by Mike Duff | Feb 28, 2023 | Retail Articles
Although it produced mixed results, Target still did better in the fourth quarter than Wall Street expected. For the fourth quarter, Target recorded net earnings of $876 million, or $1.89 per diluted share, the company noted, versus $1.54 billion, or $3.21 per diluted...
by Mike Duff | Feb 24, 2023 | Retail Articles
In its fourth quarter, eBay recorded lower sales and gross merchandise volume, but it still did better than expected by Wall Street. Net income from continuing operations was $671 million, or $1.23 per diluted share, the company reported, versus a loss from continuing...
by Mike Duff | Feb 24, 2023 | Retail Articles
As it reported fourth-quarter and full-year financial results, which beat a Wall Street earnings estimate despite being down year over year, Rent-A-Center announced it was changing its corporate name to Upbound Group, with its banners retaining their identities. Net...
by Mike Duff | Feb 23, 2023 | Retail Articles
Wayfair CEO Niraj Shah, in announcing the company’s year-over-year loss increased and revenue slipped year in the fourth quarter, said the retailer had adjusted operations for greater efficiency and to generate better results. Wayfair CEO Niraj Shah, in...
by Mike Duff | Feb 23, 2023 | Retail Articles
With a change in focus to a home-only assortment and headwinds from consumer behavior changes and general economic conditions, Overstock suffered a loss for the fourth quarter, but the online retailer managed an adjusted net income gain for the full fiscal year...
