With inflation and supply chain issues having an effect, Ace Hardware Corp. drove sales higher in the fourth quarter but net income fell. Company net income was $9.9 million for the quarter versus $43.3 million in the year-previous period, Ace stated. The 3,400 Ace...
Despite pressure from the COVID-19 Omicron variant, inflation and even weather on the shopping public, retail sales had a solid January, according to the National Retail Federation. Based on numbers released by the United States Census Bureau, NRF retail sales...
Consumers shopping for Valentine’s Day have shown a propensity for returning to pre-pandemic behaviors, according to market research firm Numerator, but many folks still want to celebrate by cooking at home. Pandemic-related behaviors cooking at home and ordering...
January was strong across the in-store and digital retail spectrum in the U.S., according to Mastercard SpendingPulse, which reported a 7.2% year-over-year retail sales gain for the month excluding auto sales. Despite Omicron and elevated inflation, pent-up savings,...
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...
