Sales at Ross Stores slid as the first fiscal quarter progressed leading to a comp decline and earnings shortfall. First-quarter net earnings were $338.4 million, or 97 cents per diluted share, versus $476.5 million, or $1.34 per diluted share, in the period a year...
Despite a stronger than expected sales gain in the first fiscal quarter, Walmart missed a Wall Street analyst consensus estimate on income as inflation, a temporary labor imbalance and supply chain costs took dollars off the bottom line. Walmart posted company net...
As labor remains a critical issue at retail, The Kroger Co. announced a spring hiring event scheduled for Saturday, April 30, to fill 23,000 open roles across all departments including retail, e-commerce, manufacturing, supply chain, merchandising, logistics,...
Growth in the manufacturing sector economy grew at a slightly slower pace in January, but the overall U.S. economy achieved its 20th consecutive month of growth, according to the latest Manufacturing Institute for Supply Management Report On Business. The report,...
Amazon posted big profits in the fourth quarter but not from retail sales, which suffered from the COVID-19 pandemic, supply chain and labor woes that the company is addressing, but in part, by raising the fee it charges for Prime membership. Operating income turned...
