Pittsburgh — Dick’s Sporting Goods reported a 23.2 percent increase in same-store sales for its fiscal third quarter that ended Oct. 31, the company’s best performance in that metric since going public nearly two decades ago. In addition, the Pittsburgh-based
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Richfield, Minn. — Best Buy Co. Inc. reported that its comparable-store sales grew 23 percent in the third quarter compared with the same period a year ago, a figure CEO Corie Barry called “remarkable.” The Richfield-based retailer’s third quarter ended
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Minneapolis — Citing its multiple shopping channels and merchandising mix, Target Corp. reported Wednesday that its third-quarter comparable sales grew 20.7 percent compared with the same period a year ago. Digital comparable sales soared 155 percent, accounting for 10.9 percentage
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Washington, D.C. — Retail sales have been increasing month-over-month and year-over-year for every month since June, according to the National Retail Federation’s (NRF) Monthly Economic Review. Retail sales in October were up 1.9 percent over September, which beat expectations from economists surveyed
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Chattanooga, Tenn. and Philadelphia — Against headwinds brought on by the COVID-19 pandemic, CBL & Associates Properties Inc. andPennsylvania Real Estate Investment Trust (PREIT) filed for Chapter 11 bankruptcy protection on Sunday, Nov. 1. PREIT Philadelphia-based PREIT owns and operates
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Louisville, Ky. — Yum Brands reported third-quarter revenue of $1.45 billion, up 8 percent from the same period a year ago. Taco Bell reported the highest positive year-over-year growth, recording $501 million in sales, a 2 percent increase from third-quarter
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Seattle — Starbucks Coffee reports that global comparable-store sales fell 9 percent in the fiscal fourth quarter on a year-over-year basis, but the company’s performance still beat economists’ expectations. Total revenue for the Seattle-based coffee chain reached $6.2 billion in
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Albany, N.Y. — Stuyvesant Plaza has donated $100,000 worth of gift cards to help students at the University of Albany buy basic needs items, professional clothing for job interviews and health and wellness services. The gift cards can be used
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Newport Beach, Calif. — Year-over-year revenue for Chipotle Mexican Grill increased 14.1 percent to $1.6 billion for third-quarter 2020. Digital sales soared 202.5 percent to $776.4 million, accounting for 48.8 percent of sales for the period. The company’s net income
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Minneapolis — Ahead of the holiday shopping season, Minneapolis-based Target Corp. is adding more safety measures for shoppers in response to the ongoing COVID-19 pandemic. Customers can download the Target app to utilize contactless payment options and employees throughout the store
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