With inflation and supply chain issues having an effect, Ace Hardware Corp. drove sales higher in the fourth quarter but net income fell. Company net income was $9.9 million for the quarter versus $43.3 million in the year-previous period, Ace stated. The 3,400 Ace...
Despite pressure from the COVID-19 Omicron variant, inflation and even weather on the shopping public, retail sales had a solid January, according to the National Retail Federation. Based on numbers released by the United States Census Bureau, NRF retail sales...
Consumers shopping for Valentine’s Day have shown a propensity for returning to pre-pandemic behaviors, according to market research firm Numerator, but many folks still want to celebrate by cooking at home. Pandemic-related behaviors cooking at home and ordering...
Amazon posted big profits in the fourth quarter but not from retail sales, which suffered from the COVID-19 pandemic, supply chain and labor woes that the company is addressing, but in part, by raising the fee it charges for Prime membership. Operating income turned...
According to the latest edition of an annual survey released by the National Retail Federation and Prosper Insights & Analytics, Valentine’s Day spending should reach $23.9 billion this year, up from $21.8 billion in 2021 and the second-highest total on record. ...
