencer/celebrity-based consumer outreach, including Instagram, TikTok and YouTube efforts From: HomePage News
November 18 – Ace Hardware Revenue Grows to Record $2.3B in Q3
Revenue for Ace’s digital business rose 6% during the quarter, with mobile app revenue up 37%. From: Retail Dive
November 18 – The Container Store Gets Extension to Secure Qualified Financing
The Container Store Group received an extension on its deadline to secure a qualified financing transaction from November 14, 2024, from today to December 6, 2024. From: HomePage News
November 18 – Industry Wholesalers Reach Out to True Value Retailers
As the True Value bankruptcy and planned sale to Do it Best continues to move forward, with a scheduled closing date of Nov. 22, several industry wholesalers have reached out publicly to offer support to True Value retailers and court their business. From: Hardware Retailing
November 18 – Forrester: November/December Holiday Retail Sales to Surpass $1 Trillion
Jitender Miglani, Forrester principal forecast analyst said that among the favorable macroeconomic factors boosting the outlook for 2024 holiday sales is deflation across numerous durable and nondurable goods categories. From: HomePage News
November 18 – Census Bureau: Retail Sales Continue Year-Over-Year Growth
The United States Census Bureau reported overall retail sales in October gained 0.4% seasonally adjusted month over month and 2.8% unadjusted year over year versus increases of 0.8% month over month and 2% year over year in September. From: HomePage News
November 15 – Goodwill-Run Grocery Store Opens in Roanok
A new supermarket is serving customers in what’s considered a food desert in Roanoke, Va. Market on Melrose – one of the first grocery stores operated by Goodwill Industries. From: Progressive Grocer
November 15 – Mastercard Closer to Biometric Payment, but Are Consumers Ready?
The Aevi survey results come shortly after Mastercard revealed its intention to transform online shopping by 2030, eliminate card numbers for purchasing and turn to secure on-device biometrics. From: HomePage News
November 15 – Qurate’s Renamed QVC Group Connects TV Legacy with Social Shopping Transformation
With the transition, QVC Group will operate the same portfolio of brands it did under its former title: QVC, HSN, Garnet Hill, Grandin Road, Ballard Designs and Frontgate. From: HomePage News
November 15 – Spectrum Brands Records Q4 Sales Gains in Home & Personal Care
In the Home & Personal Care division, the increase in organic net sales came from mid-single-digit growth in both the Home and Personal Care categories year over year. From: HomePage News
November 14 – Whole Foods Market Readies New Store Openings for December
The natural food retailer will debut two new locations on Dec. 10 in Boynton Beach, Fla., and Nashua, N.H. From: Progressive Grocer
November 14 – Dollar Tree Makes More Executive Changes as It Reviews Family Dollar Plan
Dollar Tree, contemplating the reconstituting of its business, has made additional executive moves that could impact how the company approaches its Dollar Tree and Family Dollar store operations. From: HomePage News
Dillard’s Keeps the Focus on Expenses in Q3 as Sales Edge Down
Compared to some rivals, the department store is less dependent on the holiday quarter when it comes to the year’s operating profits. From: Retail Dive
November 14 – Macy’s Black Friday Specials Spotlight Housewares, Luggage
Macy’s is establishing holiday incentives in all categories, including home, beauty, apparel, toys, tech and jewelry. From:: HomePage News
November 14 – Festival Foods Opens 1st Store in Minneapolis-St. Paul Area
Skogen’s Festival Foods unveiled its newest store in Hudson, Wis., near the Wisconsin-Minneapolis border. From: Progressive Grocer
November 14 – Amazon Challenges Shein, Temu with ‘Haul’ Bargain Shopping Experience
At a time when bargain retail is evolving, Amazon Haul offers its own shopping experience, search, cart and checkout. From: HomePage News
November 13 – Ace Revenues Gain in Q3 As Investments Dent Earnings
The decrease was due entirely to higher planned expenses as the company continues to make strategic investments in its supply chain infrastructure and digital marketing to support future growth, Ace noted. From: HomePage News
November 13 – Container Store Adds New Shoe Box to ‘Everything Organizer’ Line
The Drop-Front Shoe Box organizer will launch in December in two sizes priced at $14.99 and $19.99. Shoppers will be able to purchase both individually or in a pack of four. From: HomePage News
November 13 – Retail Monitor: October Sales Gains Set Stage for Solid Holiday Season
“Healthy spending resumed in October as consumers continued to benefit from this year’s job gains and higher wages,” NRF President and CEO Matthew Shay said. From: Homepage News
November 12 – Circana: Home Entertaining Lift Renews Kitchen, Dining Furniture Growth
Circana’s recent Eating Patterns in America report reveals consumers are increasingly entertaining in their homes to connect and save on dining-out costs. From: HomePage News
November 12 – Home Depot Sees Solid Grilling Sales While Overall Q3 Comps, Earnings Sag
Although earnings and comps declined, Home Depot still managed to beat a Wall Street estimate in the third quarter. From: HomePage News
November 12 – Target Hopes Expanded Holiday Shopping Hours Appeal to ‘Swifties’
For the larger holiday season, the company is extending store shopping hours, opening from 7 a.m. to midnight beginning November 30 and continuing to December 23. From: HomePage News
November 12 – BJ’s Appoints New COO and Chief Supply Chain Officer
