Amid economic uncertainty, luxury home merchandise retailer Restoration Hardware had a difficult fourth quarter with earnings and revenues coming in well short of expectations. For the quarter, RH posted net income of $106.9 million, or $4.21 per diluted share, versus...
The National Retail Federation expects retail sales growth between 4% and 6% in 2023 with revenues reaching between $5.13 trillion and $5.23 trillion, the organization stated in its annual industry forecast. The 2023 figure compares with 7% growth to $4.9 trillion in...
Economic activity in the manufacturing sector gained a bit in February but was in contraction territory for the fourth consecutive month following a 28-month growth period, according to supply executives polled by the Institute for Supply Management. In the...
At a time when consumer shopping behavior is being watched closely in the face of economic uncertainty and inflation, the Kearney Consumer Institute has released its first 2023 briefing on gifting titled “Should I Stay or Should I Go? Redefining Trading Down,...
According to the Global Port Tracker report released by the National Retail Federation and Hackett Associates, February import cargo volume at the major container ports in the United States should drop to almost the lowest level seen since the beginning of the...
