by Mike Duff | May 10, 2023 | Retail Articles
The first quarter was not kind to iRobot, which suffered larger losses and lower sales as well as a Wall Street estimate miss. In the quarter iRobot Corp. recorded a net loss of $81.1 million, or $2.95 per diluted share, versus a net loss of $30.4 million, or $1.12...
by Mike Duff | Apr 24, 2023 | Retail Articles
Although only a small part of the larger retail environment so far, social commerce made up about 5% of digital retail sales in the United States during 2022 and is expected to inch up to nearly 7% by 2025, according to market researcher Mintel. The U.S. sector is...
by Mike Duff | Jan 6, 2023 | Retail Articles
For the month of December, Costco reported net sales of $23.8 billion for the retail month of December, the five weeks ended January 1, up 7% year over year. Comparable sales, excluding the effects of fuel price and foreign exchange volatility, were up 6.4% in the...
by Mike Duff | Dec 20, 2022 | Retail Articles
Research from content management system provider Storyblok indicated that poor website design is a huge liability for online retailers. In a poll of 6,000 consumers across the United States and Europe, 60% of respondents said they abandon purchases due to poor user...
by Mike Duff | Dec 13, 2022 | Retail Articles
Two measures of corporate responsibility have just emerged — one from S&P Dow Jones Indices and the other from Newsweek — and they each include a roll call of retailers. Only three retailers, however, are on both: Lowe’s Cos. Best Buy and Gap. The two social...
