by Mike Duff | Nov 22, 2022 | Retail Articles
Best Buy sales and earnings tumbled in the third quarter, but they still came in ahead of a Wall Street estimate. For the quarter, net earnings were $277 million, or $1.22 per diluted share, versus $499 million, or $2 per diluted share, in the year-earlier quarter,...
by Mike Duff | Nov 21, 2022 | Retail Articles
According to business services firm Deloitte, consumers will spend an average of $500 during the Black Friday to Cyber Monday period in 2022, up 12% from the selling events in 2021. During the Thanksgiving holiday weekend, shoppers plan to rely more on payment...
by Mike Duff | Nov 18, 2022 | Featured News, Retail Articles
The National Retail Federation forecasts 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, up eight million from the 2021 period. The robust holiday weekend forecast was issued as NRF reported retail sales gains...
by Mike Duff | Nov 14, 2022 | Featured News, Retail Articles
Walmart and Target will announce their quarterly results this week, and Placer.ai has released an analysis that provides some insight into how their stores have performed during the most recent quarter and what their prospects might be for the fiscal year’s...
by Mike Duff | Nov 7, 2022 | Retail Articles
Getting ready for the holiday rush, Kohl’s has announced plans to give away more than $1 million in prizes to in-store shoppers on Black Friday, November 25, through its TGIBF! Sweepstakes, a promotion it is unveiling with its Black Friday ad. Kohl’s pointed out that...
