Key Takeaways MAC has gained 16.2% in six months, beating the industry's 1.9% decline on strong portfolio fundamentals.Macerich's premium malls in affluent U.S. markets support cash flows.MAC is recycling capital, shedding non-core assets to invest in higher-growth properties.Shares of The Macerich Company (MAC) have gained 16.2% over the past six months, outperforming the industry's 1.9% decline.This retail real estate investment trust (REIT) enjoys a portfolio of premium shopping centers in the United Sta ...

Financial Data and Key Metrics Changes - Net sales for Q3 were $101.9 million, down from $107.5 million in the same quarter last year, primarily due to a 7.4% decrease in comparable sales, partially offset by new store sales [21][22] - Gross margin rate was 42.7%, compared to 45.1% in Q3 of the previous year, with occupancy cost deleverage contributing 210 basis points to the decline [22] - EBITDA for the quarter was a loss of $2 million, compared to earnings of $1 million in Q3 of the previous year [23] Business Line Data and Key Metrics Changes - The shift towards value-driven private brands was noted, as these brands sell at lower average unit retails but generate higher margins [21] - The add-to-sales ratio for Q3 increased slightly to 6% from 5.7% last year, indicating strong returns from paid search and social channels [23] Market Data and Key Metrics Changes - Comparable sales were negative 6.7% in August, negative 9.3% in September, and negative 5.8% in October, with October being the best month year-to-date [21] Company Strategy and Development Direction - The merger with FullBeauty aims to create a scaled, category-defining retailer for inclusive apparel, addressing the fragmented market for plus-size and Big and Tall customers [4][10] - The combined company will focus on enhancing operational efficiency, expanding product offerings, and leveraging synergies to drive growth [8][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the merger's potential to create long-term shareholder value and improve customer experience through a broader range of products and services [9][10] - The companies aim to capture $25 million in annual run rate cost synergies by 2027, with significant actions expected within the first 12 months post-merger [17][18] Other Important Information - The merger is structured as a 100% stock-for-stock transaction, with DXL shareholders owning 45% and FullBeauty shareholders owning 55% of the combined company [17] - The combined entity is expected to generate approximately $1.2 billion in net sales and $70 million in Adjusted EBITDA post-merger [10][11] Q&A Session Summary Question: Can you provide details on the expected capital structure post-closing? - The total debt expected upon closing is $172 million, with more information to be provided in the proxy statement [29][30] Question: What are the expectations for ongoing CapEx for the combined entity? - The focus will be on commercial synergies and maintaining infrastructure, with specific plans to be developed as the teams integrate [35][36] Question: What trends has FullBeauty seen in sales over the past year? - FullBeauty has experienced similar comp trends to DXL, focusing on cost structure and marketing efficiency to maintain EBITDA flow-through [55][56] Question: How will the two organizations create synergy in marketing and pricing? - The companies will leverage their strengths in sourcing, DTC capabilities, and brand positioning to drive growth and efficiency [42][43]

BENTONVILLE, Ark.--(BUSINESS WIRE)--The countdown to Christmas just got a whole lot less stressful for last minute shoppers. Fresh off a record-breaking Black Friday and Cyber Monday, Walmart is bringing the magic of fast, easy shopping to customers by offering Express Delivery in as fast as one hour on orders placed up to 5 p.m. local time on Christmas Eve*,perfect for last-minute gifts, ingredients and holiday essentials. Customers nationwide can place orders right up to the wire: Walmart's delivery capab ...

Core Viewpoint - Walmart has transitioned its stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market, marking a significant shift in its financial journey after over 53 years on the NYSE [1][2][4]. Group 1: Historical Context - Walmart's shares have been traded on the NYSE since 1972, following its public offering in 1970 [2][3]. - The company's stock has appreciated over 536,000% during its time on the NYSE, highlighting its substantial growth [3]. Group 2: Market Capitalization - As of its last trading day on the NYSE, Walmart's market capitalization exceeded $905 billion, making it the largest company to ever transfer stock exchanges [4][12]. - The previous largest company to switch exchanges was Linde, with a market value of $180 billion at the time of its move [12][13]. Group 3: Reasons for the Move - Walmart's decision to move to the Nasdaq is influenced by its desire to align with a more technology-focused image, distancing itself from legacy companies typically associated with the NYSE [5][7]. - The Nasdaq is home to many high-growth tech companies, which Walmart aims to be associated with as it integrates automation and AI into its operations [8][9]. Group 4: Potential Impact on Stock Performance - The move to the Nasdaq could psychologically position Walmart as a tech-focused growth stock, potentially attracting more investor interest [15]. - Walmart's shares have performed well in 2025, with a year-to-date increase of over 25%, and are nearing an all-time high [17]. - The company is approximately $95 billion away from reaching a market cap of $1 trillion, needing a 10.5% increase in stock price to achieve this milestone [17][18].

