Walgreens partners with Synchrony and Mastercard to expand financial services offer
Walgreens is expanding its financial services in offering in partnership with Synchrony and Mastercard. The WBA-owned drugstore chain is poised to launch co-branded Mastercard credit and pre-paid debit cards, which will offer myWalgreens cash rewards.
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L Brands sees holiday sales rise 5 percent
L Brands has reported net sales of US$3.836 billion for the nine weeks to January 2, 2021, up 5 percent on the equivalent period last year.
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Walgreens Boots Alliance maintains growth guidance for 2021
Walgreens Boots Alliance is maintaining its guidance of low-single digit growth in adjusted earnings per share at constant rates for Fiscal 2021. Shares in the drugstore chain rose as a result last week, per Reuters.
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Lessons Learned in 2020 – Heritage brands
What did happen?The global path of destruction caused by COVID-19 has been well documented throughout the past 12 months, with China the first casualty of the pandemic. While the rest of the world watched on in horror, consumption in the region all but dried up. The...
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Ulta Q3 2020: Sales down 8.9 percent as masks hit make-up category
Ulta Beauty has announced better-than-expected sales for the third quarter of fiscal 2020. The US retailer saw sales drop 8.9 percent yoy to US$1.6 billion. However, despite market expectations of a steeper decline, shares fell last week as Ulta forecast further decreases over the holiday season hinting that the road to recovery could be long and slow-going.
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Bed Bath & Beyond appoints John Welling as SVP, Merchandise Planning, Allocation & Operations
Bed Bath & Beyond has announced the appointment of John Welling as Senior Vice President, Merchandise Planning, Allocation & Operations, effective immediately.
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L Brands sued over pension plan breach
A participant in L Brands’ 401(k) plan has launched a class action suit against the owner of Bath & Body Works charging the US retailer with beaching its fiduciary duties, according to a report published by Pensions&Investments.
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Target wins 2020: Q3 sales up 20.7 percent
Target has reported its results for the third quarter of fiscal 2020. The US retailer saw comparable sales rise 20.7 percent thanks to an impressive 155 percent hike in digital sales and solid 9.9 percent in store sales.
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Fall of the malls? Macy’s 3Q 2020 sales down 21 percent
Macy’s has reported its results for the third quarter of the current financial year. The US department store saw sales tumble 21 percent yoy to US$3,990 million and reported a loss of US$91 million, a far cry from the US$2 million net income reported in the same period last year.
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Now Walmart steps back from Japan; sells majority stake in Seiyu to KKR
Walmart and Rakuten have announced the signing of definitive agreements under which KKR will purchase a majority stake, and a new Rakuten subsidiary will purchase a minority stake in Seiyu. The deal values the business at ¥172.5 billion.
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