It’s official: Beyond Inc. now owns Buy Buy Baby brand
Murray, Utah – After 19 months on its own, Buy Buy Baby has been reunited with Bed Bath & Beyond under one corporate umbrella. Parent company Beyond Inc. announced this morning that it has...
View ArticleQVC parent shifts strategy – and corporate identity
Englewood, Colo. – Qurate Retail Inc. is rebranding as it retools the vision for its 6 core retail nameplates. The new QVC Group Inc. incorporates the brand equity of the company’s largest brand and...
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Beyond Inc. points to sequential improvement in Q4
Murray, Utah – Beyond Inc. dramatically narrowed its loss during the fourth quarter but also saw sales tumble by double-digits as it slashed underperforming merchandise. For the quarter ended Dec. 31,...
View ArticleHome, furniture top a weak field in Dillard’s lackluster Q4
Little Rock, Ark. – Sales and profit declined during the fourth quarter at Dillard’s, with weak margin performance punching the bottom line. Total retail sales (which excludes the company’s CDI...
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Bed Bath & Beyond is slashing skus and consolidating vendors
Murray, Utah – Beyond Inc. has jettisoned millions of skus as it walks away from a broader marketplace model for key nameplates like Bed Bath & Beyond and Overstock.com. Since April of 2024, the...
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TJX beats Q4 expectations, but looks ahead with caution
Framingham, Mass. — TJX Cos.’s top line sales were flat in the fourth quarter, but comps were robust across the board and profit exceeded the company’s plan. The multi-nameplate retail company also set...
View ArticleHomeGoods hikes store opening outlook
Framingham, Mass. – TJX Cos. is optimistic about store expansion and is jacking up the tally for long-term store growth. The company has now hiked its outlook for total store locations up to 7,000...
View ArticleNew Pottery Barn Teen collab taps into the world’s most popular sport
San Francisco – Pottery Barn Teen is launching a new home furnishings collaboration with Major League Soccer (MLS), the professional soccer league in the United States and Canada. The collection...
View ArticleQVC Group revenues struggled to keep pace in Q4
Englewood, Colo. – Top-line sales at QVC Group Inc. contracted during the fourth quarter while its operating loss widened dramatically. In the QxH division, which consists of QVC U.S. and HSN, revenue...
View ArticleAnother 22 Big Lots stores designated for Variety Wholesalers
Wilmington, Del. — A document filed on Feb. 28 in the U.S. Bankruptcy Court for the District of Delaware designated 22 additional Big Lots stores to be transferred to Variety Wholesalers. These stores...
View ArticleNRF chief economist says Washington policies “blur” the economic outlook
Washington – The strong economic performance seen in 2024 is expected to carry on into 2025, but actions from the White House and Congress are creating uncertainly about how they will impact the...
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Target hedges on guidance as tariffs roll out
Minneapolis – Although Target posted better-than-expected fourth quarter earnings this morning, it warned of “uncertainty” around both consumer confidence and President Trump’s tariff actions. For the...
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Ross braces for difficult environment as sales soften
Dublin, Calif. – Although fourth quarter performance landed as expected, sales trends at Ross Stores Inc. began softening later in January and into February. Jim Conroy, who officially became CEO on...
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Macy’s makes incremental progress on 3-year plan
New York – Macy’s Inc. wrapped up the first year of its Bold New Chapter initiative with its best comp performance in 11 quarters, although the growth was minimal. The company achieved its best...
View ArticleAfter boffo Q4, Burlington keeping tight control on open-to-buy
Burlington, N.J. – Fourth quarter results at Burlington Stores Inc. came in well above expectations, but the new fiscal year has gotten off to a sluggish start. “In February, our first quarter trends...
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Home malaise? Not at Costco
Issaquah, Wash. – Home furnishings and housewares performed well at Costco Wholesale during the holiday quarter, both in clubs and online. During the company’s second fiscal quarter, which ended Feb....
View ArticleWayfair cuts 340 tech employees after completing platform upgrades
Boston — Wayfair Inc. has cut 340 members from its technology team, citing the company’s efforts to reshape, streamline and refocus its technology organization after completing its modernization and...
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Target moving to get its groove back in the home business
Target is revamping its home business by refreshing products, accelerating development, and enhancing its seasonal and holiday offerings. Signature brands, including Threshold and Hearth & Hand...
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Beyond cuts loose senior exec as it shuffles leadership
Murray, Utah – Dave Nielsen, most recently president and principal executive officer (PEO) of Beyond Inc., has exited the company as it reworks its executive structure. The board of directors has...
View ArticleDolly Parton refreshes exclusive collection with Dollar General
Goodlettsville, Tenn. – Dollar General is rolling out a second iteration of its kitchen and housewares collection with superstar Dolly Parton. The refreshed collection features a wide range of home...
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