Corporate Finance

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  1. Corporate Finance

Rite Aid posts strong retail results in Q1

CAMP HILL, Pa. — Rite Aid Corp. posted results for the first quarter of fiscal 2022 that fell short of some analysts’ projections although the company’s retail pharmacy segment achieved robust sales and profit growth. Heyward Donigan The reported net loss from continuing operations for the 13 weeks ended May 29 fell to $13.1 million, […]
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  1. Corporate Finance

Rite Aid Releases Third Annual Corporate Sustainability Report

Rite Aid today published its third annual corporate sustainability report, detailing the company’s enhanced Environmental, Social, and Governance (ESG) strategy. The report introduces four key pillars underpinning Rite Aid’s sustainability efforts: building a thriving planet, thriving business, thriving workplace, and thriving community. Trent Kruse, senior vice president, investor relations and treasury, Rite Aid. “As a […]
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  1. Corporate Finance

What Is CRM?

If you’re a business owner or if you interface with customers, you’ve probably heard the term “CRM” bantered around. But what is CRM, and what does CRM do? And more importantly, what can a CRM do for your business to help it grow? What is CRM?  CRM stands for Customer Relationship Management, and it’s a […]
4 min read
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  1. Corporate Finance

Cannes LIONS Live 2021: Post COVID World: The Next Phase with Brands and Esports

Few industries were prepared for the massive disruption that the COVID-19 pandemic caused throughout 2020, and even fewer were able to find a way to grow. The video game industry, however, did just that, with 82% of global consumers reporting that they played video games and watched game content during the height of the COVID-19 […]
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  1. Corporate Finance

PVH Sells Off Heritage Brands as it Turns Focus to Calvin Klein, Tommy Hilfiger

PVH Corp. is selling its Heritage Brands portfolio — which includes the Izod, Van Heusen, Arrow and Geoffrey Beene brands — to fellow brand management firm Authentic Brands Group for approximately $220 million. PVH had been working to optimize the Heritage Brands portfolio over the past few years amidst a shifting of resources to “higher-return businesses,” said […]
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  1. Corporate Finance

Rite Aid shares plummet; CEO cites Covid uncertainty for drug store chain’s cautious outlook

Shares of Rite Aid sank roughly 14% on Thursday, as Wall Street digested mixed quarterly results and weaker earnings guidance. KEY POINTS Rite Aid CEO Heyward Donigan told CNBC on Thursday she’s “cautiously optimistic” the U.S. would avoid another round of strict Covid restrictions. Despite the presence of the delta variant, she said, “We all hope that […]
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  1. Corporate Finance

Snackpass gobbles up $70M at a $400M+ valuation as its social food ordering platform crosses 500K users

While every food delivery company is trying to get an edge on its rivals with discount codes, faster service, and a turn into the realm of spooky with ghost kitchens and dark stores, a startup built on a lighter, social concept — letting people see what their friends are chomping on, making it possible to […]
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  1. Corporate Finance

What Retailers can Learn from Theme Parks in the Wake of COVID-19

The COVID-19 pandemic has accelerated the growth of ecommerce, with the U.S. Census Bureau reporting a 36.7% increase in online sales in Q3 2020 compared to the same time in 2019. This shift has naturally led to conversations among retailers, real estate developers and property landlords about where brick-and-mortar retail fits this “next normal” of […]
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  1. Corporate Finance

Google delays Chrome’s cookie-blocking privacy plan by nearly 2 years

It takes time to fix privacy problems without hurting ad-dependent websites, the search giant says.
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  1. Corporate Finance

Google Delays Cookie Removal to Late 2023

Plan to remove web-tracking technology from Chrome has faced pressure from competition regulators, privacy zealots and the digital-media industry
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  1. Corporate Finance

Amazon Announces Major Renewable Energy Agreement in Canada

375 MW solar farm in Vulcan County is Amazon’s second renewable energy project in Alberta, bringing the company’s investment in Canada to more than 450 MW, which will allow it to supply its local operations with more than 1 million MWh of renewable energy Amazon is already the largest corporate
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  1. Corporate Finance

Target plans for 100% Circular Private Brands

Target Corporation today unveiled Target Forward, the retailer’s new sustainability strategy that puts its business to use to positively impact both people and the planet. Building on its legacy of corporate responsibility and sustainable practices, Target Forward marks a new era in sustainability for the company, as the retailer aims to co-create an equitable and […]
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  1. Corporate Finance

How Resale, Sustainability and its 3,300 Stores Support Goodwill’s Key Mission — Jobs

