by Mike Duff | Mar 1, 2022 | Retail Articles
The fourth quarter saw Target Corp. post earnings that beat a Wall Street estimate although revenues fell short despite strong comparable sales. For the quarter, net earnings were $1.54 billion, or $3.21 per diluted share, versus, $1.38 billion, or $2.73 per diluted...
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...
by Mike Duff | Feb 25, 2022 | Featured News, Retail Articles
Wayfair posted a fourth-quarter loss that exceeded Wall Street expectations as it moves forward with big plans to open several physical stores. Wayfair’s net loss for the quarter was $202 million, or $1.92 per diluted share, versus net income of $24 million, or...
by Mike Duff | Feb 24, 2022 | Retail Articles
Even as it released its fourth-quarter financials, Aaron’s Co. announced that it has entered into a definitive agreement to acquire BrandsMart U.S.A. for $230 million in cash. The transaction, the purchaser stated, would deliver Aaron’s more than $3...
by Mike Duff | Feb 24, 2022 | Featured News, Retail Articles
Despite solid comparable-store sales, TJX Cos. fell short of Wall Street sales and earnings expectations in its fourth quarter. For the fiscal 2022 fourth quarter ended January 29, the TJX posted net income of $940.2 million, or 78 cents per diluted share, versus...
