superstores

The nation’s largest retailer said sales from stores and digital channels operating at least 12 months grew 7.4% for the quarter ended April 28, as it continued to gain market share.  The nation’s largest retailer said sales from stores and digital channels operating at least 12 months grew 7.4% for the quarter ended April 28, as it continued to gain market share.  FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media.…

SAN FRANCISCO— Nordstrom is closing two stores near downtown San Francisco, including one in a prominent indoor shopping mall, the latest blow to the city’s retail landscape.  The closures also reflect the challenges that merchants face in key business districts in large cities across the country, as they deal with rising operating costs, concerns about crime, and foot traffic remaining well below prepandemic levels.  SAN FRANCISCO— Nordstrom is closing two stores near downtown San…

In 1982, the mall meant freedom. You were dropped off at noon and picked up at dusk. In the hours between, you were left to roam in the preferred fashion—in a teenage pack. Some started at The Sweet Factory, then spent the afternoon dipping a hand into the candy bag like a wino with a bottle. Some started at the food court with caramel corn or Orange Julius. We all made a point of stopping by the knife shop to examine the throwing stars and Bowies. “Fast Times at Ridgemont High” was our mall epic, as…

Hundreds of shopping centers across the U.S. are poised to lose their anchor tenant in the coming months after Bed Bath & Beyond Inc. filed for bankruptcy and announced plans to eventually close its remaining stores.  While property owners will have to absorb additional costs to lure replacement tenants, and some might still struggle to fill large vacated spaces, many landlords say they aren’t worried.  Hundreds of shopping centers across the U.S. are poised to lose their anchor…

Companies are bringing back relocation benefits, paying for workers to move across the country and around the world again, in a sign of how much bosses really do want workers back in the office. Job postings in the U.S. that mention relocation benefits were up nearly 75% as of February, the latest month available, when compared with the prior year, according to hiring platform Indeed.com. On ZipRecruiter, job ads that tout relocation money have more recently doubled to 3.8 million, after…

Walmart Inc. is shuffling the leadership of its merchandising ranks, according to a document viewed by The Wall Street Journal, a shift at the country’s largest retailer as it works to navigate an unpredictable consumer landscape. Charles Redfield, who became chief merchandising officer last year, will leave the role May 1 and stay on as an adviser, said John Furner, who leads Walmart ’s U.S. operations, in a memo to staff Friday. Walmart Inc. is shuffling the leadership of its…

Walmart Inc. is selling Bonobos Inc. for $75 million, a fraction of what it paid for the menswear brand and the latest sign the big-box retailer is unwinding some of its e-commerce plays. Walmart is selling Bonobos to the fashion retailer Express Inc. and the management firm WHP Global, the companies said Thursday. WHP Global will buy Bonobos’s brand for $50 million, while Express will acquire Bonobos’s operating assets and assume the related liabilities of the business for $25 million.…

Walmart Inc. WMT 0.31% is closing four stores in Chicago after earlier closing several others in urban areas, a sign that the company is retreating from stores it hoped would attract new shoppers but that lag behind the profits of rural and suburban locations.Earlier this year the country’s largest retailer by revenue also closed a store in Washington, D.C., near the White House and two locations in downtown Portland, Ore. It didn’t reopen a store in downtown Atlanta…

Walmart Inc. WMT 0.75% is suing Capital One Financial Corp. COF 0.09% , seeking to terminate the companies’ credit-card partnership. Walmart’s lawsuit, which was filed this week, alleges that Capital One didn’t meet certain terms of the card partnership contract. The case was filed in the Southern District of New York. Walmart alleged that Capital One didn’t provide the…

Walmart WMT 1.65% is going all in on its supply chain.  The retailer, in its two-day investment community meeting that concluded Wednesday, reiterated its target to grow sales by about 4% annually over the next three to five years and to grow operating income by more than that. Chief Financial Officer John Rainey said on Wednesday that the company sees a path for operating-income growth to be markedly…