Lemon Perfect Raises $6.6 Million

Lemon Perfect, the cold-pressed lemon water brand, has raised $6.6 million in a new funding round. The capital raise will be used to fund distribution growth, increase marketing support, and recruit key talent.

NRF: Parents To Spend Even More On Tech This Back-To-School Season

Most families still don’t know what supplies students need for school and college this year, but more expect at least some classes to take place online than a month ago and said they will buy more computers and other items for back-to-school, the National Retail Federation (NRF) and Prosper Insights & Analytics reported.

MidwayUSA Foundation Appoints Relationship Manager

The MidwayUSA Foundation has appointed John Linquist to the new position of relationship manager. In his new role, Linquist will pursue opportunities for businesses to join MidwayUSA Foundation in sustaining and growing youth shooting sports.

Walmart’s U.S. Comps Climb 9.3 Percent In Q2

Walmart reported total revenue in the second quarter was $137.7 billion, an increase of $7.4 billion, or 5.6 percent. Excluding currency impacts, total revenue would have increased 7.5 percent to reach $140.2 billion. Walmart U.S. comp sales climbed 9.3 percent, led by strength in general merchandise and food. Walmart U.S. e-commerce sales grew 97 percent with strong results across all channels.

Payless Plans Comeback In U.S.

Payless, which emerged from bankruptcy protection in January after closing all its 2,100 stores in the U.S., announced plans to open 300 to 400 standalone stores nationwide in the next three to five years.

Kohl’s Q2 Results Top Wall Street’s Targets

Kohl’s reported a loss in the second quarter on a 23.1 percent revenue decline but both exceeded Wall Street’s consensus targets. The retailer also noted that disciplined management of expenses and inventory resulted in positive operating cash flow in the period. Michelle Gass, Kohl’s CEO, said, “We are well-positioned to capitalize on evolving customer behaviors and the retail industry disruption, which we believe will drive long-term growth and increased markethare.”

The Running Event Cancelled

Diversified Communications, organizer of The Running Event (TRE), announced it has canceled TRE, scheduled to take place December 1-3 in Austin, TX, due to health concerns stemming from COVID-19.