by Mike Duff | Aug 25, 2021 | Retail Articles
Sales trends at both Nordstrom’s namesake and Rack businesses improved in the second quarter, Nordstrom stated, as it works to shake off the effects of the COVID-19 pandemic. The company posted net earnings of $80 million, or 49 cents per diluted share, versus a...
by Mike Duff | Aug 25, 2021 | Retail Articles
In the second quarter, Best Buy Co. did better than expected and continues to develop new initiatives to help keep the momentum going. Best Buy posted net earnings of $734 million in the quarter, or $2.90 per diluted share, versus $432 million, or $1.65 per diluted...
by Mike Duff | Aug 24, 2021 | Retail Articles
As COVID-19 restrictions moderated at retail in the first half of this year, Ross Stores bounced back, posting big second-quarter gains versus a year ago and significant advances compared to the pre-coronavirus period in 2019. As the second quarter ended July 31, Ross...
by Mike Duff | Aug 20, 2021 | Featured News, Retail Articles
Macy’s revealed in a conference call announcing strong second-quarter financials that it is preparing to introduce a new home private label focused on addressing social issues. Macy’s posted net income of $345 million, or $1.08 per diluted share, versus a net loss of...
by Mike Duff | Aug 20, 2021 | Retail Articles
Ace Hardware Corp. posted record revenues for the second quarter, and the hardware retail cooperative pointed to 2019 to highlight a two-year income gain. Ace reported second-quarter revenues of $2.47 billion, up 8.2% versus the year-prior quarter. Total retail...
