Industries

Retail

Home Depot posts record sales as demand for DIY products surges

Home Depot posts record sales as demand for DIY products surges

Source: Reuters
Date of Publication: August 18th, 2020
Home Depot Inc (HD.N) reported its biggest rise in quarterly same-store sales in at least two decades on Tuesday as demand for paint, tools and other home improvement products surged from consumers stuck indoors due to the COVID-19 pandemic.
Home Depot Braced for Covid Pain—Then Americans Remodeled - WSJ

Home Depot Braced for Covid Pain—Then Americans Remodeled

By: Sarah Nassauer
Source: The Wall Street Journal
Date of Publication: August 16th, 2020
After lobbying to be open, the big box scrambled to meet demand. Old benchmarks don’t apply, says CEO Craig Menear: ‘None of that has a correlation anymore.’
REI to sell brand-new headquarters outside Seattle, embrace 'new normal' of remote work _ Fox Business

REI to sell brand-new headquarters outside Seattle, embrace 'new normal' of remote work

By: Travis Fedschun
Source: Fox Business
Date of Publication: August 13th, 2020
Company walking away from 380,000-square-foot building and 8-acre campus.
Stein Mart files for bankruptcy and plans to close most, if not all, of its stores

Stein Mart files for bankruptcy and plans to close most, if not all, of its stores

By: Lauren Thomas
Source: CNBC
Date of Publication: August 12th, 2020
The off-price retailer Stein Mart has filed for Chapter 11 bankruptcy protection and plans to shutter most of its stores.
Stein Mart operates 281 stores across 30 states in the U.S., according to its website.
The biggest US mall owner Simon says still looking to salvage other distressed retailers

The biggest US mall owner Simon says still looking to salvage other distressed retailers

By: Lauren Thomas
Source: CNBC
Date of Publication: August 10th, 2020
Simon Property Group Chief Executive David Simon said Monday that the company is still looking to salvage additional distressed retailers, having already made bids for bankrupted Lucky Brand, Brooks Brothers and J.C. Penney.
Mall owner Simon Property profit disappoints as pandemic cuts shopping days

Mall owner Simon Property profit disappoints as pandemic cuts shopping days

Source: Reuters
Date of Publication: August 10th, 2020
Simon Property Group Inc (SPG.N) missed Wall Street estimates for quarterly profit on Monday, hurt by unpaid rent from retailers across its U.S. malls who suffered a total loss of 10,500 shopping days due to coronavirus-led lockdowns.
Foot Locker Says Same Store Sales Up 18 Percent Due In Part To Stimulus Checks

Foot Locker Says Same Store Sales Up 18 Percent Due In Part To Stimulus Checks

By: PYMNTS
Source: PYMNTS
Date of Publication: August 10th, 2020
Foot Locker reported comparable store sales increased by 18 percent in the second-quarter ended Aug. 1 as the chain reopened and sales unexpectedly increased — likely due in part to government stimulus checks.
eBay to Match $1 Million in Funds Raised by Sellers Who Donate to COVID-19 Response

eBay to Match $1 Million in Funds Raised by Sellers Who Donate to COVID-19 Response

By: eBay
Source: eBay
Date of Publication: March 31st, 2020
eBay's marketplace will match charitable contributions from US sellers who give a portion of sales to Feeding America, Direct Relief and The Opportunity Fund.
Learn More about Our Operations during COVID-19 -Patagonia

Learn More about Our Operations during COVID-19 -Patagonia

By: Patagonia
Source: Patagonia
An update on Patagonia's current operations and more information about what their customers can expect.
Best Buy Provides Business Update Related to COVID-19

Best Buy Provides Business Update Related to COVID-19

By: Best Buy Co., Inc.
Source: Best Buy Co., Inc.
Date of Publication: April 15th, 2020
Best Buy Co., Inc. announces business updates related to the coronavirus (COVID-19)