by Mike Duff | Jun 7, 2023 | Retail Articles
Wayfair has announced that Steve Oblak, chief commercial officer, will retire in the first quarter of 2024 after 14 years of leadership. The company also provided a business update. Jon Blotner Jon Blotner will become Wayfair’s new chief commercial officer, the...
by Mike Duff | Jun 5, 2023 | Retail Articles
Nordstrom performed better in its first quarter than Wall Street expected despite lower sales at full-line department stores and its off-price Rack operation. Net loss was $205 million, or $1.27 per diluted share, versus net earnings of $20 million, or 13 cents per...
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 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...
