Joann missed third-quarter Wall Street estimates on sales and earnings while citing double-digit e-commerce growth as a positive development. Net loss was $21.6 million, or 51 cents per diluted share, versus $17.5 million, or 43 cents per diluted share, in the...
Home outperformed Kohl’s overall business in the third quarter when earnings beat a Wall Street estimate but revenues fell short. The ongoing expansion of the home business is one of several initiatives, including the growth of the Sephora business, that Kohl’s is...
Crate & Barrel has debuted a new flagship store in New York and everywhere else, creating and launching a virtual version online. The 23,000 square foot two-level New York City flagship location is in Manhattan’s Flatiron district, a neighborhood that’s become a...
Walmart surpassed third-quarter Wall Street estimates as earnings and revenue gained while some product costs, including in general merchandise, moderated. The company posted net income of $453 million, or 17 cents per diluted share, versus a loss of $1.8 billion, or...
Inflation continues to influence holiday shoppers who are budgeting higher for gifts and other seasonal purchases this year, according to a RetailMeNot survey. Shoppers are budgeting for $932 in spending versus $725 in 2022. The major effect of inflation is a...
