by Mike Duff | Jun 1, 2023 | Featured News, Retail Articles
Softening demand hurt Macy’s first quarter as conversion rate suffered, but key home categories experienced a rebound. Net income was $155 million, or 56 cents per diluted share, versus $286 million, or 98 cents per diluted share, in the year-prior quarter, the...
by Mike Duff | May 30, 2023 | Retail Articles
In the first fiscal quarter, Ulta Beauty recorded a strong comparable sales gain based on increased traffic as it beat Wall Street sales and earnings estimates. Ulta posted net sales of $347.1 million, or $6.88 per diluted share, versus $331.4 million, or $6.30 per...
by Mike Duff | May 26, 2023 | Retail Articles
Big Lots reported lower sales and extended losses on a year-over-year basis in its first quarter. Net loss was $206.1 million, or $7.10 per diluted share, versus a net loss of $11.1 million, or 39 cents per diluted share, in the year-previous quarter, the company...
by Mike Duff | May 25, 2023 | Retail Articles
Best Buy CEO Corrie Barry, noting continuing macroeconomic headwinds that weighed on the company’s first-quarter financial results, said better prospects lay ahead as sales declines in the tech sector bottom out. Net earnings were $244 million, or $1.11 per diluted...
by Mike Duff | May 24, 2023 | Featured News, Retail Articles
Kohl’s Corp., in posting a profit that surprised Wall Street, asserted its turnaround gained traction in the first quarter. Plans to sustain momentum include putting more emphasis on core home categories and such less central but related categories as outdoor, pets...