by Mike Duff | Dec 6, 2023 | Retail Articles
Joann missed third-quarter Wall Street estimates on sales and earnings while citing double-digit e-commerce growth as a positive development. Net loss was $21.6 million, or 51 cents per diluted share, versus $17.5 million, or 43 cents per diluted share, in the...
by Mike Duff | Nov 21, 2023 | Retail Articles
Home outperformed Kohl’s overall business in the third quarter when earnings beat a Wall Street estimate but revenues fell short. The ongoing expansion of the home business is one of several initiatives, including the growth of the Sephora business, that Kohl’s is...
by Mike Duff | Nov 20, 2023 | Retail Articles
Crate & Barrel has debuted a new flagship store in New York and everywhere else, creating and launching a virtual version online. The 23,000 square foot two-level New York City flagship location is in Manhattan’s Flatiron district, a neighborhood that’s become a...
by Mike Duff | Nov 16, 2023 | Featured News, Retail Articles
Walmart surpassed third-quarter Wall Street estimates as earnings and revenue gained while some product costs, including in general merchandise, moderated. The company posted net income of $453 million, or 17 cents per diluted share, versus a loss of $1.8 billion, or...
by Mike Duff | Nov 7, 2023 | Retail Articles
Inflation continues to influence holiday shoppers who are budgeting higher for gifts and other seasonal purchases this year, according to a RetailMeNot survey. Shoppers are budgeting for $932 in spending versus $725 in 2022. The major effect of inflation is a...
