Citing a challenging do-it-yourself market facing macroeconomic headwinds, Lowe’s Cos. beat a second-quarter earnings forecast despite a decline in comparable sales during the period. Net earnings were $2.38 billion, or $4.17 per diluted share, versus $2.67 billion,...
Renters helped drive second-quarter home furnishings and housewares gains in the United States, according to the Home Furnishings Digest report from market researcher Consumer Edge. A modest rebound in consumer purchases of home goods categories seems to be supported...
Retail sales advanced during a July that saw lots of early back-to-school spending and major promotions from Amazon, Walmart, Target and other retailers. According to the CNBC/NRF Retail Monitor, shoppers purchasing for return to classes, to take advantage of...
Even as key elements continue gaining in the United States, the economy appears to have slowed enough for the U.S. Federal Reserve to lower interest rates later this year. According to National Retail Federation chief economist Jack Kleinhenz, in the August NRF...
In the report entitled Retailers’ Blind Spot for Holiday 2024, market researcher First Insight stated that uncertainty is pronounced as companies plan for the holidays. The First Insight survey asked retail executives about their merchandising decisions and external...
