Financial News

Costco’s winning streak continued in June, with the retailer reporting a 16.9% year-over-year increase in sales and strong e-commerce growth.

The retail industry is seeing not only unprecedented growth from months of pent-up demand as the economy reopens but momentum as well.

For the quarter, WBA’s sales grew by 12.1% year over year to $34 billion and its earnings per share were $1.27, compared with a loss of $2.05 per share a year ago.

Founded in 2009, Harmless Harvest will operate under the umbrella of Danone Manifesto Ventures.

The company delivered against Wall Street estimates on earnings — posting a net loss of 24 cents per share — but fell short on revenue, even as it rose 2.2% year over year to $6.16 billion.

Kroger launched 253 new items under its Our Brands line and reported digital sales growth of 16% and overall sales totaling $41.3 billion in the first quarter.

Prost Beverage, RF Kettle and Two Trees Distilling are merging under a newly formed parent company, Two Trees Beverage.

According to a new survey from Shopkick, 83% of respondents report feeling financially secure and ready to put their budgets toward non-essential purchases.

Walgreens Boots Alliance said the more than $6 billion in cash generated from the sale would go toward reducing debt and investments focused on growing its retail pharmacy and healthcare businesses.

The National Retail Federation forecast that 2021 retail sales will total between $4.44 trillion to $4.56 trillion, up from $4.02 trillion in 2020.

The retailer reported that its sales rose 24.2% to $15.59 billion in May, and same-store sales rose 22.8%.