In the second quarter, Spectrum Brands posted a net loss and lower sales as the company realigns the business, an effort that took another step forward with a settlement with the United States Department of Justice. Net loss from continuing operations was $75 million,...
Amazon turned to profits in the first quarter and beat Wall Street earnings and sales estimates with the e-commerce giant noting the contribution of an expanded home assortment led by a new Martha Stewart program. The company posted first-quarter net income of $3.17...
As fourth-quarter sales fell and the company posted a loss, Kirkland’s Home announced that its president and CEO Woody Woodward would retire effective May 31. The company noted that its board of directors is evaluating options for a permanent successor. Board member...
Kohl’s posted a fourth-quarter loss that took Wall Street by surprise. Net loss was $273 million, or $2.49 per diluted share, versus net income of $299 million, or $2.20 per diluted share, in the year-earlier period, the company reported. An analyst consensus estimate...
In a time period when observers and vendors wondered if a bankruptcy filing might be imminent, Bed Bath & Beyond instead affirmed that it is looking at all options in dealing with the company’s financial difficulties even as it announced third-quarter results that...
