by Mike Duff | Feb 24, 2022 | Retail Articles
Even as it released its fourth-quarter financials, Aaron’s Co. announced that it has entered into a definitive agreement to acquire BrandsMart U.S.A. for $230 million in cash. The transaction, the purchaser stated, would deliver Aaron’s more than $3...
by Mike Duff | Feb 24, 2022 | Featured News, Retail Articles
Despite solid comparable-store sales, TJX Cos. fell short of Wall Street sales and earnings expectations in its fourth quarter. For the fiscal 2022 fourth quarter ended January 29, the TJX posted net income of $940.2 million, or 78 cents per diluted share, versus...
by Mike Duff | Feb 23, 2022 | Retail Articles
As part of a Wall Street beat, Lowe’s sales and earnings topped analyst estimates as the company continues developing its own-brand and fulfillment strategies, among others. For the quarter, Lowe’s posted net earnings of $1.21 billion, or $1.78 per diluted share,...
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...
by Mike Duff | Feb 21, 2022 | Retail Articles
At a time when the company is adding fresh faces to boost its e-commerce, Bed Bath & Beyond announced that it has appointed Minesh Shah, chief operations officer at Stitch Fix to its board of directors, effective March 1. Stitch Fix is an e-commerce operation that...
