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The Weekly Closeout: JD Sports now ‘bigger than Foot Locker' and is Rite Aid mulling another bankruptcy? [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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It's been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we're still thinking about. From Sam's Club's goal of growing membership “not tethered to a physical club,” to Justice celebrating Pac-Man's 45th anniversary, here's our closeout for the week. JD Sports says it is now bigger than Foot Locker in North America In its Q4 earnings announcement, U.K.-based JD Sports said the outcome of tariffs — which have caused significant upheaval as they've regularly fluctuated — is still uncertain and the company expects the landscape to continue to be “volatile” this year. “We are in regular dialogue with our brand partners but it is too early to comment on the potential sector impact,” the retailer said Wednesday. The macroeconomic environment aside, JD Sports ended its last fiscal year on a high note, with 5.8% organic revenue growth. In North America, the group's revenue grew 7.5%
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