2020 forever altered Dallas-Fort Worth’s biggest companies. Here’s who emerged as winners, losers
The pandemic pummeled some industries and benefited others.
The COVID-19 pandemic created winners and losers in 2020 among Dallas-Fort Worth s largest public companies.(Avery Fox/Special Contributor)
For Dallas-Fort Worth’s public companies, there may never be another year like 2020.
With the COVID-19 pandemic disrupting the economy in every way, many of the region’s biggest corporate players shrank, dragged down by a slump in oil prices, a reluctance to fly or the complete shutdown of live events and other entertainment.
It also was the year Exxon Mobil Corp., the region’s perennial king of the hill, fell a notch in
What you can expect now that crafts retailer Michaels is a private company dallasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dallasnews.com Daily Mail and Mail on Sunday newspapers.
Publix Super Markets Inc. reported big gains in sales and earnings, as consumers eating at home during the COVID-19 pandemic continued to stock up at its supermarkets.
Lakeland-based Publix reported last week that fourth-quarter sales rose 14.8% to $11.2 billion, with about $850 million in additional sales related to the pandemic impact.
Adjusted earnings rose by 39 cents a share to $1.32.
Sales for all of 2020 rose 17.7% to $38.1 billion, including $4.6 billion attributed to pandemic-related sales. Adjusted earnings rose by $1.60 to $5.27 a share.
At the end of 2020, Publix operated 1,264 supermarkets in seven states, including 816 in Florida.
Publix also said its stock price increased from $57.95 on Nov. 1 to $60.20 as of March 1.
Michaels To Be Acquired, Taken Private in $5B Deal
March 5, 2021
Michaels, the Dallas-based retail chain known for supplying do-it-yourself crafters for more than 45 years, is once again being acquired by a private equity firm after a seven-year run as a public company and an impressive valuation run in a very difficult year for the industry.
Apollo Global Management will acquire Michaels and its 1,275-plus U.S. stores for $5 billion, in a deal valuing the retailer at $3.3 billion. Michaels had once again gone public in 2014, eight years after being acquired and taken private by Bain Capital and Blackstone in a $6 billion deal.
Michaels set to open store in Wilton later this month troyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from troyrecord.com Daily Mail and Mail on Sunday newspapers.