by Mike Duff | Aug 19, 2022 | Retail Articles
Slower spending by lower to moderate income consumers hit Ross Stores second quarter results even if lower earnings were better than Wall Street anticipated. For the second quarter that ended July 30, Ross Stores reported earnings of $384.5 million, or $1.11 per...
by Mike Duff | Aug 9, 2022 | Retail Articles
Although it wasn’t the best month for retail, economic activity in the services sector grew in July for the 26th month in a row, with the Institute for Supply Management Purchasing Managers Index registering 56.7%. Indeed, the July number pushed away from the 50% line...
by Mike Duff | Aug 9, 2022 | Retail Articles
The third quarter wasn’t exactly pretty for Sally Beauty as its sales and earnings slipped. Net earnings in the quarter were $46.6 million, or 43 cents per diluted share, versus $76.2 million, or 66 cents per diluted share, in the prior-year period. Adjusted for...
by Mike Duff | Aug 3, 2022 | Retail Articles
According to the Institute for Supply Chain Management, economic activity in the manufacturing sector grew in July, with the overall economy achieving a 26th consecutive month of growth. In the Manufacturing ISM Report On Business, Timothy Fiore, chair of the ISM’s...
by Mike Duff | Aug 3, 2022 | Retail Articles
Despite two consecutive quarters of decline, the United States economy doesn’t appear to be in a recession and remains unlikely to enter one this year, NRF chief economist Jack Kleinhenz stated. He commented in the August issue of NRF’s Monthly Economic Review, which...
