by Mike Duff | Aug 16, 2022 | Featured News, Retail Articles
Walmart put up solid numbers in its second quarter after moves to cut costs and shift emphasis as consumer spending patterns changed under the influence of inflation. Walmart net income was $5.15 billion, or $1.88 per diluted share, versus $4.28 billion, or $1.52 per...
by Mike Duff | Jun 28, 2022 | Retail Articles
The COVID-19 pandemic is no longer a major reason to shop online for consumers in the United States, according to market research from Pitney Bowes Boxpoll. Pitney Bowes discovered that markdowns on items such as casual apparel, home appliances and furniture will...
by Mike Duff | Jun 6, 2022 | Retail Articles
In an operational advance, Walmart has announced plans to build four new high-tech fulfillment centers including a 1.1- million-square-foot facility in Joliet, IL. The company also announced plans to build a 1.5-million-square-foot, high-tech fulfillment center in...
by Mike Duff | Jun 3, 2022 | Retail Articles
In May, Costco once again managed double-digit comparable sales increases and kept pace with online revenue gains posted this fiscal year. Company comparable sales, excluding the effects of fuel and foreign exchange rate volatility, increased 11.8% with the United...
by Mike Duff | May 26, 2022 | Retail Articles
Macy’s posted solid gains in the first quarter beating analyst sales and earnings estimates and posting double-digit comparable sales gains. Macy’s posted a first-quarter net income of $286 million, or 98 cents per diluted share, versus $103 million, or 32 cents per...
