Although revenues were soft, iRobot announced adjusted earnings that beat a Wall Street estimate as CEO Gary Cohen said changes made in the company’s turnaround effort have achieving positive results. Net loss was $6.4 million, or 21 cents per diluted share, versus...
U.S. retail spending remains stable, but consumers are making adjustments to purchase behavior, according to market researcher and analytics advisor Circana. In the five weeks ending October 5, 2024, overall retail sales across general merchandise and consumer...
According to an annual holiday purchase intentions consumer survey from Circana, consumer sentiment and intentions related to the 2024 holiday shopping season are improved versus the past two years but still fall short of 2021 levels in most cases. Most consumers in...
Consumers aren’t ready to dive in to discretionary spending at this point, although a state of equilibrium seems to be merging across the consumer packaged goods and general merchandise sectors, according to market researcher and advisor Circana. Total retail sales in...
Robotic cleaning appliance specialist iRobot Corp named corporate restructuring veteran Jeffrey Engel president and COO. Engel’s appointment comes as iRobot Corp., maker of Roomba and Braava robotic floor cleaners, announced a 29% year-over-year decline in revenue and...
