by Mike Duff | Apr 4, 2023 | Retail Articles
As fourth-quarter sales fell and the company posted a loss, Kirkland’s Home announced that its president and CEO Woody Woodward would retire effective May 31. The company noted that its board of directors is evaluating options for a permanent successor. Board member...
by Mike Duff | Mar 1, 2023 | Retail Articles
Kohl’s posted a fourth-quarter loss that took Wall Street by surprise. Net loss was $273 million, or $2.49 per diluted share, versus net income of $299 million, or $2.20 per diluted share, in the year-earlier period, the company reported. An analyst consensus estimate...
by Mike Duff | Jan 10, 2023 | Retail Articles
In a time period when observers and vendors wondered if a bankruptcy filing might be imminent, Bed Bath & Beyond instead affirmed that it is looking at all options in dealing with the company’s financial difficulties even as it announced third-quarter results that...
by Mike Duff | Jan 5, 2023 | Featured News, Retail Articles
Bed Bath & Beyond announced in a financial update that it might not be able to proceed as a “going concern” after recurring losses and negative cash flow from operations for the nine months ended November 26, 2022, as well as current cash and liquidity...
by Mike Duff | Dec 21, 2022 | Retail Articles
The third quarter spelled losses for Rite Aid Corp. but the company did beat Wall Street estimates as front-end comparable sales advanced. Third quarter net loss was $67.1 million, or $1.23 per share, compared to a net loss of $36.1 million, or 67 cents per share, in...