Industries

Retail

Hasbro revenue falls 29% as store closures, product shortages hurt sales; shares drop

Hasbro revenue falls 29% as store closures, product shortages hurt sales; shares drop

By: Sarah Whitten
Source: CNBC
Date of Publication: July 27th, 2020
Store closures, product shortages and lower retail inventory hampered Hasbro in the second quarter. Despite strong demand for toys in the quarter, Hasbro’s revenue fell 29% on a pro forma basis. Nearly 30% of its global toy and game revenue came from online sales.
Mattel beats sales estimates as bored kids turn back to Barbie

Mattel beats sales estimates as bored kids turn back to Barbie

Source: Reuters
Date of Publication: July 23rd, 2020
Mattel Inc beat quarterly sales expectations on Thursday, as its North Americans customers splurged on Barbie dolls and Uno playing cards to keep their kids entertained during coronavirus-induced lockdowns.
Inside the Story of How H-E-B Planned for the Pandemic

Inside the Story of How H-E-B Planned for the Pandemic

By: Dan Solomon and Paula Forbes
Source: Texas Monthly
Date of Publication: March 26th, 2020
The grocer started communicating with Chinese counterparts in January and was running tabletop simulations a few weeks later. (But nothing prepared it for the rush on toilet paper.)
Men’s Warehouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce

Men’s Warehouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce

By: Lauren Thomas
Source: CNBC
Date of Publication: July 21st, 2020
Men’s Warehouse owner Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second quarter. It also said it has selected up to 500 of its stores that it could close “over time.” It did not disclose a list of locations. Earlier this month, Tailored Brands skipped a $6.1 million payment to bondholders, triggering a 30-day grace period.
JCPenney shouldn't survive the pandemic

Why JCPenney isn't going out of business -- yet

By: Chris Isidore
Source: CNN
Date of Publication: July 16th, 2020
JCPenney has survived world wars, the Great Depression, the Great Recession and the rise of both big box and online rivals. But surviving the Covid-19 pandemic is very much in doubt.
As outbreak spreads beyond big cities, Lowe's looks to help rural small businesses and serve customers in new ways

As outbreak spreads beyond big cities, Lowe’s looks to help rural small businesses and serve customers in new ways

By: Melissa Repko
Source: CNBC
Date of Publication: July 16th, 2020
Lowe’s said it will donate $25 million toward small business grants in rural communities, in addition to $30 million in grants for minority-owned businesses.
CVS Covid-19 Test Results Are Taking Longer Than Customers Have Been Told - WSJ

CVS Covid-19 Test Results Are Taking Longer Than Customers Have Been Told

By: Scott Patterson, Sarah Krouse and Sharon Terlep
Source: The Wall Street Journal
Date of Publication: July 17th, 2020
Testees complain about waiting more than 10 days as coronavirus cases surge in U.S.
DoorDash partners with Walgreens to deliver over-the-counter drugs and other health products

DoorDash partners with Walgreens to deliver over-the-counter drugs and other health products

By: Kevin Stankiewicz
Source: CNBC
Date of Publication: July 16th, 2020
DoorDash announced a partnership Thursday with Walgreens Boots Alliance to deliver over-the-counter medication and other products from the drugstore chain.
CVS and Target join other major retailers in requiring masks in US stores - CNN

CVS and Target join other major retailers in requiring masks in US stores

By: Nathaniel Meyersohn and Allison Morrow
Source: CNN
Date of Publication: July 16th, 2020
CVS (CVS) and Target (TGT) will require customers to wear masks in their stores across the United States as the retail industry moves to enforce mask mandates to slow the spread of the coronavirus.
U.S. retail sales pop more-than-expected in June

U.S. retail sales pop more-than-expected in June

Source: Reuters
Date of Publication: July 16th, 2020
U.S. retail sales increased a better-than-expected 7.5% in June. That was on top of the 18.2% jump in May, which was the biggest gain since the government started tracking the series in 1992. The budding economic recovery is being threatened, however, by a resurgence in new Covid-19 infections and high unemployment.
TAGS: