by Mike Duff | Jun 1, 2022 | Retail Articles
Consumers in the United States want to go back to their old, pre-pandemic shopping habits while maintaining those they developed while COVID-19 kept them homebound, according to a Consumer Pulse study by McKinsey & Co. More people across the country have...
by Mike Duff | Jun 1, 2022 | Retail Articles
Adjusted loss fell a penny short of a Wall Street estimate, but sales gained at Nordstrom department store and off-price banners in the first quarter. Nordstrom net earnings in the first quarter were $20 million, or 13 cents per diluted share, versus a net loss of...
by Mike Duff | May 27, 2022 | Retail Articles
An April slowdown dropped Big Lots to a loss in the first quarter as comparable sales fell into negative territory year over year. Big Lots reported a net loss of $11.1 million, or 39 cents per share, versus $94.6 million, or $2.62 per diluted share, in the year-past...
by Mike Duff | May 27, 2022 | Retail Articles
Even as it tried to mitigate price increases for members necessitated by inflationary pressures, Costco continued to produce earnings and comparable store gains in the third quarter. Company net income was $1.35 billion, or $3.04 per diluted share, versus $1.22...
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...
