Costco made a strong showing in March with double-digit comparable store gains. Costco comps without the effects of fuel price and foreign exchange volatility increased 12.2% in March year over year, with the United States up 12.7%, Canada up 12.2% and Other...
Although most are celebrating and prepared to part with nearly the same amount of money they did in 2021, inflation will affect how consumers spend on the Easter holiday this year, according to a survey by the National Retail Federation. About 80% of consumers in the...
E-commerce is now the main retail driver, and brands must adapt quickly to e-commerce demands or lose out on the market growth it will represent over the next few years, a study by Edge by Ascential states. According to the Future of the Digital Shelf study, 40% of...
In its annual forecast on prospects through year’s end, the National Retail Federation stated that it expects retail sales to grow between 6% and 8% to more than $4.86 trillion in 2022. NRF made the announcement during its annual State of Retail & the Consumer...
With COVID-19 and supply chain issues weighing on the fourth quarter, Best Buy met a Wall Street estimate on earnings but fell short on revenues. For the fourth quarter, net earnings were $626 million, or $2.62 per diluted share, versus $816 million, or $3.10 per...
