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...
Qurate Retail Group President and CEO David Rawlinson announced new executive appointments and a new structure as the company pushes continuous operational improvement and deepens differentiated brand experiences across its core video commerce brands in the United...
The fourth quarter was solid for BJ’s Wholesale Club, with an earnings beat on Wall Street estimates even if revenues were not quite in line with a Yahoo Finance-published prediction. Income from continuing operations was $107.6 billion, or 78 cents per diluted share,...
Target Corp. will invest up to $5 billion on physical stores, digital experiences, fulfillment capabilities and supply chain capacity in 2022 to further differentiate its retail offering and drive continued growth, the company announced. Target plans to open 30 stores...
