L Brands Reports Holiday Same-Store Sales Growth of 5 Percent

Columbus, Ohio — L Brands Inc., the parent company of retailers Victoria’s Secret and Bath & Body Works, reported that its same-store sales during the holiday period grew 5 percent, compared with a 3 percent drop one year ago. Shoppers

Kroger’s Digital Sales Surge 127 Percent in Second Quarter

Cincinnati — The Kroger Co. (NYSE: KR) has reported that its digital sales surged 127 percent in the second quarter, which ended Aug. 15. Consumers have been buying more groceries online as a result of the coronavirus. “Investments made to

Big Lots Store Sales Increase 31.3 Percent Year Over Year

Columbus, Ohio — Big Lots Inc. (NYSE: BIG) has reported net sales of $1.6 billion in its fiscal second quarter, which ended Aug. 1. This figure is 31.3 percent higher than the second quarter of 2019, which totaled $1.2 billion.

Marathon Petroleum to Sell Speedway to 7-Eleven for $21 Billion

Findlay, Ohio — Marathon Petroleum Corp. (NYSE: MPC) has entered into a definitive agreement with 7-Eleven Inc., whereby 7-Eleven will acquire the convenience store chain Speedway for $21 billion in cash. The transaction is expected to close in the first

Kroger Reports 92 Percent Digital Sales Growth in First Quarter

Cincinnati — Digital sales at the Kroger Co. (NYSE: KR) increased 92 percent in the first quarter, according to the company’s latest financial results. Total company sales were $42 billion in the first quarter, compared with $37 billion for the