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Placer.ai: Some Big Boxes Saw Big Q1 Traffic Gains

Placer.ai: Some Big Boxes Saw Big Q1 Traffic Gains

by Mike Duff | Apr 14, 2022 | Retail Articles

As the retail world tries to settle down into a post-pandemic world, not that COVID-19 is cooperating with the newest Omicron variant prompting reconsideration of masking rules in some places, a number of retailers saw major gains in first quarter foot traffic,...
NRF Sees Strong 2022 Retail Sales Growth with Digital Leading

NRF Sees Strong 2022 Retail Sales Growth with Digital Leading

by Mike Duff | Mar 15, 2022 | Featured News, Retail Articles

In its annual forecast on prospects through year’s end, the National Retail Federation stated that it expects retail sales to grow between 6% and 8% to more than $4.86 trillion in 2022. NRF made the announcement during its annual State of Retail & the Consumer...
Best Buy Wrestles with COVID, Supply Chain Issues in Q4

Best Buy Wrestles with COVID, Supply Chain Issues in Q4

by Mike Duff | Mar 14, 2022 | Retail Articles

With COVID-19 and supply chain issues weighing on the fourth quarter, Best Buy met a Wall Street estimate on earnings but fell short on revenues. For the fourth quarter, net earnings were $626 million, or $2.62 per diluted share, versus $816 million, or $3.10 per...
Kohl’s Posts Earnings Gains But Headwinds Hit Revenues

Kohl’s Posts Earnings Gains But Headwinds Hit Revenues

by Mike Duff | Mar 1, 2022 | Retail Articles

After a period of contention with an activist investor, Kohl’s posted earnings gains that beat a Wall Street estimate even if the company fell short of revenues expectations, with macro issues hitting the top line. Net income for the quarter was $299 million, or $2.20...
Macy’s Surprises Wall Street with Strong Finish to Fiscal Year

Macy’s Surprises Wall Street with Strong Finish to Fiscal Year

by Mike Duff | Feb 22, 2022 | Featured News, Retail Articles

Macy’s beat Wall Street estimates during a fourth-quarter that topped off a big fiscal year for the company that Macy’s Chairman and CEO Jeff Gennette said reflects strategic initiatives that are improving operations and performance. Macy’s net income for...
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