by Mike Duff | Dec 18, 2023 | Featured News, Retail Articles
Costco Wholesale Corp. came out ahead of an analyst estimate for its first quarter as earnings and comps gained with help from nonfoods. Costco reported that net income was $1.59 billion, or $3.58 per diluted share, versus $1.36 billion, or $3.07 per diluted share, in...
by Mike Duff | Nov 29, 2023 | Featured News, Retail Articles
Adobe reported the period between Thanksgiving and Cyber Monday, characterized as Cyber Week by the business services firm, generated $38 billion overall, up 7.8% year over year. Cyber Monday, meanwhile, saw consumers spend a total of $12.4 billion, up 9.6% year over...
by Mike Duff | Nov 21, 2023 | Retail Articles
In an “uneven” demand environment, Best Buy beat a Wall Street estimate on earnings, missed one on sales and noted its efforts to reconstitute operations to position itself for better market conditions. Net earnings were $263 million, or $1.21 per diluted share,...
by Mike Duff | Aug 22, 2023 | Home + Housewares
Lowe’s chief Marvin Ellison, in reporting a second-quarter earnings beat for the retailer while revenues fell a bit short of expectations, said the outlook for the home improvement market is improving. Net earnings were $2.67 billion, or $4.56 per diluted share,...
by Peter Giannetti | Mar 28, 2023 | Appliances, Kitchen Electrics
Newair founder Luke Peters (pictured above, left) is moving from his role as CEO to executive chairman, and Bobby Bloom (pictured above, right), Newair’s chief commercial officer, is set to become the appliance company’s CEO effective April 1. Bloom will join Newair’s...
