by Mike Duff | May 16, 2022 | Retail Articles
After he held the office for a little less than a year, Belk announced that CEO Nir Patel has left the company to pursue other interests and that president Don Hendricks has been appointed interim CEO. As president and COO, Hendricks has been instrumental in leading...
by Mike Duff | Apr 14, 2022 | Retail Articles
As the retail world tries to settle down into a post-pandemic world, not that COVID-19 is cooperating with the newest Omicron variant prompting reconsideration of masking rules in some places, a number of retailers saw major gains in first quarter foot traffic,...
by Mike Duff | Mar 21, 2022 | Featured News, Retail Articles
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed after January as inflation drove up prices and lingering effects of COVID-19 omicron hit the supply chain, according to the National Retail Federation. United States Census...
by Mike Duff | Mar 15, 2022 | Featured News, Retail Articles
In its annual forecast on prospects through year’s end, the National Retail Federation stated that it expects retail sales to grow between 6% and 8% to more than $4.86 trillion in 2022. NRF made the announcement during its annual State of Retail & the Consumer...
by Mike Duff | Mar 14, 2022 | Retail Articles
With COVID-19 and supply chain issues weighing on the fourth quarter, Best Buy met a Wall Street estimate on earnings but fell short on revenues. For the fourth quarter, net earnings were $626 million, or $2.62 per diluted share, versus $816 million, or $3.10 per...
