As it identified second quarter revenues as record-setting, Ace Hardware Corp. also posted net income that included a charge for the closure of The Grommet. Ace Hardware posted net income attributable to the company of $124.9 million for the quarter, up $116 million...
As has been the case with other retailers, Nordstrom has recently faced some inventory issues, but it managed sales and earnings gains in the second quarter, giving Wall Street a little surprise along the way. Net earnings were $126 million, or 77 cents per diluted...
Macy’s got dinged by macroeconomic and retail trends in the second quarter even as it topped Wall Street estimates, and now it is working to position itself for a strong holiday season. Macy’s net income in the quarter was $275 million, or 99 cents per diluted...
Core retail sales, as calculated by the National Retail Federation, rose in July as consumers kept shopping, NRF reported. NRF’s calculation of retail sales is based on U.S. Census Bureau figures, but it excludes automobile dealers, gasoline stations and...
After experiencing an inventory glut as the year began, Target decided to quickly address the merchandise excess. Although it believes doing so positioned the company for better margins in the back end of the year, the determination pressured second-quarter...
