by Mike Duff | Mar 21, 2022 | Featured News, Retail Articles
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed after January as inflation drove up prices and lingering effects of COVID-19 omicron hit the supply chain, according to the National Retail Federation. United States Census...
by Mike Duff | Mar 15, 2022 | Featured News, Retail Articles
In its annual forecast on prospects through year’s end, the National Retail Federation stated that it expects retail sales to grow between 6% and 8% to more than $4.86 trillion in 2022. NRF made the announcement during its annual State of Retail & the Consumer...
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 | Mar 1, 2022 | Retail Articles
After a period of contention with an activist investor, Kohl’s posted earnings gains that beat a Wall Street estimate even if the company fell short of revenues expectations, with macro issues hitting the top line. Net income for the quarter was $299 million, or $2.20...
by Mike Duff | Feb 22, 2022 | Featured News, Retail Articles
Macy’s beat Wall Street estimates during a fourth-quarter that topped off a big fiscal year for the company that Macy’s Chairman and CEO Jeff Gennette said reflects strategic initiatives that are improving operations and performance. Macy’s net income for...
