Even with all the macro pressures in the marketplace, including COVID-19 and labor shortages, retailers remain optimistic even for what they recognize will be a bumpy 2021 holiday shopping season. A survey of retail managers and executives commissioned by the Ultimate...
Bed Bath & Beyond showed a loss in the second quarter as COVID-19 and marketing missteps hurt it as well as supply chain and cost issues. The company posted a net loss of $73.2 million, or 72 cents per diluted share, versus net income of $217.9 million, or $1.75...
Retailers should be able to scare up some pretty good sales this Halloween as consumer spending on holiday items could reach an all-time high of $10.14 billion, up from $8.05 billion in 2020, according to the National Retail Federation’s annual survey conducted by...
Net loss increased at Rite Aid, but it still managed to beat a Wall Street estimate for second-quarter results. For the quarter, Rite Aid reported a company net loss from continuing operations of $100.3 million, or $1.86 per share, versus $13.2 million, or 25 cents...
Americans may turn out to be conflicted about how they spend their money this holiday season, a study from Affirm suggests. In a survey conducted by the consumer credit provider, seven in 10 Americans said they typically go over budget during the holidays. Still, as...
