Walmart U.S. Q3 comp sales1 grew 6.4% and Walmart U.S. eCommerce sales grew 79%, Q3 FY21 GAAP EPS of $1.80; Adjusted EPS2 of $1.34, Company incurs incremental costs related to COVID-19 of $0.6 billion
details at: https://corporate.walmart.com/newsroom/2020/11/17/walmart-releases-q3-fy21-earnings
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Macy’s announced that, as part of its Polaris strategy, the company will open four new off-mall, small-format stores this fall. The locations will include Market by Macy’s, a smaller store that offers customers more to love with its curated assortment of the latest fashion trends, as well as the first-ever dual Market by Macy’s and Macy’s Backstage off-price location. “At Macy’s, we thrive on retail being a dynamic business requiring continuous analysis, reinvention and innovation. As customer preferences and buying behaviors change, we continue to evolve to deliver the experience our customers expect,” said Marc Mastronardi, Chief Stores Officer at Macy’s. “As exciting brand extensions, Market by Macy’s and Macy’s Backstage each offer unique shopping experiences – one celebrates discovery and convenience, while the other appeals to the customer who loves the thrill of the hunt for a great value.”
The Postal Regulatory Commission (Commission) issued an in-depth analysis of the Postal Service’s Delivering for America (DFA) initiatives proposing nationwide changes to mail service. While the Commission acknowledges the challenges the Postal Service faces are significant, and change is essential, the Commission finds the Postal Service is irreversibly changing its network without laying a foundation for success. First, the Postal Service’s plan depends on defective modeling and does not appear to be ready for implementation. Second, the Postal Service relies on overly optimistic and unsubstantiated financial projections for cost savings that are not likely to improve the financial health of the Postal Service. Third, the Postal Service’s proposal has significant negative impacts on rural communities throughout the United States.
Savvas Learning Company, a next-generation K-12 learning solutions leader, is proud to announce that it has been named to the 2025 edition of the GSV 150, an annual list of the top 150 private companies transforming digital learning and workforce skills. This is the third year in a row that Savvas has been named to the GSV 150. “Savvas has long been a leader in utilizing adaptive technology to provide students with deeply personalized learning experiences,” said Bethlam Forsa, CEO of Savvas Learning Company. “Advances in artificial intelligence are allowing us today to offer even greater personalized learning for students and enhanced support for educators in ways not previously possible. To be named to the GSV 150 is truly an honor, especially for three years running, as it recognizes our commitment to using technology to transform the K-12 teaching and learning experience.”