by Mike Duff | May 27, 2022 | Retail Articles
An April slowdown dropped Big Lots to a loss in the first quarter as comparable sales fell into negative territory year over year. Big Lots reported a net loss of $11.1 million, or 39 cents per share, versus $94.6 million, or $2.62 per diluted share, in the year-past...
by Mike Duff | May 20, 2022 | Retail Articles
After its board and management survived a proxy fight with an activist investor, Kohl’s Corp. announced that the first quarter was another struggle for the company. Net income was $14 million, or 11 cents per diluted share, versus $14, or nine cents per diluted share,...
by Mike Duff | May 19, 2022 | Retail Articles
Many retailers overcame higher prices in April to show both monthly and year-over-year sales increases, the National Retail Federation announced. The United States Census Bureau has released overall retail sales for April, which were up 0.9% seasonally adjusted from...
by Mike Duff | May 19, 2022 | Retail Articles
Sales and earnings at The TJX Corp. gained year over year but only earnings surpassed Wall Street estimates in the first quarter as HomeGoods comparable sales slipped based primarily, the company stated, on difficult comparisons. Net income was $587.5 million, or 49...
by Mike Duff | May 18, 2022 | Featured News, Retail Articles
Inflation, changing consumer preference and supply chain issues pressured Target’s first-quarter earnings even as comparable sales gained and overall revenues did better than Wall Street anticipated. Net earnings were $1.01 billion in the quarter, or $2.16 per...
