by Mike Duff | May 25, 2022 | Home + Housewares
Sales and earnings slipped at Best Buy after the electronics buying binge that occurred during the height of the COVID-19 pandemic. Net earnings in the first quarter were $341 million, or $1.49 per diluted share, versus $595 million, or $2.32 per diluted share, in the...
by Mike Duff | Mar 14, 2022 | Retail Articles
With COVID-19 and supply chain issues weighing on the fourth quarter, Best Buy met a Wall Street estimate on earnings but fell short on revenues. For the fourth quarter, net earnings were $626 million, or $2.62 per diluted share, versus $816 million, or $3.10 per...
by Mike Duff | Feb 11, 2022 | Retail Articles
Costco is the highest-ranked big retail boss outside of the car business on Forbes’ Best Large Employer list. Costco ranked 17th on the Forbes’ list of top 500 large U.S. employers. The Children’s Hospital of Philadelphia is the best large employer...
by Mike Duff | Dec 13, 2021 | Featured News, Retail Articles
In a letter to Congressional leadership, 20 CEOs of leading retailers expressed urgent concern over the growing impact of organized retail crime on retail employees and communities across the United States, according to a statement from the Retail Industry Leaders...
by Mike Duff | Dec 1, 2021 | Retail Articles
Market research firm Numerator released early Black Friday data indicating Amazon captured the highest spend share for the occasion and Cyber Monday data revealing inflation and supply chain issues affected how consumers shopped. Amazon came out on top for the second...
