May 12, 2021
Dick’s Sporting Goods is introducing its latest new format, a new off-price concept called Going, Going, Gone!, with new stores opening on May 28 in Avon, IN and Monroeville, PA. The new banner will offer “surprising dea ... Read more
May 5, 2021
Today, The ODP Corporation announced that its Board of Directors unanimously approved a plan to separate the Company into two independent, publicly traded companies, including:
ODP, a provider of retail consumer and small business pr ... Read more
April 28, 2021
Amazon is reportedly building new Amazon Fresh full-sized grocery stores that will utilize the Just-Walk-Out technology it has incorporated into its smaller Amazon Go stores. Planning documents are said to include a dozen ent ... Read more
April 21, 2021
In Amazon’s annual shareholders meeting, CEO Jeff Bezos said its Prime service has 200 million subscribers. That is an increase of 50 million new subscribers in roughly a year, less than half the time it took for the Company to h ... Read more
April 14, 2021
Southeastern Grocers’ (SEG) sales growth decelerated from earlier periods but remained strong in 4Q, resulting in a just over a 15% increase in full-year comps. The Company previously announced plans to sell 125 stores, incl ... Read more
April 7, 2021
At Kroger’s investor event held last Wednesday, management reiterated FY21 guidance for an identical sales decline of 3% – 5% and EPS of $2.75 – $2.95. The Company also outlined plans for shareholder return o ... Read more
March 31, 2021
J.C. Penney announced it will close 18 stores on May 16. Management indicated it doesn’t anticipate any additional closures, and its go-forward store count is 672. The Company operated 846 locations when it filed bankruptcy ... Read more
March 24, 2021
Dollar General released solid 4Q20 results, a subdued forecast for the FY21 topline, and more details on its aggressive expansion plans. 4Q20 sales rose 17.6%, correlating with a 21% jump in operating income for the quarter. Margi ... Read more
March 17, 2021
Amazon Fresh opened a new 40,000 square-foot store in Bloomingdale, IL, marking its fourth location in the state. Amazon Fresh currently operates 11 stores, with the first opening just this past September. It is currently seeking ... Read more
March 10, 2021
Sprouts Farmers Market plans to open approximately 20 stores this year, including four new smaller-format units and one relocation. CFO Dave McGlinchey commented, “This year, Sprouts will densify its footprint with more stor ... Read more
