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Amazon Posts Q4 Earnings Leap But Costs Undercut Retail Profits

Amazon Posts Q4 Earnings Leap But Costs Undercut Retail Profits

by Mike Duff | Feb 4, 2022 | Retail Articles

Amazon posted big profits in the fourth quarter but not from retail sales, which suffered from the COVID-19 pandemic, supply chain and labor woes that the company is addressing, but in part, by raising the fee it charges for Prime membership. Operating income turned...
Mastercard: U.S. Holiday Spending Up 8.5%

Mastercard: U.S. Holiday Spending Up 8.5%

by Mike Duff | Jan 3, 2022 | Featured News, Retail Articles

Retail sales excluding automobiles gained 8.5% year-over-year this holiday season running from November 1 through December 24 according to Mastercard SpendingPulse, which tracks transactions across all payment types, Online sales grew 11% compared to the period a year...
Kirkland’s Expects Turnaround After Difficult Q3

Kirkland’s Expects Turnaround After Difficult Q3

by Mike Duff | Dec 2, 2021 | Retail Articles

Macroeconomic effects hurt Kirkland in the third quarter, although the company points to two-year gains as evidence its turnaround is proceeding. The company posted net income of $7.2 million, or 51 cents per diluted share, versus $12.34 million, or 82 cents per...
Numerator: Amazon Wins Black Friday but Macro Issues Hit Cyber Weekend

Numerator: Amazon Wins Black Friday but Macro Issues Hit Cyber Weekend

by Mike Duff | Dec 1, 2021 | Retail Articles

Market research firm Numerator released early Black Friday data indicating Amazon captured the highest spend share for the occasion and Cyber Monday data revealing inflation and supply chain issues affected how consumers shopped. Amazon came out on top for the second...
Salesforce: Early Holiday Shopping Pressured Cyber Week Sales

Salesforce: Early Holiday Shopping Pressured Cyber Week Sales

by Mike Duff | Dec 1, 2021 | Retail Articles

Salesforce, a customer relationship management provider, today has released its Cyber Week report, covering the period from November 23 to 29, which indicated that 2021 global online sales hit an all-time high of $275 billion, up 2% compared to the same period in...
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