by Mike Duff | May 31, 2024 | Featured News, Retail Articles
Costco Wholesale Corp posted strong comparable store sales and earnings in the third quarter, noting its members are ramping up their spending on discretionary merchandise. Net income for the quarter was $1.68 billion, or $3.78 per diluted share, versus $1.3 billion,...
by Mike Duff | May 13, 2024 | Retail Articles
A range of retailers are preparing to release financial numbers during the next couple of weeks, and Placer.ai has compiled a list of their recent shopper traffic metrics that could provide a glimpse into the forthcoming results. The Placer.ai traffic tracker has...
by Mike Duff | May 10, 2024 | Retail Articles
Costco generated higher comparable sales in April, helped in part by gains from home furnishings, toys and seasonal products. The company noted that the net sales for the month were $19.8 billion, up 7.1% from the period in the past year. Comparable sales, excluding...
by Mike Duff | Apr 8, 2024 | Featured News, Retail Articles
Walmart tops the latest Top 50 Global Retailers study by the National Retail Federation, which included in its report an assessment of the challenges and opportunities retailers faced the past year. The NRF study, with information compiled by market research firm and...
by Mike Duff | Mar 8, 2024 | Retail Articles
Second-quarter sales came up short of Wall Street estimates in Costco’s second quarter, but earnings easily beat forecasts, with strong appliance sales contributing to gains. The company reported that the net income for the quarter was $1.74 billion, or $3.92...
