Wayfair Earnings Produce Big Q2

Wayfair Earnings Produce Big Q2

With an eye to increasing momentum, Wayfair gained traction on its turnaround strategy in the second quarter, posting adjusted profits among its better results and easily beating Wall Street estimates. Net loss was $46 million, or 41 cents per diluted share, versus a...
NRF: Retail Sales Gains Continue in May

NRF: Retail Sales Gains Continue in May

The National Retail Federation has stated retail sales rose again in May as consumers continued to spend despite economic challenges. Citing United States Census Bureau research, NRF noted that overall retail sales in May were up 0.3% from April and 1.6% year over...