by Mike Duff | Aug 4, 2023 | Retail Articles
As the company pursues its turnaround strategy, Qurate Retail missed analyst estimates for second-quarter sales and earnings, with adjusted profits falling into loss territory. Company net earnings were $107 million, or 28 cents per diluted share versus $203 million,...
by Mike Duff | Aug 3, 2023 | Retail Articles
With an eye to increasing momentum, Wayfair gained traction on its turnaround strategy in the second quarter, posting adjusted profits among its better results and easily beating Wall Street estimates. Net loss was $46 million, or 41 cents per diluted share, versus a...
by Mike Duff | Aug 1, 2023 | Featured News, Retail Articles
It’s official, Bed Bath & Beyond is back at least online and Overstock, which purchased the intellectual property of the bankrupt retailer, has launched the banner, one that will replace its own. Already, on the day of the launch, clicking on overstock.com would...
by Mike Duff | Jul 28, 2023 | Featured News, Retail Articles
Overstock, having already stepped out of other sectors such as jewelry to focus on home and housewares and readying a transition of its banner to Bed Bath & Beyond in early August, was in transitory mode in the second quarter yet still managed to beat Wall Street...
by Mike Duff | Jul 25, 2023 | Retail Articles
Although earnings slipped year over year, Albertsons beat Wall Street estimates for the first quarter driven by a gain in identical sales, even if inflation was part of the increase. Net income was $417.2 million, or 72 cents per diluted share, versus $484.2 million,...
