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Store comps at the off-price retailer soared 10% in Q2, thanks to new and returning customers, in sharp contrast to major rival TJX Cos.
The outdoor retailer will go private in a deal led by Marquee Brands that is designed to ensure it "remains anchored in Canadian culture."
Long lead times in the category mean a rebound will take time. Meanwhile, the department store is setting its sights on its centennial Thanksgiving Day Parade.
The service covers thousands of SKUs and uses more than 2,000 U.S. stores as fulfillment hubs.
Former Foot Locker executive Adrian Butler will oversee technology and former Starbucks CTO Gerri Martin-Flickinger will sit on the board.
The retailer is harnessing 3D and AR technology to help shoppers preview frames in their spaces.
CFO John David Rainey said brick and mortar is vital as retail becomes more omnichannel. Meanwhile, Walmart's Q2 U.S. comps were softened by drug pricing regulation.
Bill Chandler will leave the company just days before incoming CEO Heidi O'Neill arrives.
Some analysts believe the off-price retailer is also suffering the consequences of stiffer competition and consumers' resistance to price increases.
Older consumers are fueling growth in the industry, according to a new Circana report.
The e-commerce giant will soon launch Prime Air deliveries in metro Atlanta, Chicago and Cleveland, giving customers another fast shipping option.
Growth in Pro, home services and online sales helped the home improvement retailer eke out a 0.2% comp increase.
The department store, which is leaning on value to woo back customers, just a few weeks ago priced thousands of school supplies under $25.
The SymMicro system is expected to "come to life" in about six months, advancing the retailer's efforts to accelerate in-store pickup and delivery operations.
The Authentic-owned brand is available at the retailer's U.S. locations and online and offers a more relaxed silhouette than the main collection, which is carried at Bloomingdale's.
