As it worked to bring inventories down and serve shoppers with a broader range of bargains, Big Lots posted comparable sales and earnings declines but still did better than Wall Street expected. For the second quarter, Big Lots posted a net loss of $84.2 million, or...
Core retail sales, as calculated by the National Retail Federation, rose in July as consumers kept shopping, NRF reported. NRF’s calculation of retail sales is based on U.S. Census Bureau figures, but it excludes automobile dealers, gasoline stations and...
The initial store-within-a-store Conn’s pilot operations have opened in five Belk locations under the name Conn’s x Belk. Conn’s continues to seek growth opportunities, as in its new location in Texarkana, AR, serving a market that includes Shreveport, LA., as...
Home Depot continued to make gains in the second quarter despite changing consumer demand, supply chain complications and a variable macroeconomic environment. Home Depot net earnings were $5.17 billion, or $5.05 per diluted share, compared with net earnings of $4.81...
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...
