Author: Andy Polk

Foot Locker Inc. reported earnings rose 7.6 percent on an adjusted basis as same-store sales jumped 18.6 percent. Results were in line with a pre-announcement provided on August 10. Second Quarter Results Net income for the company’s second-quarter of 2020 was $45 million, or $0.43 per share,...

Amazon announced plans to add 3,500 tech and corporate jobs across a half-dozen U.S. cities. The cities include Dallas, Detroit, Denver, New York, Phoenix, and San Diego. Amazon said it will invest more than $1.4 billion in these new offices which will host teams supporting businesses...

Foot Locker Inc. has opened its largest store in Singapore. Located in Orchard Gateway @Emerald, the five-story space with retail over three-levels combines product, in-store presentations and customer experiences featuring a multi-branded basketball collection and a half-court in B2. The mix features footwear and apparel from...

Target Corp. reported second-quarter comparable sales grew 24.3 percent, the strongest the company has ever reported. Store comparable sales increased 10.9 percent. Digital comparable sales grew 195 percent, accounting for 13.4 percentage points of Target’s comparable sales growth. Overall sales were $22.7 billion against $18.2 billion,...