Core Insights - Nedap partners with Abercrombie & Fitch Co. to implement the iD Cloud platform across multiple regions, enhancing inventory visibility and omnichannel capabilities [1][2][4] Company Overview - Nedap is a leader in item-level inventory visibility for retail, with over 20,000 stores using its iD Cloud platform, which utilizes RFID technology for real-time inventory insights [5] - Abercrombie & Fitch Co. operates approximately 810 stores globally and focuses on digitally led omnichannel retailing, catering to a diverse customer base [9] Implementation Details - Following a successful pilot in 15 stores, Abercrombie & Fitch began deploying the iD Cloud Store solution in June 2025, with full implementation expected by the end of December 2025 [2] - The deployment aims to improve inventory accuracy, on-shelf product availability, and streamline store processes such as order fulfillment and inventory replenishment [3][4] Strategic Importance - The partnership is part of Abercrombie & Fitch's strategy to enhance its omnichannel fulfillment and overall productivity, positioning the company for long-term success [2][3] - The implementation of iD Cloud is expected to elevate Abercrombie & Fitch's omnichannel capabilities, driving efficiency and customer satisfaction [4]

Group 1 - Bed Bath & Beyond is undergoing significant structural changes, with a focus on modernizing operations and enhancing customer and employee experiences under the leadership of Marcus Lemonis [2][3] - The company has entered a merger agreement with The Brand House Collective, valuing the deal at approximately $26.8 million, which includes plans to close about 40 stores by early 2026 [4] - Bed Bath & Beyond has also acquired BuyBuy Baby for $5 million, indicating a potential return to physical retail for the brand [4] Group 2 - BuyBuy Baby was previously acquired for $67 million in 2007 but faced challenges leading to its closure and transition to a digital-only brand after Bed Bath & Beyond's Chapter 11 filing [5] - The brand has relaunched online and plans to revive physical retail, contributing to the expansion of Bed Bath & Beyond's store footprint [6] - Glen Cary has been appointed as chief of stores for the Bed Bath & Beyond family of brands, bringing over a decade of experience to drive retail sales and operational excellence [8] Group 3 - Overstock initiated the new iteration of Bed Bath & Beyond by acquiring its assets in mid-2023, with Marcus Lemonis taking on an expanded leadership role in 2024 [7] - Following the merger with The Brand House Collective, Amy Sullivan will become CEO of the new "Beyond Retail Group" division, overseeing all omnichannel operations [7]

Core Insights - BuildDirect reported a 6.5% increase in revenue for Q3 2025, reaching $18.1 million, and a 23% increase in adjusted EBITDA, marking the 15th consecutive quarter of positive performance [2][7][15] - The company strengthened its financial position with working capital rising to $8.6 million, supported by a successful capital raise of C$7.0 million [2][7][15] - BuildDirect plans to accelerate growth by adding new Pro Centers, enhancing its e-commerce platform, and integrating recent acquisitions [2][15][18] Financial Position - As of September 30, 2025, cash and cash equivalents were $8.8 million, up from $2.3 million at the end of 2024, an increase of $6.5 million [6][27] - Total assets increased to $36.8 million from $27.8 million, a change of $9.1 million [6][27] - Total liabilities rose to $30.1 million from $24.6 million, an increase of $5.5 million [6][27] - Shareholders' equity improved to $6.7 million from $3.2 million, an increase of $3.6 million [6][27] Financial Results - Revenue for Q3 2025 was $18.1 million, up from $17.0 million in Q3 2024 [7][28] - Gross margin improved to 38.9%, up 60 basis points from 38.3% in Q3 2024 [7][28] - Adjusted EBITDA for Q3 2025 was $0.97 million, an increase of 23.2% from $0.79 million in Q3 2024 [7][28] - The company reported a net loss of $946,437 for Q3 2025, compared to a loss of $384,414 in Q3 2024 [28][29] Revenue and Segment Performance - E-Commerce and Pro Center segments contributed 20% and 80% of sales respectively in Q3 2025, compared to 23% and 77% in Q3 2024 [12][11] - Revenue from the E-Commerce segment was $3.7 million, while Pro Centers generated $14.4 million in revenue for Q3 2025 [12][11] Future Outlook - BuildDirect aims to enhance revenue, margins, and cash flow by expanding its Pro Center network and improving operational efficiency [15][18] - The company plans to invest in digital capabilities and fully integrate recent acquisitions to capture synergies [15][18]

