November 30 – Dollar Tree’s Remodeled Stores Lead to Third-Quarter Growth
Retailer said its campaign to overhaul Family Dollar stores is starting to pay off, net sales increased by 7.5% for the quarter. From: Store Brands Today
November 29 – Buc-ee’s Moves Into Two New States
A groundbreaking in South Carolina and store opening in Georgia mark its latest expansion beyond Texas. From: CSN Daily
November 29 – Five Reasons Costco’s Sales Are Among the ‘Strongest in Retail’
Costco’s business model has ticked a lot of boxes for consumers during COVID, and ultimately led to a successful 2020 for the warehouse retailer. From: Winsight Grocer Business
November 25 – Best Buy Continues to Win Stay-at-home Shoppers
Best Buy booked its best quarterly same-store sales growth in a quarter-century as more shoppers stayed at home and continued to spend on computers and electronics. Same-store sales in the quarter ending Oct. 31 grew 23%, and comparable online sales in the US were up 174%, the retailer reported. From: NRF Smartbrief
November 25 – Nordstrom Q3 Buoyed By Digital Operations
In an environment still subject to pressures arising from the COVID-19 pandemic, Nordstrom returned third-quarter earnings that beat a Wall Street estimate, with digital sales key to driving results. For the period, Nordstrom recorded net earnings of $53 million, or 34 cents per diluted share, versus $126 million, or 81 cents per diluted share, in the year-prior quarter. Net income in the period included an income tax benefit of 12 cents per diluted share associated with the CARES Act, the company noted. From: HomeWorld Business
November 24 – Homebound Consumers Fuel Best Buy Third Quarter Sales Surge
Best Buy reported a banner third quarter, with net sales and comps surging as consumers continued to purchase a diverse range of home products for their homebound lifestyles. In the third quarter, net earnings were $391 million, or $1.48 per diluted share, versus $293 million, or $1.10 per diluted share, in the period a year previous. Earnings per diluted share adjusted to exclude one-time events were $2.06 versus $1.13 in the year-before quarter, the company noted. Best Buy exceeded a MarketBeat-published analyst consensus for diluted earnings per share by 36 cents. Comparable sales in the period were up 23% year over… From: HomeWorld Business
November 24 – Pandemic Weighs On Burlington Q3
Burlington Stores saw progress in its sales trends for the third quarter, but the pandemic related market conditions continued to weigh on the off-price retailer’s results. From: HomeWorld Business
November 23 – Housewares Industry Explores Trends and Opportunities in Textiles Category
IHA will examine the category and the overall trends shaping consumer buying in a webinar, “Trends in Home Textiles” on Thursday, Dec. 3 at 12 P.M. CST. From: Home Textiles Today
November 21 – TJX to Launch HomeGoods E-commerce as the Category Fuels Stellar Q3
The off-price retailer faces uncertainty during the holiday quarter, however, and that may not ease until the pandemic ends. From: Retail Dive
November 20 – Cost Plus World Market Launches Virtual Holiday Store
Cost Plus World Market has teamed with Rightpoint to launch Cost Plus World Market’s first virtual holiday store. With the COVID-19 pandemic changing customer shopping behaviors, Cost Plus World Market created a virtual holiday store to engage customers online. From: HomeWorld Business
November 20 – Third Quarter Delivers For Williams-Sonoma
Williams-Sonoma enjoyed big comparable brand gains in the third quarter, with significant earnings increases, as the retailer continues to position itself to “own the home.” From: HomeWorld Business
November 20 – Ross Keeps Customers Coming to Stores in Steady Q3
Profits declined more than 64%, but the off-price retailer stayed in the black and even bested its rivals despite having no e-commerce. From Retail Dive
November 18 – Ahold Delhaize to Acquire FreshDirect
The deal will propel e-commerce expansion and an attractive customer base for Ahold Delhaize while bringing purchasing scale to the much-loved New York e-commerce pioneer. From: Winsight Grocer Business
November 18 – Target’s Grocery and Online Growth Help Drive Q3 Gains
Same-day delivery services also grew significantly. From: Progressive Grocer
November 17 – Home Depot to Grow Professional Sales with HD Deal