BJ’s Wholesale Club has appointed Scott Schmadeke, formerly senior vp, field and fresh operations, executive vp, and COO, and named Krystyna Kostka, senior vp, operations, chief supply chain officer. From: HomePage News
November11 – Big Lots Launches App for Loyalty Program Members
Big Lots has launched of a new app designed to enhance the shopping experience for its loyalty program members. From: HomePage News
November11 – TV Personality Sandra Lee Bringing QVC Viewers Home for the Holidays
Lee, as Aunt Sandy Claus, and QVC are launching a collection consisting of holiday décor, kitchen and entertaining essentials, and linens created especially for QVC, the Qurate Retail operation noted. From: HomePage News
November11 – Tariff, Labor Strike Concerns Drive U.S. Port Volumes Higher
An NRF study found that tariff increases proposed by Trump could drive up consumer prices by as much as $78 billion a year. From: HomePage News
November 8 – Kohl’s Launches Black Friday Initiatives with Housewares, Home Decor Deals
Kohl’s Black Friday Sweepstakes returns this year featuring more than $1 million in prizes the company will give away at stores across the United States. From: HomePage News
November 8 – Fareway Fills Food Desert Void in Iowa
Fareway’s newest store fills the void left after the community’s only grocery store closed in August 2021. From: Progressive Grocer
November 8 – NRF: Economic Signs Still Point to Solid Holiday Sales
On October 15, NRF forecast that retail sales during the November/December holiday season would increase by between 2.5% and 3.5% from 2023 to a total of between $979.5 billion and $989 billion. From: HomePage News
November 8 – Wayfair Giving Blotner Commercial, Operations Reins as Corporate Integration Continues
Blotner will supervise the combined functions based on an integrated organizational model; the company noted. He joined Wayfair in 2016 and has held a variety of leadership roles, the company stated. From: HomePage News
November 7 – Qurate CEO: Transformation Advances After Audience Distractions Weaken Q3
The company’s transformation plan is approaching the culmination of an effort to improve internal operation and shifting to initiatives that apply resources to expanding the business on streaming services and social media. From: HomePage News
November 7 – Circana: Stores May Expand Role This Year Despite Online Holiday Shopping Gains
Nearly one-third of holiday shoppers surveyed indicated they prefer to buy as many gifts as possible online, and just as many said they compare prices online before heading to a store. From: HomePage News
November 6 – Consumer Confidence Gains Suggest Shoppers Are Ready to Spend
The Present Situation Index, based on consumers’ assessment of current business and labor market conditions, advanced 14.2 points to 138. From: HomePage News
November 6 – Softer Retail Sales by Office Depot/Office Max Hit ODP in Q3
A tough run for its retail office superstore division dragged down ODP Corp. third-quarter results as the company put more emphasis on business-to-business operations. From: HomePage News
November 5 – CVS Initiates Restructuring as Q3 Earnings Miss Expectations
CVS Health third-quarter earnings fell far short of a Wall Street estimate, but revenues beat expectations as the company embarked on a restructuring initiative. From: HomePage News
November 5 – About 200K Veterans Leave the Military Each Year. Here’s Why Some Choose Retail Careers
Retail careers have much in common with the military, including striving for excellence in a people-led environment and tapping into teamwork to make it happen. From: Retail Dive
November 5 – Lowe’s Adds Digital Personalized Product Support to Loyalty Program
The Lowe’s Digital Home Platform launch covered home appliances, the company noted, and it will expand to include other household goods and services to make home maintenance easier for members. From: HomePage News
November 5 – Dollar Tree’s Dreiling Steps Down, Creedon Named Interim CEO
Creedon has served as Dollar Tree COO since he joined the company in 2022 and added oversight of Dollar Tree and Family Dollar merchandising and supply chain to his role in February. From: HomePage News
November 5 – Some Consumers Deterred by Locked-Up Product in Store
62% of shoppers responding to a survey said they would usually wait for store staffers to provide access to the merchandise, and 9% said they would order the product wanted online from that same retailer. From: HomePage News
November 4 – Ace Showcases Grilling, Chilling in Holiday Gifting Guide
“Our aim is to remove the hassle and be the convenient, one-stop shop for holiday gift giving,” Kim Lefko, Ace chief marketing officer. From: HomePage News
November 4 – Publix Q3 Sales Get Lift from Hurricane Helene
Publix cited shopping related to Hurricane Helene for helping to lift the supermarket operator’s sales in its third quarter. From: HomePage News
November 4 – Amazon Combines Virtual Selling, Storytelling in Holiday Marketing
Amazon stated it plans to showcase hundreds of top gifts, stocking stuffers and premium products all season long through the virtual showroom. From: HomePage News
November 1 – eBay Moves More Merchandise in Q3 To Beat Street
In the third quarter, eBay adjusted earnings and revenues gained, beating an analyst estimate, as gross merchandise volume also advanced. From: HomePage News
November 1 – Prime Day Boosts Amazon Sales, Membership in Q3
Product sales were strong, but third-party seller services, advertising and subscriptions grew by double digits in the period. From: Retail Dive
November 1 – Wayfair CEO Shah Cites Q3 Progress, Improving Outlook
Wayfair turned in an adjusted profit in the third quarter and beat or equaled Wall Street earnings and revenue expectations. From: HomePage News
