Best Buy missed an analyst estimate for third-quarter sales and earnings, reporting comparable sales slipped amid consumer uncertainty and a focus on deals. Net earnings were $273 million, or $1.26 per diluted share, versus $263 million, or $1.21 per diluted share,...
Unseasonably warm weather this fall moderated Burlington Stores comp sales in its third quarter, although the company made progress year over year with a lift from store growth. Net income was $90.6 million, or $1.40 per diluted share, versus $48.6 million, or 75...
As it initiates a CEO transition, Kohl’s admitted a deemphasis on core, opening-price point, own-brand apparel in third quarter led to softer traffic that ultimately dampened sales across the store, including the home assortment. Home is among the categories Kohl’s...
In a fresh analysis of holiday season activity, business services provider Deloitte maintained Black Friday-through-Cyber Monday spending should reach new heights in 2024. Consumers surveyed by Deloitte expect to spend a record $650 during the Black...
As it looks to complete Chapter 11 bankruptcy proceedings, Big Lots announced it received court approval for the sale of substantially all of the company’s assets and ongoing business operations to a Nexus Capital Management affiliate. Big Lots reported it...
