In today’s top retail news, Five Below, Inc. registered comparable stores sales growth of 13.8 percent, while Yotpo’s integrated eCommerce solution has garnered $230 million in funding. Plus, Williams-Sonoma, Inc. reported that Q4 comparable brand revenue growth accelerated to almost 26 percent.
Five Below Reports ‘Record’ Comp Sales Rise of 13.8 Pct Amid Brick-and-Mortar Growth
Five Below, Inc. notched comparable store sales growth of 13.8 percent and a 25 percent rise in net sales, as its fourth-quarter results came out ahead of analyst expectations. President and CEO Joel Anderson said on a call with analysts that the firm opened two new stores in the fourth quarter for an overall 120 net new stores opened across 32 states in 2020.
Yotpo’s Integrated eCommerce Solution Attracts $230 Million in Funding
Yotpo’s online shopping suite has not only attracted more than 30,000 brands, but has also garnered the interest of investors. In announcing its biggest-ever $230 million fundraise, the firm’s CEO told PYMNTS that he has barely scratched the surface of this developing business that currently generates more than $100 million in yearly recurring revenue.
Williams-Sonoma Posts 26 Pct Comp Growth
Williams-Sonoma, Inc., whose roster of brands encompasses names like Pottery Barn, West Elm and Williams Sonoma, reported that Q4 comparable brand revenue growth accelerated to nearly 26 percent, including eCommerce comp growth of almost 50 percent. As for its overall results, Williams-Sonoma, Inc. registered $3.95 in non-GAAP diluted earnings per share (EPS) on roughly $2.3 billion in net revenues.
Dollar General Cautious; Says ‘Significant Sales Benefit’ from COVID Will Likely End
Dollar General, which runs the country’s largest chain of 17,000 off-price stores, reported on Thursday (March 18) that the 20 percent pandemic-powered sales rise in 2020 will likely not occur again this year. The cautious guidance from the retailer came inside of the firm’s newest quarterly and annual results. Dollar General said its newest quarterly results saw sales increase 18 percent to $8.4 billion.