Friday, December 3, 2021

Office use proposed for former Lord & Taylor Burlington Mall space

Daily Times Chronicle

BURLINGTON - The currently vacant Lord & Taylor space could be getting in on the renovation act that has been taking place at Burlington Mall for the past two years. . . . more 

Ulta Beauty tops expectations as beauty business rebounds


Ulta Beauty reported better-than-expected third-quarter results with comp sales that topped pre-pandemic levels.. . . more 

Thursday, December 2, 2021

Toys ‘R’ Us to open global flagship at American Dream


Toys “R” Us is making a big move in its U.S. retail comeback — just in time for the holidays.
The iconic toy retailer will open a flagship — the first in the United States under its new owners — in mid-December at American Dream, the massive, three million sq.-ft.-plus entertainment and retail center in East Rutherford, New Jersey. The two-level, 20,000-sq.-ft. store will feature a modern design with signature elements that have long been associated with the retailer, including its mascot, Geoffrey the Giraffe.. . . more

Five Below in strong Q3; holiday off to ‘strong start’


Five Below reported third-quarter results that beat Wall Street expectations despite a “challenging” supply chain environment. The teen and tween value retailer reported that its earnings totaled $24.2 million, or $0.43 a share, in the quarter ended Oct. 30, compared with $20.4 million, or $0.36 a share, in the year-ago period. Analysts had expected earnings per share of $0.29. . . . more

Wednesday, December 1, 2021

NRF holiday recap: In-store shopping up, online down; average spend falls YOY

Approximately 104.9 million people shopped in stores from Thanksgiving Day through Cyber Monday, up from 92.3 million in 2020, according to the annual survey by the National Retail Federation and Prosper Insights & Analytics. The overall number of online shoppers decreased to 127.8 million from 145.4 million last year.  . . . more

Tuesday, November 30, 2021

Walmart CFO Brett Biggs to depart

 Supermarket News

Walmart Chief Financial Officer Brett Biggs plans to leave the company in 2023 to pursue other opportunities.. . . more

Biden meets with CEOs about supply chain issues; Walmart cites improvements


CEOs of Kroger, Best Buy, Etsy were among executives who met with President Biden at the White House on Monday to discuss the state of holiday supply chain challenges. . . . more