In a roughly $8.7 billion deal, Home Depot will buy back HD Supply Holdings, an industrial distribution company it sold in 2007 that sells plumbing, electrical and other industrial supplies from around 44 distribution centers in the US and Canada. The deal is part of Home Depot’s efforts to grow its contractor business and ability to deliver to job sites. From: NRF Smartbrief
November 17 – Walmart E-commerce Sales up 79% to 5.5 Billion
Retailer reports record-high sales volumes in Pickup and same-day delivery, and strength across key categories as general merchandise, health and wellness, and food. From: Chain Store Age
November 17 – Amazon Launches Amazon Pharmacy
Online retailer expands prescription drug service on Amazon.com, in addition to separate PillPack service. Amazon Pharmacy is currently available in 45 states, excluding Hawaii, Illinois, Kentucky, Louisiana, and Minnesota. From: Drug Store News
November 16 – New Cozy Backyard Holiday Collection at Bed Bath & Beyond
Created by the design team at Decorist, the collection nearly a quarter (23%) of Americans are planning to celebrate the holidays outdoors this year. safely celebrate traditions with a twist by entertaining outdoors this holiday season. From: Home Furnishings Business
November 16 – 2021 Retailers to Watch: Crate & Barrel
Even before the COVID-19 pandemic hit, 2020 figured to be eventful for Crate and Barrel, which began the year with the announcement that Neela Montgomery would leave her CEO post in August. From: HomeWorld Business
November 16 – Home Depot Acquires HD Supply Again in $8B Deal Riding the wave of a boost in sales for home goods and home improvement retailers during the pandemic, Home Depot reported August sales year over year up 23.4% to $38 billion. From: Retail Dive
November 16 – Schnucks St Louis Remodels Offer Convenience and Fresh Prepared Foods
Both stores sport new sign and décor and major upgrades including self-service checkout. “Schnucks Downtown” offers an expanded selection of grocery items, self-service Kaldi’s Coffee bar, and extra hours on Saturday and Sunday. Central West End store to offer pizza, a “Grab & Go” section, and fresh sushi. From: Winsight Grocery Business
November 15 – Alimentation Couche-Tard Subsidiary Acquires Pride C-Stores Chain
Mac’s Convenience Stores picks up seven stores in northeast Indiana. From: Convenience Store News Daily
November 13 – DHL Raises Parcel Prices for Customers Across the Board
The carrier plans to bake surcharges into the underlying prices for parcels, as it restructures pricing for the new year. From: Supply Chain Dive
November 13 – Dillard’s Surprises with Q3 Profit Despite Women’s Apparel Slump
The department store kept an iron grip on expenses, and, in another blow to U.S. malls, appears to be scaling back its brick-and-mortar footprint. From: Retail Dive
November 13 – SpartanNash Reports 3.1% Q3 Revenue Gain
Comps also up in 3rd quarter of 2020. From: Progressive Grocer
November 12 – Southeastern Grocers Debuts 4 More Winn-Dixie Stores
Grocer marks Veterans Day grand openings by honoring service members and families. From: Progressive Grocer
November 12 – Walmart Expands Pet Offerings
With the launch of Walmart Pet Care, customers will have more services at the same place they buy their pet food and specialty products. Newly added Walmart Pet Insurance and dog-walking and pet sitting services are in addition to in-store vet clinics and Walmart PetRx added in 2019. From: The Shelby Report
November 12 – Wine Enthusiast Recognizes Albertson’s Program
Awarded “the country’s top grocery retail wine program”, Curtis Mann, GVP of alcohol at Albertsons Companies and a 20-year veteran of the wine industry said ’We work so hard to curate unique offerings that set us apart as a marquee destination for wine, beer, and spirits’. Efforts include investing in formal training for its associates and setting up temperature-controlled wine cellars in selected stores. From: Progressive Grocer
November 11 – Pet Valu Closes its Doors
The small chain of 358 stores and a premium line of store brands have been forced to end due to the impact of COVID-19. From: Store Brands
November 11 – NRF: Imports Peak As Retailers Prepare For Holidays
Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. Peak season is the Super Bowl of the supply chain world each year as retailers make sure they have enough merchandise on hand to satisfy demand during the holidays, and this is the busiest we’ve ever seen,” said Jonathan Gold, VP/supply chain and customs policy for the NRF. “Part of this surge was fueled by restocking after retail sales… From: HomeWorld Business
November 11 – J.C. Penney’s Deal with Simon and Brookfield is Almost Done, but its Retail Struggles Aren’t
The retailer’s plan to sell itself to landlords has won court approval. Yet operating losses, market share erosion, and traffic declines persist. From: Retail Dive
November 11 – Bankrupt Stein Mart has a $4M Bid for its IP
Setting the baseline for a Nov. 18 auction is Retail Ecommerce Ventures, which may keep Stein Mart alive online after liquidation. From: Retail Dive
November 11 – Neiman Marcus Releases 94th Annual Christmas Book
The book is peppered with messages of hope and the need for celebration. After surviving Chapter 11 filing, the luxury retailer’s holiday season is in full swing with the current operation of 38 stores across the country, in addition to its two Bergdorf Goodman stores in New York City along with digital platforms. The downtown Dallas store will display its elaborate holiday windows and reopen The Zodiac Room restaurant. From: Forbes
November 10 – Wayfair Renews Partnership with Homes for Our Troops
Since 2018, the partnership has helped design and furnish four homes and contributed more than $1 million in fundraising and product donations to help Veteran families. The Homes for Our Troops “donate at checkout” feature on Wayfair.com allows customers to have the option to make a donation with each purchase. From: Home Accents Today
November 10 – Whole Foods set to open first Montana Store
Whole Foods Market will launch its first Montana location in the fast-growing city of Bozeman, with the opening planned for fall 2021 in the city’s Gallatin Valley Mall. The mall, which is being redeveloped, serves five surrounding counties with a population of 150,000. From: NRF Smartbrief
November 10 – Ulta Beauty Strikes Deal to Open Hundreds of Shops at Target Stores
Target and Ulta Beauty have struck a deal to open makeup and skincare shops inside of hundreds of Target stores across the country. From: CNBC
November 9 – Casey’s General Stores Inks Deal to Acquire Buchanan Energy
The $580-million definitive agreement includes 94 Bucky’s Convenience Stores locations. From: Convenience Store News Daily
November 9 – Walmart Strikes Deal to Sell its Argentina Business
Walmart, which first expanded into Argentina in 1995 and has 90 supermarkets operating under several banners, has agreed to sell its operations there to retail investor Grupo de Narvaez. Walmart has said it wants to focus on higher-growth markets in India and China. From: Winsight Grocery Business
November 9 – Rolling Pin Kitchen Emporium Takes The Local Spotlight
Rolling Pin Kitchen Emporium, based in Brandon, FL, has been profiled by local news media outlet Osprey Observer as one of the best places to go for holiday gifting and meals. From: Gourmet Insider
November 9 – Housewares Shine In Oprah’s 2020 ‘Favorite Things’ List
Oprah has unwrapped several housewares picks for the annual Oprah’s Favorite Things gift guide. From Gourmet Insider
November 9 – Bed Bath & Beyond Campaign Invites Consumers To ‘Enjoy The Present’
Bed Bath & Beyond is expanding its Black Friday and Cyber Monday deals as part of a comprehensive plan to provide value to customers this holiday season. The company is inspiring its customers to “Enjoy the Present” in its holiday marketing campaign. From: HomeWorld Business
November 9 – CVS Health Sees Solid Revenue, Front-Store Growth
The Healthcare company’s retail arm saw a 5.9% increase in revenue, including a 2.7% growth in front-store sales. From: Store Brands Today
November 8 – Amazon Posts Robust Q3 Sales Despite More Traffic Dips at Whole Foods
Online sales, including groceries fulfilled from stores, soar by 37%, while shopper visits to Whole Foods stores appear to be still suffering. From Winsight Grocery Business
November 6 – Tuesday Morning to Reorganize With 500 Stores
Tuesday Morning has sold its Dallas headquarters and warehouse facilities to Rialto Capital for $60 million as part of a reorganization plan. The home goods retailer has also secured new financing as it looks to emerge from bankruptcy reorganization next month as a publicly-traded company with about 500 stores. From: NRF Smartbrief
November 5 – Mary Moore To Transition Leadership Of The Cook’s Warehouse
Mary Moore, founder, and owner of The Cook’s Warehouse announced she is handing day-to-day management of the store and cooking school to her management team. From: Gourmet Insider
November 5 – Home Helps Qurate Gain In Q3
Merchandise for the home helped the Qurate Retail Group beat an analyst consensus earnings estimate for the third quarter as each of its business segments reported sales increases.
