TJX wins across the board in Q4 with increases across all brands
TJX. Cos. showed the strength of its off-price model in the fourth quarter with sales and earnings that beat expectations amid increased store traffic. All its banners came up as winners.
Burlington Stores to shut down e-commerce site, focus solely on physical stores
Burlington Stores is getting out of the e-commerce business. After reporting fourth-quarter sales and earnings that beat Street estimates, the off-price retailer dropped a bombshell on its quarterly call with analysts. Company executives said that Burlington is winding down its e-commerce operations, which account for about 0.5% of total sales, and focus on growing its […]
Dollar General extends winning streak; to open 1,000 stores in 2020
Dollar General ended its fiscal year on a strong note, reporting another year of record sales and earnings that included its 30th consecutive year of same-store sales growth. The deep discounter will maintain its aggressive real estate strategy in 2020, with plans to open 1,000 locations and relocate 80 existing stores.
10-year Treasury yield falls below 0.8% after Fed’s emergency move to cut rates to zero
Treasury yields fell on Monday after the Federal Reserve cut interest rates to near zero and vowed to boost its bond holdings aggressively to save the U.S. economy from the coronavirus fallout.
Costco brings big and bulky delivery in-house with $1B acquisition
Costco completed the acquisition of Innovel Solutions, a middle and final mile delivery and installation carrier, from Sears and Kmart parent company Transform Holdco (TFCO), for $1 billion financed from its existing cash balances, according to a press release on Tuesday.