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...
For the fiscal month of January, Costco continued to post strong comparable store sales gains generally and in the nonfoods category. January comparable sales excluding the effects of gasoline prices and foreign exchange volatility increased 10.8% year over year with...
With an emphasis on interactivity, Walmart has unveiled a new merchandising format dubbed Time Well Spent meant to keep the company’s customers shopping longer. In a blog post by Alvis Washington, vp, marketing – store design, innovation and experience, Walmart...
A strong comp performance helped Tractor Supply beat Wall Street estimates in the fourth quarter. Company net income was $221.3 million, or $1.93 per diluted share, versus $135.9 million, or $1.15, per diluted share, in the 2020 fourth quarter, the company stated....
According to the Deloitte 2022 Retail Industry Outlook, the pandemic has created the chance for a long-overdue retail reset that may help move many companies into a more stable, and profitable position. To achieve that, retailers will have to balance near-term...
