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 14, 2022 | Featured News, Home + Housewares, Retail Articles
Qurate Retail Group President and CEO David Rawlinson announced new executive appointments and a new structure as the company pushes continuous operational improvement and deepens differentiated brand experiences across its core video commerce brands in the United...
by Peter Giannetti | Mar 9, 2022 | Featured News, Retail Articles
“The business model is changing: I think that’s the headline,” Doug McMillion, Walmart CEO, said during the company’s fourth-quarter conference call. Walmart is shifting its resources to create and expand new revenue streams while making itself more competitive in a...
by Mike Duff | Mar 4, 2022 | Retail Articles
The fourth quarter was solid for BJ’s Wholesale Club, with an earnings beat on Wall Street estimates even if revenues were not quite in line with a Yahoo Finance-published prediction. Income from continuing operations was $107.6 billion, or 78 cents per diluted share,...
by Mike Duff | Mar 3, 2022 | Retail Articles
A renewed fresh food emphasis and expanded digital operations helped The Kroger Co. set financial records in the 2021 fiscal year and beat fourth-quarter Wall Street estimates in the process. In the fourth quarter, Kroger recorded company net earnings of $566 million,...
