by Mike Duff | Apr 23, 2024 | Retail Articles
E-commerce spending in the United States reached $1.3 trillion in 2023, setting an annual record up from $1.09 trillion in the year before, according to the annual Comscore State of Digital Commerce report, even as fourth-quarter spending of $389.2 billion surpassed...
by Mike Duff | Feb 29, 2024 | Retail Articles
Best Buy overcame a challenging discretionary spending climate to beat a Wall Street estimate for earnings and revenue for the fourth quarter despite lower comparable sales. Net earnings for the 14-week fourth quarter were $460, or $2.12 per diluted share, versus...
by Mike Duff | Dec 18, 2023 | Featured News, Retail Articles
Costco Wholesale Corp. came out ahead of an analyst estimate for its first quarter as earnings and comps gained with help from nonfoods. Costco reported that net income was $1.59 billion, or $3.58 per diluted share, versus $1.36 billion, or $3.07 per diluted share, in...
by Mike Duff | Nov 29, 2023 | Featured News, Retail Articles
Adobe reported the period between Thanksgiving and Cyber Monday, characterized as Cyber Week by the business services firm, generated $38 billion overall, up 7.8% year over year. Cyber Monday, meanwhile, saw consumers spend a total of $12.4 billion, up 9.6% year over...
by Mike Duff | Nov 21, 2023 | Retail Articles
In an “uneven” demand environment, Best Buy beat a Wall Street estimate on earnings, missed one on sales and noted its efforts to reconstitute operations to position itself for better market conditions. Net earnings were $263 million, or $1.21 per diluted share,...
