by Mike Duff | Aug 12, 2024 | Retail Articles
Costco Wholesale Corp. reported net and comparable sales gains highlighted by strong e-commerce results for its fiscal July period. Non Foods sales also showed strength at Costco during the four-week period ended August 4, the company reported. Net sales were $19.26...
by Mike Duff | Jan 26, 2024 | Retail Articles
To address staffing growth that has exceeded business gains and a tough macroeconomic environment, eBay will reconfigure the company’s workforce with plans to lay off about 1,000 employees, or approximately 9% of its staff. The move comes after other retailers that...
by Mike Duff | Nov 8, 2023 | Retail Articles
Although macroeconomic factors have weighed on holiday sales prospects, National Retail Federation Chief Economist Jack Kleinhenz, as part of NRF’s Monthly Economic Review for November, stated that consumer spending momentum looks to chug along in the last two months...
by Mike Duff | Aug 11, 2023 | Retail Articles
Consumer spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation chief economist Jack Kleinhenz noted in the August NRF Monthly Economic Review. He pointed out that gross domestic...
by Mike Duff | Aug 11, 2023 | Appliances, Cookware, Featured News, Kitchen Electrics, Kitchenware, Personal Care & Wellness
Spectrum Brands managed a Wall Street beat on earnings in the third quarter, but outside influences proved a drag on the top line. Net loss from continuing operations was $172.2 million, or $4.27 per diluted share, versus net income from continuing operations of $3...
