by Mike Duff | Jan 10, 2023 | Retail Articles
As it continues pursuing a merger with The Kroger Co., Albertsons Cos. beat Wall Street estimates for third-quarter adjusted earnings and revenue. Net income was $375.5 million, or 20 cents per diluted share, versus $424.5 million, or 74 cents per share diluted share...
by Mike Duff | Jan 10, 2023 | Retail Articles
In a time period when observers and vendors wondered if a bankruptcy filing might be imminent, Bed Bath & Beyond instead affirmed that it is looking at all options in dealing with the company’s financial difficulties even as it announced third-quarter results that...
by Mike Duff | Jan 5, 2023 | Featured News, Retail Articles
Bed Bath & Beyond announced in a financial update that it might not be able to proceed as a “going concern” after recurring losses and negative cash flow from operations for the nine months ended November 26, 2022, as well as current cash and liquidity...
by Mike Duff | Dec 21, 2022 | Retail Articles
The third quarter spelled losses for Rite Aid Corp. but the company did beat Wall Street estimates as front-end comparable sales advanced. Third quarter net loss was $67.1 million, or $1.23 per share, compared to a net loss of $36.1 million, or 67 cents per share, in...
by Mike Duff | Dec 12, 2022 | Retail Articles
As it revealed third-quarter financial results that topped expectations, Restoration Hardware also announced a pair of acquisitions and the addition of an executive to head up a new media operation. The company has acquired Dmitriy & Co., a to-the-trade custom...
