For the nine-week holiday period ended December 31, Nordstrom sales decreased 3.5% versus the nine weeks ended January 1, 2022, the company reported as part of a business update. Nordstrom banner sales decreased 1.7%, while those at its off-price Nordstrom Rack banner...
Faced with economic headwinds, operational bottlenecks and an ongoing need to remain competitive, small and midsize businesses are taking steps to optimize and innovate their supply chain strategies using technology and cooperative buying arrangements, according to a...
Many major retailers that found themselves in an inventory bloat recently have been doing what they can to trim down by the end of January when most retailers move from one fiscal year to the next, but doing so may be difficult due to the same lingering challenges...
Kirkland’s, in posting a third-quarter loss, maintained it was getting better positioned for future gains. Kirkland’s posted a loss of $7.3 million, or 58 cents per diluted share, versus net income of $7.2 million, or 51 cents per diluted share, in the year-earlier...
Higher gross margins and lower costs drove year-over-year operating profit gains by Hamilton Beach Brands Holding Company in its third quarter despite a revenue decline. In reporting a year-over-year quarterly revenue decrease of 3.8% reflecting lower consumer sales...
