FINANCE

Petco CEO out; taps former Best Buy exec as interim chief
Petco is undergoing a leadership transition as it reports increasing revenue but declining profits.
Dollar Tree to close 600 Family Dollar stores in 2024; swings to Q4 loss
Dollar Tree is shrinking the footprint of its Family Dollar banner.

NRF: E-commerce spurs sales growth in February

So far, 2024 is off to a good start for retailers.
Kohl’s beats Street with Q4 swing to profit

Even as year-over-year sales declined, Kohl’s Corp. was able to shift from net loss to profit in the fourth quarter of fiscal 2023.
The Body Shop ceases all U.S. operations; files for Chapter 7 bankruptcy

The Body Shop has shut down all of its U.S.-based operations.
Children’s Place receives $48.6 million loan

The Children’s Place has boosted its liquidity.
St. Patrick’s Day spending to hit record $7.2B

Two new surveys suggest retailers will be seeing green this St. Patrick’s Day.
Gap Q4 earnings smash estimates

Gap Inc. swung to a profit in its fourth quarter amid rising sales at its namesake and Old Navy brands and improved in-store traffic.
Costco holiday-quarter sales, traffic up; no membership fee hike — yet

Costco Wholesale Corp. maintained momentum in the crucial holiday quarter amid strong e-commerce growth and traffic gains.
BJ’s to open 12 new stores in 2024; will enter new state next year

BJ’s Wholesale Club Holdings continues to expand into new markets.

Petco CEO out; taps former Best Buy exec as interim chief