Financial Data and Key Metrics Changes - The company reported revenue of $9.7 billion for Q3, with an adjusted operating income rate of 4% and adjusted earnings per share increasing by 11% year-over-year to $1.40 [5][25] - Comparable sales growth was 2.7%, exceeding expectations [5][24] - Domestic revenue increased by 2.1% to $8.9 billion, while international revenue rose by 6.1% to $794 million [25][26] - The adjusted operating income rate increased by 30 basis points compared to last year [25][27] Business Line Data and Key Metrics Changes - Strong sales performance was noted in computing, gaming, and mobile phones, with computing achieving its seventh consecutive quarter of positive comps [5][6] - Desktop computers saw nearly 30% year-over-year growth, while gaming demand remained strong for the Nintendo Switch 2 [6][7] - Online revenue increased by 3.5% on a comparable basis, representing 31.8% of domestic revenue [25][26] - Declines were observed in home theater, appliance, and drone categories [5] Market Data and Key Metrics Changes - The company experienced a 17% decline in customer contacts due to improved customer support capabilities [17] - Online sales were up for the fourth consecutive quarter, driven by higher traffic and customer adoption of the app [7] - The international gross profit rate increased by 30 basis points to 22.8%, primarily due to favorable supply chain costs [27] Company Strategy and Development Direction - The company aims to strengthen its position as a leading omnichannel destination for technology while building new profit streams [9] - Strategic priorities include enhancing omnichannel experiences, driving incremental profitability streams through the marketplace, and improving operational efficiencies [13][17] - The marketplace has onboarded over 1,000 sellers and significantly increased the number of SKUs available [14][45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the holiday season, highlighting compelling deals and strong marketing efforts [18][22] - The company expects Q4 comparable sales to range from down 1% to up 1%, with an adjusted operating income rate of 4.8%-4.9% [28][29] - There is an expectation for continued growth in computing and mobile phones, driven by product upgrades and innovation [36][38] Other Important Information - The company recorded pre-tax non-cash asset impairments of $192 million related to Best Buy Health, impacting adjusted results [27] - The loyalty program has over 100 million members, with nearly 8 million paid members, indicating strong customer engagement [53] Q&A Session Summary Question: Insights on Q4 guidance and expectations - Management indicated that the Q4 sales guidance was slightly lower than previous expectations but still reflects a strong outlook [34][35] Question: Demand trends for gaming and mobile products - Continued growth is expected in computing and mobile phones, with the Nintendo Switch 2 contributing positively [36][37] Question: Performance of the marketplace and its impact on EBIT - The marketplace has shown positive early indicators, with high unit sales and lower return rates compared to first-party sales [44][46] Question: Updates on the loyalty program's performance - The loyalty program remains crucial, with a focus on personalized promotions to drive engagement [52][54] Question: Store investment and future strategies - The company plans to continue investing in store experiences and exploring smaller format stores to enhance customer engagement [56][59]

Financial Data and Key Metrics Changes - Consolidated net sales increased by 36.3% to $4.17 billion, driven by approximately $931 million from the Foot Locker acquisition and a 5.7% comp increase for the DICK'S business [26][27] - Non-GAAP EPS for the DICK'S business was $2.78, up from $2.75 in the prior year's quarter [30] - Consolidated gross profit was $1.38 billion, or 33.13% of net sales, down 264 basis points from last year, primarily due to the lower gross margin from the Foot Locker business [27][30] Business Line Data and Key Metrics Changes - DICK'S business comp sales increased by 5.7%, with growth in average ticket and transactions, on top of a 4.3% increase last year [17][26] - Foot Locker's proforma comp sales for Q3 declined by 4.7%, with a 10.2% decline internationally [8][27] - DICK'S opened 13 new House of Sport locations in Q3, the highest number in a single quarter, bringing the total to 35 [18] Market Data and Key Metrics Changes - DICK'S business saw broad-based strength across footwear, apparel, and hard lines categories [26] - Foot Locker's comparable sales in North America decreased by 2.6%, while international sales decreased by 10.2% [27] Company Strategy and Development Direction - The acquisition of Foot Locker is seen as a transformative opportunity to build a global platform at the intersection of sport and culture [7][9] - The immediate priority for Foot Locker is to clean out underperforming assets, including inventory and stores, to reset the business for long-term success [10][34] - DICK'S is focused on leveraging its operational excellence and supplier relationships to return Foot Locker to profitability [9][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the turnaround of Foot Locker, emphasizing the need for operational improvements and inventory management [55][81] - The back-to-school season in 2026 is expected to be an inflection point for Foot Locker's recovery [13][38] - DICK'S raised its full-year outlook for comp sales growth to 3.5%-4% and EPS to $14.25-$14.55 [16][36] Other Important Information - The company expects Q4 margin rates for Foot Locker to decline between 1,000 and 1,500 basis points due to aggressive inventory clean-up [11][38] - Future pre-tax charges related to the Foot Locker acquisition are anticipated to be between $500 million and $750 million [34] Q&A Session Summary Question: How is DICK'S driving strong comp growth and confidence going into the holiday season? - Management highlighted the differentiated product assortment and engaging athlete experience as key drivers of growth, with strong performance across key categories [42][44] Question: What assumptions were made about Foot Locker's inventory cleanup and store closures? - Management indicated that they are still assessing which stores to close and expect significant markdowns on unproductive inventory [45][46][48] Question: Can you walk through the building blocks for Foot Locker to be accretive to EPS in 2026? - Management emphasized the need for cleaning out old inventory and underperforming assets, along with confidence in the new management team [52][55] Question: How will markdowns at Foot Locker be managed, and will they impact DICK'S sales? - Management expressed confidence that markdowns on older products will not affect the ability to sell new products at full price [66][68] Question: Is Foot Locker's underperformance due to historical issues, and what is the plan for improvement? - Management acknowledged historical underperformance and emphasized the importance of inventory management and merchandising improvements [73][81]

Food retailer Ahold Delhaize USA has added its Hannaford brand to its proprietary digital and eCommerce platform.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.With this addition, Ahold Delhaize USA has completed ...