News

February 8, 2023     Amazon’s 4Q22 sales came in above guidance, increasing 9% to $149.20 billion. Excluding the unfavorable impact of foreign exchange rates, sales would have increased 12%. Amazon Web Services (AWS) continued to perform the strongest, increasing 2 ... Read more
Peyton Radford
February 1, 2023         Party City, DIP was granted authority to reject leases on 28 locations closed prior to the Chapter 11 proceedings. These likely comprise some of the 55 stores closed just prior to COVID, and 13 others closed since, leaving the C ... Read more
Peyton Radford
January 25, 2023     At a recent conference, Whole Foods’ CEO Jason Buechel announced plans to escalate the pace of new store growth and expand to more global markets. The Company is planning to eventually open 30 or more stores a year, and while it currently has ... Read more
Peyton Radford
January 18, 2023     Albertsons reported favorable 3Q22 results, with comps up 7.9% fueled by inflation. Gross margins eroded due to higher product, shrink and supply chain costs, and lower COVID-related revenue. However, this was more than offset by the stronger sales ... Read more
Peyton Radford
January 11, 2023       In a January 5 announcement, Bed, Bath & Beyond indicated that “there is substantial doubt about the Companys ability to continue as a going concern.” It further indicated it is evaluating strategic alternatives, “includ ... Read more
Peyton Radford
January 4, 2023     Published reports indicate that Amazon Fresh has fully built at least seven grocery stores that are currently sitting unoccupied (dubbed “zombie stores”). Unopened stores are located in San Diego, CA, Eden Prairie, MN, Philadelphia, PA, ... Read more
Peyton Radford
December 21, 2022     Stater Bros. momentum continued in FY22 with estimated sales increasing nearly 10% as the Company benefited from elevated at-home eating, high single-digit grocery inflation, and two new store openings. To differentiate itself from the competiti ... Read more
Peyton Radford
December 14, 2022     Costco saw its nine-quarter streak of double-digit revenue growth broken with its 1Q23 results. While not up double-digits, it was still respectable, as revenue gained 8% and comps grew 7.1%. Management indicated that inflationary increases ... Read more
Peyton Radford
December 7, 2022     Claire’s is opening 21 store-in-store locations in Macy’s to diversify its retail footprint. The stores began opening this month and Claire’s will share in the revenue generated by the sales of its products. The Company is insta ... Read more
Peyton Radford
November 30, 2022     As part of its continued collaboration with retailers and stadiums to equip locations with Just Walk Out technology and Amazon One palm recognition and payment, Amazon opened a store called “Twice Daily” inside Bridgestone Arena i ... Read more
Peyton Radford

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