In 1902, Reverend Edgar Helms began collecting used goods that were being discarded in wealthy Boston neighborhoods and redistributing them to people in need. Helms quickly realized that by employing those same people to repair and resell the products, he could give them something much more valuable than a handout — he could give them […]
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  1. Corporate Finance

Home Improvement Store Structure; Bezos’ Last Letter at Amazon; Millennials Most Likely to Shop Online

  Our work suggests Lowe’s is working to rearrange its organizational structure to more closely match other big box retailers like Walmart, Target, and Home Depot. Contrary to in the past, online and brick & mortar merchants seem to be aligned on goals versus in competition against each other. These types of changes at the […]
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  1. Corporate Finance

HBC Splits Saks OFF 5TH Into Online and In-Store Businesses — a Path Other Brands May Follow

HBC will spin off the ecommerce operations of Saks OFF 5TH into its own independent entity through a partnership with Insight Partners. This is the second such separation made by HBC in recent months. The department store retailer took a similar route by dividing Saks Fifth Avenue into distinct ecommerce and brick-and-mortar companies — a […]
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  1. Corporate Finance

Target announces new sustainability strategy

MINNEAPOLIS — Target Corp. on Tuesday unveiled Target Forward, the company’s new sustainability strategy that puts its business to use to positively impact both people and the planet. Building on the retailer’s legacy of corporate responsibility and sustainable practices, the company said Target Forward marks a new era in sustainability the company, as the retailer […]
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  1. Corporate Finance

Facebook Is Likely to Report Huge Growth in Q2

With just over a week left in Q2, investors are gearing up for earnings season. Quarterly reports are bound to feature interesting insights, particularly since many companies are up against some COVID-19-impacted year-ago comparisons. Social network giant Facebook (NASDAQ: FB) is
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  1. Corporate Finance

You=Leader.

Every single person can be a leader. Leader is not a title that is bestowed but a role that is lived. Leader does not mean boss. One can be a leader with zero minions or reporting staff. People are assigned to bosses. They follow leaders. The six traits of leaders. Everyone can learn and build […]
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  1. Corporate Finance

DoorDash clear leader in third-party delivery

A recent report by Blomberg Second Measure shows that DoorDash had captured over 50 percent of the restaurant delivery market in May of 2021. Uber Eats had 21%, Postmates had 5% and Grubhub had 18%. Waitr earned 1% of national sales. The trend started before the pandemic but only increased when the shelter-in-place orders were […]
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  1. Corporate Finance

A look inside Google’s first store, opening in NYC’s Chelsea neighborhood tomorrow

There have been plenty of pop-ups over the years, but tomorrow Google’s first store opens in NYC’s Chelsea neighborhood. The brick-and-mortar model finds the company joining peers like Apple, Microsoft, Samsung and even Amazon, all of whom have a retail presence in Manhattan, including several just around the corner from Google’s new digs. The new […]
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  1. Corporate Finance

Brick-and-Mortar Retail: The New Playbook for In-Store Experiences

The past year was more than rough for physical retail. It was devastating. Adding the effects of the Covid-19 induced shutdowns and restrictions to the steady, decades-long erosion of middle-class income resulted in 30 major retailers filing for bankruptcy. While The post Brick-and-Mortar Retail: The New Playbook for In-Store Experiences appeared first on Medallion Retail.
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  1. Corporate Finance

The Jigsaw of Return.

If leaving the office was hard to do, returning will be fraught with more difficulty. Just like a champagne cork once removed expands and does not fit, it will be hard to put work back in the office. Both, the decisions on what a “return to the office” means and how the decisions are made […]
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  1. Corporate Finance

Two To Transform : Embrace Tech. Upgrade Talent.

A river of change is carrying everybody and every company into the future. Six significant forces are sculpting the frontiers of tomorrow. While there is a great complexity to be dealt with to ensure a profitable and successful tomorrow, there are only two key drivers that matter. These are ones we should focus on and […]
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  1. Corporate Finance

Walmart’s Latest Drone Investment Sets Stage for ‘Conducting Drone Deliveries at Scale’

As Walmart advances its on-demand delivery capabilities with plans to launch a drone delivery pilot at a Bentonville, Ark. store, the retail giant has made a strategic investment in drone startup DroneUp. “Conducting drone deliveries at scale is within reach” said John Furner, CEO and President of Walmart U.S. in a statement, citing the retailer’s […]
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  1. Corporate Finance

Forrester’s US Retail Recovery Heat Map, June 2021 — Expected Income Loss Still High In Some Metros

Retail recovery is proceeding at different rates in various parts of the US. In May 2021, we adjusted our retail recovery heat map model to include the following factors: Economic sentiment — based on household expected loss of income in the next four weeks Change in cases — 14-day percentage change in cases Saturation of […]
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