November 5 – Weis Posts Double-Digit Gains in Q3
Both revenue and same-store sales jumped more than 14% during the quarter. From: Store Brands Today
November 4 – Ahold Delhaize Lays Out Omnichannel Updates to Keep 2020 Growth Going Long Term
As it logged another strong financial quarter, the company announced new digital services and a 100% increase in an online capacity. From: Grocery Dive
November 3 – Texas’ H-E-B opens new stores in Lubbock, San Antonio
H.E. Butt Grocery is continuing its Texas growth with the opening of two 122,000-square-foot stores, including its first in Lubbock and another in San Antonio that will be home to an expanded fresh produce department. The San Antonio site opened on Oct. 30 and employs 350 people, while the Lubbock location debuted on Oct. 28 with nearly 500 workers. From: NRF Smartbrief
November 3 – Wayfair’s Net Income Shoots Up 164% in Q3
The retailer has capitalized on pandemic-driven trends and notched two consecutive quarters of profitability as a result. But analysts question how long it will last. From Retail Dive
November 3 – Bankrupt Stein Mart Has a $4M Bid For its IP
Looking to buy the retailer’s brand is a firm tied to Retail Ecommerce Ventures, which this year also bought Pier 1 and Modell’s intellectual property. From: Retail Dive
November 3 – Publix Sees 18.3% Sales Spike in Q3
The retailer estimates a 13.4% increase is due to the impact of coronavirus. From: Progressive Grocer
November 2 – At Home Gains Sales Momentum In Q3
At Home has released its preliminary unaudited results for the third quarter, pointing to strong comparable-store sales growth. Preliminary unaudited results for the third quarter ended October 24 include net sales of approximately $470 million, representing 47% growth year-over-year. Comparable store sales increased by approximately 44%. The retailer’s Insider Perks program grew 42% year-over-year to 8.3 million members. Earnings per share are expected to be $0.58 to $0.62, including a $0.04 impact of debt refinancing costs, as compared to EPS of $0.23 and adjusted EPS of $0.00 in the third quarter of fiscal 2020. From: HomeWorld Business
November 2 – Home Depot to Build a Bigger Presence in NYC
Home Depot will take over a four-story, 120,000-square-foot retail space in New York City when Bed Bath & Beyond’s lease on the space expires next year. The store will be the home improvement retailer’s third retail space in Manhattan. From: Housewares Smartbrief
November 2 – Online holiday Sales to Reach $189B, Adobe says
E-commerce sales are expected to surpass $3 billion daily between Nov. 22 and Dec. 3. From: Retail Dive
November 2 – Walmart Pilots Four Stores as Tech Testing Centers
The stores will operate as physical shopping destinations, house online fulfillment, rotate digital tools. From: Store Brands Today
November 2 – Amazon Continues Surge in Third Quarter
Prime Day jumpstarted early holiday buying, and the retailer saw total revenue increase by 37%. From: Store Brands Today
October 29 – Talbots is The Latest Fashion Brand to Give Home a Spin
You can always tell when the apparel business is bad and brands are looking for ways to pick up a few bucks. How? They start a home line. From: Business of Home
