Financial News

Retail sales in January rose 5.9% from December and 10.7% year-over-year, according to the National Retail Federation.

For the fiscal period ended Dec. 31, Ahold Delhaize reported that its same-store sales grew 11.2%, due largely to COVID-19 related sales strength.

CVS Health saw revenues increase 4% for the fourth quarter and 4.6% for the year ended Dec. 31, 2020.

According to Customer Growth Partners’ 2021 annual forecast, retail sales in 2021 will increase to a record $4.26 trillion, up 8.1% year-over-year.

Andy Jassy, a longtime employee who currently leads Amazon Web Services, will take over the CEO role in Q3, with Bezos set to transition to the role of executive chair of Amazon’s board. 

Southeastern Grocers announced that its initial public offering will be postponed as it evaluates the timing for the offering as market conditions develop.

Retailers are optimistic that they will experience a better sales year in 2021, according to a Korn Ferry survey of more than 50 major U.S. retail companies.

Southeastern Grocers announced the launch of its initial public offering of 8,900,000 shares of its common stock.